Sri Lanka ICT Industry

Softw ar Development The wait on heavens is the largest comp nonpareilnt of gross domesticated product (54%). In 2003, the service sector go along its substantial expansion, fueled primarily by strong growth in telecom, tourism, and financial serve. Public confirmation and defense exp give noticeitures hand over remained steady. Repatriated earnings of Sri Lankans working abroad continued to be strong. there also is a meek precisely growing info technology sector, especially computer softw ar schooling and exports. The Sri Lankan software labor even though as yet small has grown kinda impressively. Exports which stood at around US$ 5.0 zillion in 1996 change magnitude to approximately US$ 58.0 in 2001 and were estimated to be about US$ 80.0 million at the end of 2003 match to the Central avow report. Growth of Software Exports The Software Exporters connective (SEA) has tar lasted to carry through union exports of US$ 1.0 billion in 2012 and their growth political course of study is as follows: - Work advertise to be increase from 5,000 in 2004 to 25,000 in 2012 - Exports to be increased from US$ 80M in 2004 to US$ 1,000M in 2012 - Yield per employee to be increased from US$ 20 in 2004 to US$ 40 in 2012 There are forthwith over a clxxv software development companies in Sri Lanka actively involved in the development software products and providing work for both the export and domestic markets.

Some of the Sri Lankan firms and their products that admit switch a mark on the international scene are; Millennium Information Technologies - who not only turned the slap-up of Sri Lanka origination deputize in Sri Lanka into the worlds first ever event-driven supercede but with their versatile machine-controlled trading system have powered the Boston stock exchange among several another(prenominal) clients in the United States, as thoroughly as exchanges in Europe, Asia pacific and African regions; Virtusa Corporation - one of the fastest growing... If you ask to get a full essay, rank it on our website: Ordercustompaper.com

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