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Iran ICT Market Worth $3.3 Billion in 2018-19

Since President Hassan Rouhani was elected for his first term in 2013, Iran’s ICT market value has more than doubled
Iran ICT Market Worth $3.3 Billion in 2018-19Iran ICT Market Worth $3.3 Billion in 2018-19

The nominal market value of ICT-related services reached 400 trillion rials ($3.3 billion) in the fiscal 2018-19, marking a 110% growth in the first six years of President Hassan Rouhani’s term in office, the information and communications technologies minister said.
Addressing the 13th International Conference on Strategic Management held on Nov. 19-20 at Iran’s International Conference Center in Tehran, Mohammad Javad Azari Jahromi also said the ICT market was worth 400 trillion rials ($3.3 billion) in the Iranian year ending March 2019.
The figure indicates a twofold increase compared with 190 trillion rials ($1.5 billion) in 2013, IRNA reported.
The ICT minister emphasized that the growth was achieved despite the decline in industrial and agricultural sectors caused by US sanctions, calling on the government to employ up-to-date management strategies to further support the technology ecosystem.
Jahromi said the ministry is preparing a directive on government support for fledgling, smart enterprises in a push to facilitate their growth.
"We will soon send the draft to the Cabinet for ratification," he added.

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