Sri Lanka Information Technology Report - Business Monitor International - Industry Reports

Sri Lanka Information Technology Report

Sri Lanka Information Technology Report - Business Monitor International - Industry Reports
Sri Lanka Information Technology Report
Published Sep 03, 2016
72 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Sri Lanka has huge potential as one the APAC markets with the lowest penetration rates for hardware, software and services - along with a robust economic outlook. We believe this will enable spending to increase at a CAGR of --.- over --------- to a total of LKR---.-bn in ----. ...We believe this will enable spending to increase at a CAGR of --.- over --------- to a total of LKR---.-bn in ----. There is however some downside to the low level of development, for instance, price sensitivity will be high and this could limit profitability, while in the hardware segment there is increasing concern for PC vendors that large numbers of consumers could bypass the PC era and become accustomed to smartphones as their sole computing devices. IT Hardware Sales: LKR--.-bn in ---- to LKR--.-bn in ----, a compound annual growth rate (CAGR) of -.- in local currency terms. ...IT Services Sales: LKR--.-bn in ---- to LKR--.-bn in ----, CAGR of --.- . There is growth potential in basic services as computerisation levels increase in the public and private sectors, while adoption of cloud computing and outsourcing boost the outlook even higher.

...Small- and medium-sized enterprise (SME) growth in Sri Lanka will drive the economy forward and the country is estimating an SME surge in the years ahead. Low household PC penetration of --.- at end-----. ...Low household PC penetration of --.- at end-----. EWIS s move into PCB production, with other component manufacture options to be explored, could provide a platform for further investments in assembly plants. Booming BPO and software development markets have solid growth prospects both in terms of volumes and value of outsourcing contracts. Network investments and telecom operator strategies are also contributing to the development of the cloud services market.

...BMI View: A small downgrade to the IT hardware segment forecast in the Q--- update did not change our overall outlook for strong growth in Sri Lankan IT spending over the medium term. We forecast a compound annual growth rate (CAGR) of --.- over --------- as vendors capitalise on the low-hanging fruit offered by Sri Lanka s status as one of the least-developed IT markets in Asia Pacific (APAC), and catch-up growth will be fuelled by much lower device and solution prices in APAC compared to ----- years ago when East Asian economies were at similar levels of development. ...

  
Source:
Document ID
2041-7187
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Sri Lanka Information Technology Report" Sep 03, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sri-Lanka-Information-Technology-Report-2026-1429>
  
APA:
Business Monitor International - Industry Reports. (2016). Sri Lanka Information Technology Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sri-Lanka-Information-Technology-Report-2026-1429>
  
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