ICT revenues may reach $9bn by 2020
By 2020, revenues from information and communication technologies sector may reach $8-$9 billion compared to $1.7 billion in 2011, Azerbaijani Communications and Information Technologies Minister Ali Abbasov said addressing international conference "Azerbaijan 2020: Look into the Future" on Monday.
Abbasov said that annual growth rate of the sector should hit 20 percent in order to achieve the set goal.
"The results of 10 months of 2012 allow to say that 20-percent growth rate of the ICT sector will be achieved this year. During the 2009-2011 global crisis, annual growth rate of the sector was 14-15 percent," he said.
Volume of investments in the ICT sector in Azerbaijan will be $1.3 billion in the near future, Abbasov said.
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