This IDC study is a first-hand insight into the key market dynamics of Myanmar's ICT marketplace. The country is clearly riding strong momentum from recent significant reforms that had further government restructuring, the re-establishment of political ties, and global economic integration. New drafts of telecom and foreign investment laws are poised to open the market to foreign participation. Moving into 2012, Myanmar's IT spending is expected to have a growth rate of 14.8% as the government, businesses, and consumers embrace technology for infrastructure development, process improvement, and personal communications. Despite such business changes taking place, Myanmar is also constrained by electricity shortages, weak infrastructure, Internet censorship, and low consumerism.
"Recent political reforms and the historic elections in April 2012 had clearly placed Myanmar among the most attractive countries for business investments in the region. Riding on the wave of changes, Myanmar's ICT industry is clearly in the forefront of discussions, as the country needs to embrace technology to be integrated into the global economy as well as to overcome inadequate infrastructure challenges. Definitely a green-field market for ICT investments, foreign ICT players might want to take advantage of first-mover advantage by positioning themselves early in the market," says Lam Nguyen, country director, IDC Vietnam.