Sectorial Brochure IT Sector of Armenia/ BA | Page 2

INNOVATIVE TECHNOLOGIES
INDUSTRY IN ARMENIA
KEY FACTS
IT and high-tech industry
leader in the region
64.8% of the ICT sector
is exported to USA,
Canada and Europe
More than 150 new
startups emerged in 2017
Domestic market
grew 5 times
in 2017 compared
with 2010
Export increased
6 times in 2017 compared
with 2010
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