Sri Lanka Information Technology Report Q2 2018
The IT market in Sri Lanka has strong momentum as vendors are able to tap into catch-up growth potential as rates of ITutilisation have a long way before convergence with developed markets. Therefore, an expanding and modernising economy is apositive foundation for further growth over the medium term. Meanwhile, the domestic IT industry is also in a strong growth phaseas Sri Lanka becomes a more prominent outsourcing hub. There are, however, some downside risks, including smartphonecompetition for PC spending, an IT industry skills bottleneck, and a negative external economic event.
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