Iran ICT Sector Striving for Bigger Share
Iran ICT Sector Striving for Bigger Share

Iran ICT Sector Striving for Bigger Share

Iran ICT Sector Striving for Bigger Share

The Iranian ICT market has grown three-fold since 2013 as new players enter the robust sector with an eye on digitization and a share of the gradually expanding market.

Progress in the industry and relevant data was announced by the Telecoms Minister Mahmoud Vaezi at a recent speech in Tehran.

He put the value of the domestic ICT market at 400 trillion rials ($10.5 billion) up from 130 trillion rials ($3.4 billion) in 2013, ICTNA reported.

“The value of the global ICT market is about $30 trillion...Iran’s share of this market should be in the region of $30 billion,” the minister said.

An estimated 16% of Iranians with higher education have majored in ICT, he added, and said the industry should be underpinned by a bigger pool of well educated and skilled tech experts.

 Industry Valuation

“By the end of the sixth economic development plan (2017 to 2022) the sector is estimated to be worth 1.2 quadrillion rials ($31.5 billion).”

The telco ministry says over the past five years almost 130,000 applications have been produced in the country. According to Vaezi, “96% of the applications offered on Cafe Bazaar — Iran’s most popular local Android app store — have been produced locally.”

He, however, did not reflect on the fact that the most popular application in Iran, the Telegram messaging app, is developed and owned by a Russian based in Germany.

Vaezi admitted that the bloated bureaucracy and red tape remains a barrier to the development of ICT in the country as is the case with other sectors. He called for reforms to improve and expand the ICT industry in the interest of national economic development by reducing government interference and giving private enterprise a bigger voice and space.

Short URL : https://goo.gl/hK7tVp
  1. https://goo.gl/FQT7VN
  • https://goo.gl/1X2COR
  • https://goo.gl/WxwB1Y
  • https://goo.gl/RyJxoh
  • https://goo.gl/vNUonq

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...

Add new comment

Read our comment policy before posting your viewpoints