Sectorial Brochure IT Sector of Armenia/ BA | Page 3

SECTOR OVERVIEW
2014
2017
More than
LABOR FORCE
121%
EXPORT GROWTH
15.000
professionals
2014
2017
32.6%
DOMESTIC MARKET
GROWTH
£ Main products and services: embedded software development, semiconductor
design, customized software, outsourcing, financial software, multimedia, web
design, information systems, system integration
£ There were 650 companies in the Armenian Information & Communications
Technology (ICT) sector in 2017. 21.6% of the companies specialized in customized
software and outsourcing, while 13.7% in web design and development
Number of companies by area of specialization, % of total Innovative Technologies
industry
Industry total % Local companies % Foreign branches %
Customized so ware and outsourcing
21.6
17.8
3.8
Web design and development
13.7
11.8
1.9
IT services and consul ng
10.7
8.7
1.9
Mobile applica on development
9.8
7.7
2.2
System design and automa za on
9
7.7
1.4
Internet service providers
8
2
6
Databases and MIS
7.7
6
1.6
Internet applica ons and e-commerce
7.4
7.1
0.3
Accoun ng, banking, and financial so ware
5.2
3.8
1.4
Computer graphics, mul media, and games
3.3
3
0.3
Networking systems and communica ons
3.3
3
0.3
Chip design, tes ng, and related sectors
2.5
1.4
1.1
Other
6
5.5
0.5
Source: Enterprise Incubator Foundation 2017
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