South Asian Business news and information

PC sales may slump in the developed countries but for South Asian countries like Bangla , Pakistan and Sri Lanka  it is boom time. Market intelligence and advisory services company, IDC, in a report has predicted that sales of PC will grow substantially in these 3 South Asian countries  PC market from 2006-2010. According to IDC, the compounded annual growth rate (CAGR) for Pakistan, Bangladesh and Sri Lanka will be  19%, 22% and 11% respectively during this period. Increasing demand from the  public sector, telecommunications and financial services industries have been identified as the main reasons behind this growth. The report also mentioned that 851,735 units of PCs were sold in these 3 countries in 2005.  

 Since, penetration of computer use is still very low in these countries, there is no doubt that the markets can only increase in the coming years. Pakistan is strongly driving to emulate the success of its arch rival India in ICT and outsourcing. In 2005, PC market grew 19% in the country and in 2007 the size of this market will become bigger than that of Singapore . Sri Lankan PC market could post an amazing turnaround after the devastation of Tsunami.

 PC market may grow even more than 22% in Bangladesh because of the aftermath of getting connected to the World Information Super highway through submarine cable.

 The large tech companies will certainly focus on this market more after the publication of this report by IDC.