The panorama of Armenia’s IT sector has changed

As of July 2022, there are 2195 enterprises (individual entrepreneurs, LLC, CJSC) represented in the RA IT services sector, of which 788 have 1 employee (including those individual entrepreneurs who do not have hired employees).

Due to the Russian-Ukrainian war, many companies have moved from Russia to Armenia, in particular, 5 of the 20 largest employers in the field of IT services in Armenia are such companies.

Note: IT services sector includes enterprises that carry out their business activity under the following classifiers: J58.2, J62, and J63.1, and the total share of one or more of these activities in the total turnover of the enterprise is greater than 50%. For that reason, companies like SoftConstruct and Digitain are not included in this list.