Duration of assignment: 6 months
Narrative description of Project:
The analysis included market mapping of the Information and Communication Technology Sector of Armenia to identify:
- the role of ICT sector for Armenian economy, domestic market and exports, contribution to the economic development
- place of main Armenian ICT sector companies in global value chains
- current profile of the ICT sector of Armenia, including key strengths and weaknesses
- current trends and future prospects of the sector
- market size, available products and services, entry barriers
- key players and their products and services
- main target markets and specifics of those
- current situation in regards to access to finance, usual financial instruments applied
- legal and regulatory framework, the Government support programs and other incentives to the industry players
- country-level and sector-level cyber risks
- ICT workforce structure and specifics
- implications on the sector (both threats and opportunities) coming from recent geopolitical changes worldwide and in the region.
The assessment also included a high-level overview of sector’s potential financing needs.