Information and Communication Technologies

General Overview

Why Invest in Armenia's ICT sector

Promising Areas

Sector Overview


General Overview

Armenia's IT industry has been experiencing significant growth and development in recent years. The country has emerged as an attractive destination for technology companies and startups, thanks to its favorable business environment, skilled workforce and supportive government initiatives.

Why Invest in Armenia's ICT sector


Growth and Contributions

The IT sector has become one of the fastest-growing industries in Armenia, with a steady annual 20% growth rate.


Technology Hubs

Armenia has established several technology hubs and innovation centers and became a home to several IT Unicorns.


Skilled Workforce

Armenia has a strong pool of highly skilled IT professionals. The country has a long-standing tradition of technical education, with prestigious universities offering programs.


Startups and Innovation

Armenia has a vibrant startup ecosystem, with numerous tech startups and entrepreneurial ventures emerging in recent years.


Government Support

The Armenian government has been proactive in supporting the growth of the IT industry.


International Recognition

Armenian IT companies and professionals have gained international recognition for their expertise and innovative solutions.

Promising Areas

Software Development

Armenia has a strong reputation for its software development. Many companies in Armenia specialize in building custom software solutions, mobile applications, web and enterprise software development.

Artificial Intelligence and Machine Learning

Armenia has been making strides in the field of AI and ML. The country boasts talented data scientists, researchers and engineers who are actively working on cutting-edge AI technologies.


With the increasing reliance on technology, cybersecurity has become a critical area of focus for Armenian IT companies. They specialize in every aspect of cybersecurity solutions.


The country has witnessed the emergence of innovative fintech startups, offering services such as online banking, digital payment solutions, peer-to-peer lending and blockchain technology.

Gaming and Animation

Armenia has a growing gaming and animation industry. The country has talented game developers, designers and animators who have been involved in the creation of successful international projects.


Sector Overview


annual growth

$ 1 bln

output of ICT


people in ICT

Free Economic Zones

Armenia's free economic zones offer a business-friendly environment with tax incentives and streamlined regulations, attracting investors and boosting the country's economy.

jpeg-optimizer_Screenshot 2023-07-07 180929

Sectoral Guides

Invest in Armenia's Information Technologies 2022