Oct 11 (ResearchAndMarkets) Sri Lanka makes significant progress in its IoT ventures.
In 2018 the government's Board of Investment of Sri Lanka formally approved a significant investment for network expansion and upgrade work on 4G mobile and fixed broadband services.
Fixed broadband penetration in Sri Lanka remains very low mainly due to
the dominance of the mobile platform and the limited and declining
number of fixed lines is restricting more widespread development of
fixed broadband. However, the market has grown strongly over the past
five years from a very small base. Over the next five years to 2023
strong growth is expected to continue.
Sri Lanka's mobile market has experienced strong growth over the last
six years. Slow growth is predicted over the next five years to 2023.
The market will be constrained from higher growth due to very strong
local competition and a highly saturated mobile market.
The market is now moving from 4G towards 5G mobile services. Dialog
Axiata has carried out a 5G network capability trial with technology
partners Ericsson and Huawei in Colombo. The demonstration included a
range of 5G solutions including Massive MIMO, cloud radio and IoT-based
smart parking and real time 4K video streaming.
Dialog Axiata has claimed South Asia's first launch of a NB-IoT-enabled
network supporting IoT solutions such as Connected Home and Car Connect.
Mobitel has completed a further round of proof-of-concept (PoC) tests of
LTE-Advanced Pro (LTE-A Pro) technology in Colombo.
Sri Lanka has seen a very strong increase in mobile broadband
penetration over the past six years, driven by a rising level of 4G
mobile subscribers. However, the mobile broadband market is still at an
early stage of development with penetration well below most other
developed Asian countries. Strong growth is predicted over the next five
years to 2023.