Other IT Services - Sri Lanka

Sri Lanka

The Other IT Services market in Sri Lanka is anticipated to witness a significant increase in revenue, with projections indicating a reaching of US$256.80m in 2025.
Furthermore, it is expected that the market will experience a steady annual growth rate of -4.05% from 2025 to 2029, resulting in a market volume of US$217.70m by the end of the forecast period.
In terms of the average Spend per Employee within the Other IT Services market in Sri Lanka, it is estimated to reach US$29.09 in 2025.
This figure reflects the average amount spent per employee within the industry.
When comparing the global landscape, it is anticipated that United States will contribute the highest revenue to the Other IT Services market.
In 2025, United States is projected to generate a staggering US$155.50bn in revenue, showcasing its dominance in the global market.
It is worth noting that these figures pertain specifically to the Other IT Services market.
Sri Lanka's Other IT Services market is witnessing a surge in demand, driven by the country's skilled workforce and cost advantages.

Key regions: China, United Kingdom, Germany, Netherlands, India

Market

Region

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Currency

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.