Study: Azeri IT sector will outrun energy sector in 10 years

Study: Azeri IT sector will outrun energy sector in 10 years
# 05 May 2009 16:31 (UTC +04:00)
Baku. Aynur Veliyeva - APA-Economics. Azerbaijan’s IT sector will soon go beyond the energy sector in terms of revenue, said a study by Cnews.

According to the study, the country’s ICT sector is only second to the energy sector for growth rate now.

According to the survey, Azerbaijan enjoys 30-35% annual growth in the ICT during recent years.

For example, IT firms sector earned U.S. $1 205.6 million in 2008, the fast-growing revenues will exceed the energy sector in 2018-2020, said the study.

According to the study, Azerbaijan prioritizes the use of information technology in the public sector through various programmes.

Besides, the introduction of NGN technology has been intensified, said the study.

Cellular service market is one of the most attractive sectors for investment and is also growing rapidly in Azerbaijan.
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