Sri Lanka Information Technology Report - Q4 2014

Business Monitor International
September 10, 2014
83 Pages - SKU: BMI5325705
Countries covered: Sri Lanka

Sri Lanka Information Technology Report - Q4 2014

BMI View: We forecast a CAGR of 15.5% for IT market spending 2014-2018, with the market expected toincrease to a value of LRK163.8bn in 2018. We believe Sri Lanka will outperform the majority of ITmarkets in the APAC region due to a convergence of factors. Strong income growth and low penetration ofPCs, enterprise software and services will combine to boost IT spending growth in Sri Lanka over themedium term. We expect it to embark on a period of catch-up growth 2014-2018, closing the gap tocomparable markets in terms of the penetration of IT products and solutions after a long period of conflict.

The local IT industry is also developing, with a vibrant local software and BPO industry and thedevelopment of local facilities for PC manufacture and assembly to service the local market and widerregion.

Headline Expenditure Projections

Computer Hardware Sales: LKR59.7bn in 2014 to LKR100.9bn in 2018, CAGR of 14.2% in localcurrency terms. There is strong growth potential for hardware sales in Sri Lanka due to low PCpenetration rates, declining device prices and rising incomes.



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