Iran IT Market Worth $2.8b by 2020
Economy, Sci & Tech

Iran IT Market Worth $2.8b by 2020

As Iran moves away from biting western sanctions in 2016, international corporations are beginning to take note of the country's potentials in driving their profits.
Several international corporations have already made inroads into the country in recent years, even during sanctions, including Samsung, HTC and LG to name a few.
However, several other brands, including those from Europe and North America, are slowly turning their attention to the Iranian market where business opportunities have emerged. According to the report titled "Iran IT Services Market Forecast & Opportunities, 2020", the domestic IT services market is forecast to reach $2.8 billion by 2020.
Increasing IT spending and growing mobile penetration rates, coupled with easing economic sanctions, are boosting the country's IT services market.
In 2014, Tehran dominated IT services market in Iran, while IT services market in other cities also grew rapidly.
IT captive management services accounted for a lion's share in Iran's IT services market, followed by IT telecom, IT infrastructure services and IT product development segments.
This segmental trend is expected to continue through 2020, while the share of IT captive management services is expected to decline by 2020.

Short URL : http://goo.gl/xXSabF
  1. http://goo.gl/ATnXw3
  • http://goo.gl/2f39FE
  • http://goo.gl/b0J55b
  • http://goo.gl/vbdOZK
  • http://goo.gl/N1Xtqy

You can also read ...

Automotive Giants Hit  by Massive Data Breach
Security researcher UpGuard Cyber Risk disclosed Friday that...
Mindful of the risks inherent in starting a trade war with the US, the EU will probably not be able to provide Tehran with extensive support.
If it wants to keep the nuclear deal alive, the EU will need...
Travel Currency Policy Facing Revision
Confirming rumors of an imminent change in the Central Bank of...
Iranian Parliament Firm on Preventing FATF Blacklisting
Majlis Economic Commission, a major force in Iran's Parliament...
21% Rise in Non-Oil Trade With Afghanistan
Iran traded 1.58 million tons of non-oil commodities worth $...
Command Economy Taking Biggest Toll on Stocks
Bulls at Tehran stock market are exhausted, as bears keep...
Private Sector Lawsuit Against State Power Cuts
The private sector will file a complaint against the...
Secondary Forex Market Rates to Soar
The supply of currency to the Secondary Forex Market will...