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Sri Lanka Information Technology Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 68 pages

Includes 3 FREE quarterly updates

BMI View: Sri Lanka is one of the lowest income and least developed economies in Asia Pacific and this isreflected in a small IT market and industry. However, with a positive economic outlook this means there islow-hanging fruit for vendors as household incomes rise and the public and private sector modernise, thatwe expect to result in fast medium-term spending growth. Our forecast envisages a CAGR of 12.5% for theIT market spending over 2016-2020 to a total of LKR181.9bn in 2020. Meanwhile, we believe the localindustry is positioned for further expansion, primarily in software and services, but there is also a nascentIT 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 deepenthe 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 supportinginfrastructure investments allows for increased supply, we expect software-as-a-service will deepen theenterprise software market and drive growth.

- IT Services Sales: LKR23.1bn in 2016 to LKR40.5bn in 2020, CAGR of 15.1%. IT services spendingwill benefit from the computerisation of the public and private sectors, as well as the expansion ofnetwork infrastructure.

Table Of Contents

Sri Lanka Information Technology Report Q3 2016
BMI Industry View 7
Latest Updates And Industry Developments 7
SWOT 9
Industry Forecast 11
Latest Updates 11
Structural Trends 11
Table: Enterprise Trends - GVA By Vertical (Sri Lanka 2015-2020) 15
Table: IT Industry - Historical Data and Forecasts 17
Industry Risk/Reward Index 18
Table: Asia Pacific IT Risk/Reward Index, Q3 2016 21
Market Overview 22
Recent Developments 22
Hardware 22
Software 29
Cloud Computing 34
Table: Sri Lanka Cloud Vendor Developments, 2015 38
IT Services 38
Industry Trends And Developments 41
IT Hardware Trade 41
Table: Emerging APAC IT Hardware Trade, 2009-2014 41
Table: Sri Lanka IT Hardware Trade, 2010-2015 42
IT Industry Analysis 43
Regulatory Development 47
Table: Regulatory Overview 47
Competitive Landscape 50
International Companies 50
Table: Dell 50
Table: Hewlett-Packard 51
Local Companies 52
Table: EWIS 52
Table: John Keells Holding 53
Table: Virtusa 54
Regional Overview 55
Demographic Forecast 59
Demographic Outlook 59
Table: Population Headline Indicators (Sri Lanka 1990-2025) 60
Table: Key Population Ratios (Sri Lanka 1990-2025) 60
Table: Urban/Rural Population and Life Expectancy (Sri Lanka 1990-2025) 61
Table: Population By Age Group (Sri Lanka 1990-2025) 61
Table: Population By Age Group % (Sri Lanka 1990-2025) 62
Methodology 64
Industry Forecast Methodology 64
Sources 66
Risk/Reward Index Methodology 66
Table: IT Risk/Reward Index Indicators 67
Table: Weighting Of Components 68

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