Global Market Research Company US Iran IT Services Market Forecast and Opportunities | Page 8

Industry Brief
Demand for IT Consulting Services in Iran Growing at 10% CAGR
According to TechSci Research report, “Iran IT Services Market By Type, By Region, Competition Forecast &
Opportunities, 2012-2022’’, Iran IT services market is witnessing a revival after the country’s nuclear deal with the US
and and other P5 countries that include China, France, Germany, Russia and the UK. This deal has resulted in resolution of
trade sanctions on Iran, thereby creating potential growth opportunities in Iran IT services market. In 2013, the US had
removed the sanction on Iran, that restricted export of consumer electronics devices, including computers, smartphones,
etc., communication services and software to Iran. Additionally, increasing efforts by the Government of Iran to increase
the contribution of its Information, Technology & Communication (ICT) sector to the country’s GDP, under its 6th National
Development Plan (2016-2021), is expected to have a huge positive impact on the IT services market in Iran.
Iran IT services market is broadly segmented into IT Captive Management Services, IT Telecom (Application Software
Services), IT Infrastructure Services, and IT Product Development Services. IT Captive Management Services had
dominated Iran IT services market in 2016 and the segment is expected to continue its market dominance during the
forecast period as well on account of rising government focus on ICT sector and growing demand for software
development services, IT support services, IT consulting services, etc.
“Increasing smartphone and internet penetration is enabling Iranian IT companies to digitalize their business processes,
thereby creating an opportunity for IT service providers to offer their services to companies across different business
verticals. In addition, rising popularity of web services and software solutions is further encouraging the use of IT services,
thereby driving the country’s IT services market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
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TechSci Research