Civil strife holds back IT growth

Springboard Research, a market research company recently had this to say of PC growth in Sri Lanka:

“The Sri Lankan PC/Server market offers substantial untapped growth opportunities for both domestic as well as foreign IT vendors,” said Manish Bahl, Springboard’s AEC Research Manager. “The biggest impediment to this growth is the ongoing civil strife of the past few months which has further deteriorated the country’s security condition. While Sri Lanka’s PC/Server market has become quite competitive in recent years, any escalation in political conflict will hold back the ambitious IT plans of both the government and large corporations, which in turn will dampen PC/Server market growth,” Bahl noted. (Emphasis mine)

Read the full report here.

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