Xəbərin BaşlığıTelcom market of Azerbaijan survives the global financial crisis relatively painlessly
The information technology market of Azerbaijan has survived the global financial crisis much less painfully than in Kazakhstan, IDC reported.
According to information, today the market as a whole has recovered and reached the volume of the pre-crisis period.
Company considers a 25-30 per cent annual growth in the ICT sector of Azerbaijan as being a reality.
"IT markets are growing much faster than GDP. If GDP growth slows or decreases, the IT markets react to it quickly.
In Kazakhstan, for example, before the crisis we have seen an increase on average by 30 per cent. In 2008-2009, we saw the reduction of the IT market by 50 per cent, although the GDP didn't decrease. Economic growth continued by two or three per cent, but despite this, the IT market decreased," according to company.
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