Tweet
LATEST DEVELOPMENTS IN ARMENIA'S INFORMATION TECHNOLOGY
news.am
October 23, 2012 | 13:15
YEREVAN. - As compared with last year's 281, a total of 380 companies
are operating this year in Armenia's Information Technology (IT)
sector, Executive Director Bagrat Yengibaryan of the Enterprise
Incubator Foundation said Tuesday at session of the Armenian
Information Technologies Development Support Council.
As per Yengibaryan, the country's high IT sector growth rate
is maintained, with 25 percent per year. In the case when this
sector's gross product was worth $205 million in the year past, it
will exceed $250 million this year. In addition, the local companies
have strengthened in this market.
Close to 60 percent of Armenia's IT products is exported, and primarily
to the US.
In the case when the number of Armenia's IT specialists was 6,860 last
year, their number exceeds 7,800 this year. In the case when close
to 70 percent of these specialists worked for foreign companies three
to four years ago, this indicator has dropped to 50 percent at present.
And if we were to add the telecommunication sector, the number of
Armenia's IT sector workers will surpass 10,000.
Also, Armenia stands out in the IT sector in terms of a high
involvement rate by women. In developed countries, the women's
involvement in this sector does not exceed 10 percent, whereas it
surpasses 30 percent in Armenia.
As per Bagrat Yengibaryan, Armenia has several advantages with
respect to the IT sector. First, the country still uses the ex-Soviet
education infrastructures and, on their basis, it has created its
biggest advantage: specialized potential. "Armenia does not have
cheap labor. The salaries in Armenia are fairly high. But in the
segment where Armenia competes, it positions very interestingly in the
world, and it still has a relative advantage [in terms of] salaries,"
Yengibaryan noted.
From: Baghdasarian
news.am
October 23, 2012 | 13:15
YEREVAN. - As compared with last year's 281, a total of 380 companies
are operating this year in Armenia's Information Technology (IT)
sector, Executive Director Bagrat Yengibaryan of the Enterprise
Incubator Foundation said Tuesday at session of the Armenian
Information Technologies Development Support Council.
As per Yengibaryan, the country's high IT sector growth rate
is maintained, with 25 percent per year. In the case when this
sector's gross product was worth $205 million in the year past, it
will exceed $250 million this year. In addition, the local companies
have strengthened in this market.
Close to 60 percent of Armenia's IT products is exported, and primarily
to the US.
In the case when the number of Armenia's IT specialists was 6,860 last
year, their number exceeds 7,800 this year. In the case when close
to 70 percent of these specialists worked for foreign companies three
to four years ago, this indicator has dropped to 50 percent at present.
And if we were to add the telecommunication sector, the number of
Armenia's IT sector workers will surpass 10,000.
Also, Armenia stands out in the IT sector in terms of a high
involvement rate by women. In developed countries, the women's
involvement in this sector does not exceed 10 percent, whereas it
surpasses 30 percent in Armenia.
As per Bagrat Yengibaryan, Armenia has several advantages with
respect to the IT sector. First, the country still uses the ex-Soviet
education infrastructures and, on their basis, it has created its
biggest advantage: specialized potential. "Armenia does not have
cheap labor. The salaries in Armenia are fairly high. But in the
segment where Armenia competes, it positions very interestingly in the
world, and it still has a relative advantage [in terms of] salaries,"
Yengibaryan noted.
From: Baghdasarian