Sri Lanka Information Technology Report Q3 2016

Date: May 18, 2016
Pages: 68
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S7F28AF2833EN

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Includes 3 FREE quarterly updates

BMI View: Sri Lanka is one of the lowest income and least developed economies in Asia Pacific and this is reflected in a small IT market and industry. However, with a positive economic outlook this means there is low-hanging fruit for vendors as household incomes rise and the public and private sector modernise, that we expect to result in fast medium-term spending growth. Our forecast envisages a CAGR of 12.5% for the IT market spending over 2016-2020 to a total of LKR181.9bn in 2020. Meanwhile, we believe the local industry is positioned for further expansion, primarily in software and services, but there is also a nascent IT hardware industry.

Latest Updates And Industry Developments
  • IT Hardware Sales: LKR71.7bn in 2016 to LKR109.3bn in 2020, a compound annual growth rate (CAGR) of 11.1% in local currency terms. Income growth will be the key driver, which should deepen the market substantially, but price sensitivity will continue to be a key consideration for vendors.
  • Software Sales: LKR18.8bn in 2016 to LKR32.1bn in 2020, CAGR of 14.4%. As supporting infrastructure investments allows for increased supply, we expect software-as-a-service will deepen the enterprise software market and drive growth.
  • IT Services Sales: LKR23.1bn in 2016 to LKR40.5bn in 2020, CAGR of 15.1%. IT services spending will benefit from the computerisation of the public and private sectors, as well as the expansion of network infrastructure.
BMI Industry View
Latest Updates And Industry Developments
Industry Forecast
Latest Updates
Structural Trends
  Table: Enterprise Trends - GVA By Vertical (Sri Lanka 2015-2020)
  Table: IT Industry - Historical Data & Forecasts
Industry Risk/Reward Index
  Table: Asia Pacific IT Risk/Reward Index, Q3 2016
Market Overview
Recent Developments
Cloud Computing
  Table: Sri Lanka Cloud Vendor Developments, 2015
IT Services
Industry Trends And Developments
IT Hardware Trade
  Table: Emerging APAC IT Hardware Trade, 2009-2014
  Table: Sri Lanka IT Hardware Trade, 2010-2015
IT Industry Analysis
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
Demographic Forecast
Demographic Outlook
  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)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: IT Risk/Reward Index Indicators
  Table: Weighting Of Components
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