NewswireToday - /newswire/ -
London, United Kingdom, 2008/10/25 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report analysing the ICT (Information Communication Technology) market in Sri Lanka.
The report “Sri Lankan ICT Market Analysis” suggest that the ICT industry of Sri Lanka is one the fastest growing revenue generators in the country. As Sri Lanka has been showing strong determination to develop its infrastructure despite ongoing political problems, it is this sustainable economic growth that, along with other factors, boosts growth in the country’s ICT market.
According to the report, the Sri Lankan economy is currently counted among the most moderate economies in South Asia that has succeeded in maintaining healthy growth rates in recent past. Moreover, the country has some added benefits in developing its ICT industry, like favourable macro-economic policies and a business culture open to international investors and partners. In addition, the Sri Lankan telecom industry, constituted by fixed and Wireless Local Loop (WLL) operators, and mobile and public phone operators, is the most liberal in South Asia.
However, the broadband penetration in Sri Lanka is still very low, representing huge growth opportunities for the ICT market. Total broadband subscribers in the country are estimated to grow at an annual growth rate of 22-25% during 2008-2011, creating huge demand for ICT products and services. This will open up immense business opportunities for such sectors as IT-BPO, healthcare, banking, educational sectors, safety & security market and Internet and broadband providers.
The report comprehensively discusses segments like Internet subscribers, broadband subscribers, fixed-line telephone subscribers, and mobile subscribers and provides forecast on the vital segments of the industry.
In addition, the research gives information on current and future market trends in the IT and telecom sector with focus on PC, Internet, mobile and fixed telephony and broadband market. It highlights key market drivers, challenges for the market and gives rational analysis on various aspects, enabling investors, financial service providers, and global IT and telecom players to evaluate their prospects in the rapidly growing ICT market in Sri Lanka.
“Sri Lankan ICT Market Analysis” is available from Report Buyer. For more information, please see website.
Report Buyer product ID: RCS00433
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