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Sri Lanka Information Technology Report Q1 2016

BMI View: We hold a positive outlook for the Sri Lankan IT industry as we forecast IT spending in thecountry to be driven by strong economic growth and government support for digitalisation. We forecast aCAGR of 14.2% for the IT market spending in 2014-2019. We believe that 2016 will witness stable growthin all sectors of the IT market, with the market growing by 14.7% in 2016. Strong income growth and lowpenetration of PCs, enterprise software and services will combine to boost IT spending growth in Sri Lankaover the medium term. The local IT industry is also developing, with vibrant local software and BPOindustries and the development of local facilities for PC manufacture and assembly to service the localmarket and wider region.

Latest Updates & Industry Developments

Computer Hardware Sales: LKR59.7bn in 2014 to LKR109.0bn in 2019, compound annual growth rate(CAGR) of 12.8% in local currency terms. There is strong growth potential for hardware sales in SriLanka due to low PC penetration rates, declining device prices, rising incomes and the development of alocal manufacturing base.


BMI Industry View
SWOT
IT SWOT
Industry Forecast
Structural Trends
Table: IT Industry - Historical Data & Forecasts
Industry Risk Reward Index
Table: Asia Pacific IT Risk/Reward Index - Q1 2016
Market Overview
Hardware
Software
Cloud Computing
Table: Sri Lanka Cloud Vendor Developments
Services
Regulatory Development
Table: Regulatory Overview
Competitive Landscape
International Companies
Table: Dell
Table: Hewlett-Packard
Local Companies
Table: EWIS
Table: John Keells Holding
Table: Virtusa
Regional Overview
Asia - Local Vendors Leverage Emerging Lower-End Device Market
Demographic Forecast
Table: Population Headline Indicators (Sri Lanka 1990-2025)
Table: Key Population Ratios (Sri Lanka 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Sri Lanka 1990-2025)
Table: Population By Age Group (Sri Lanka 1990-2025)
Table: Population By Age Group % (Sri Lanka 1990-2025)
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: IT Risk/Reward Index Indicators
Table: Weighting Of Components

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