IT and Innovation

The Armenian IT industry experienced rapid growth throughout the last decade and has become one of the most dynamic and internationally competitive sectors of the Armenian economy.

However, the industry, growth of which was spurred mainly by cost-driven outsourcing ("branch outsourcing"), is currently facing maturity and significant competitive pressures, as the local salaries are approaching those of other low cost countries. This may push Armenia into the trap of losing to other destinations over the long-run.

EV considers innovation as one of the most important triggers of Armenia's competitiveness. Though Armenia's innovation metrics shows that it lags behind many comparator countries, targeted policies towards creating innovative clusters with attraction of technology-intensive FDI may boost its innovative capacity and increase competitiveness.

Explore our BRAINWORK

Engineering Design Sector Survey and Feasibility Study The study report includes definition of the sector, survey of managers of Armenian engineering companies and summary of their opinion, global analysis of the engineering services industry as well as the roadmap describing the sector’s potential in Armenia. The report is summarized by description of feasible strategy aspects of the sector’s development. Read the full report in Armenian>> Industry Growth Model of Armenian IT Sector The report assesses the key drivers of the industry, with possible growth scenarios until 2011. The quantitative assessments are based on econometric models and other analytical tools. Read the full report in English>>, Armenian>> Read the brief presentation of the report in Armenian>> Innovation and Competitiveness Presentation delivered at Microsoft Innovation Day on April 10, 2007. Read the presentation in Armenian>>