Country Partner Armenia
IT Sector in Armenia
Within the last 10 years, Information Technology became one of the most successful and fastest growing industries in Armenia, which makes the small Caucasus country one of the leading IT nations in the Middle East.
Armenia's technology sector has a long tradition, and after the country’s independence in 1991, the focus shifted from major manufacturing operations to the software and services segment. U.S. American corporations like Synopsis Inc. and LEDA Systems Inc. showed interest in Armenia very early, but also European firms like Lycos Europe have been present for more than a decade.
Today, the capital city Yerevan is a symbol for Armenia’s dynamic IT sector, with its high density of IT professionals and good infrastructure for business operations; the majority of local and foreign enterprises has settled here. Domestic companies not only take advantage of their position as an outsourcing location for software development, but also focus on producing and marketing their own software products and services.
The Armenian IT sphere’s main specializations include custom software development, chip design and testing, internet services, networking systems and communications, internet applications, e-commerce, financial software, IT consulting, and others. The Armenian IT sector offers a multitude of competent and innovative technology partners for German enterprises.
Outsourcing Destination Guide Armenia, 66 pages, 27 MB (web PDF)