IT in Armenia
2,8+ Million
UTC+4
3000+ IT companies
20 000+ developers
+2 000 for 2024 year
1+ Billions of dollars
50% have basic level
Office, Hybrid
Key benefits of Armenia developers
Growing talent pool
Remarkable IT-market annual growth rate of over 20%, underscoring its dynamic nature.
One of the lowest salaries
The salaries of Armenian developers are lower than those of European developers and are at a similar level to those in other neighboring countries.
Government support
Armenia’s government actively supports IT sector through policies, strategies, and initiatives.
Global connectivity
Strong diaspora networks, relationships with international companies and partners.
Cultural Exchange
Influx of Ukrainian specialists fosters a cross-cultural exchange, propelling Armenia into a thriving hub.
Top 10 Armenian IT specializations in 2024
The largest IT regions of Armenia
The largest IT regions of Armenia
of all Armenian IT companies open their offices in capital.
The city’s IT ecosystem is characterized by a diverse range of companies, from startups to established enterprises, covering various domains such as software development, cybersecurity, and emerging technologies.
Yerevan’s strategic geographical location, at the crossroads of Europe and Asia, positions it as an ideal gateway for international collaboration and business partnerships.
In summary, Yerevan’s status as the IT capital of Armenia is underpinned by its skilled workforce, supportive infrastructure, and a thriving ecosystem that collectively contribute to its emergence as a key player in the global technology landscape.
Elevate your business with YozmaTech's expertise.
- Consultation for launching, fortifying, or advancing your project.
- Identifying crucial areas for growth.
- Streamlining recruitment processes.
- Hiring top-tier Armenian developers.
- Ongoing support for your hired talent.
Compare Armenian and Israeli developers
Criteria
Number of companies
7,000
9,000
3,000
Number of specialists
300,000
180,000
20,000
Average salaries
Middle $$
Senior $$
Middle $$$
Senior $$$
Middle $$
Senior $$
Top 5 specializations
1. React
2. JavaScript
3. Project Manager
4. Java
5. C#
1. JavaScript
2. Python
3. Java
4. C#
5. PhP
1. QA
2. Data Scientist
3. UI/UX
4. DevOps
5. JavaScript
Time to hire
Middle x days
Senior x days
Middle x days
Senior x days
Middle x days
Senior x days
Work model
Remote, Hybrid
Hybrid, Office
Remote, Hybrid
Employer taxes
$
$$$
$$
IT sector revenue
3+ Billions of dollars
16+ Billions of dollars
8,5+ Billions of dollars
Number of specialists
Number of specialists
Average salaries
Average salaries
Top 5 specializations
Top 5 specializations
Time to hire
Time to hire
Work model
Work model
Employer taxes
Employer taxes
IT sector revenue
IT sector revenue
Ukraine
Number of specialists
7,000
Average salaries
300,000
Top 5 specializations
Middle $$
Senior $$
Time to hire
1. React
2. JavaScript
3. Project Manager
4. Java
5. C#
Work model
Middle x days
Senior x days
Employer taxes
Remote, Hybrid
IT sector revenue
$
Israel
Number of specialists
9,000
Average salaries
180,000
Top 5 specializations
Middle $$$
Senior $$$
Time to hire
1. JavaScript
2. Python
3. Java
4. C#
5. PhP
Work model
Middle x days
Senior x days
Employer taxes
Hybrid, Office
IT sector revenue
$$$
Armenia
Number of specialists
3,000
Average salaries
20,000
Top 5 specializations
Middle $$
Senior $$
Time to hire
1. QA
2. Data Scientist
3. UI/UX
4. DevOps
5. JavaScript
Work model
Middle x days
Senior x days
Employer taxes
Remote, Hybrid
IT sector revenue
$$
Questions and Answers
We’ve picked-up the most common questions here in the FAQ section. If you didn’t find the answer to your question feel free to:
How many developers are in Armenia?
As of 2024, Armenia is home to a robust community of IT software developers, boasting over 20,000 developers. In the past year alone, the industry has welcomed an additional 2,000 new specialists, showcasing the dynamic growth and continuous influx of talent into the Armenian IT sector. This trend underscores the country’s commitment to cultivating a thriving ecosystem for technological innovation and expertise.
How to hire developers in Armenia?
YozmaTech assists you in hiring top-tier developers in Armenia, customized to align with your technology stack and project specifications. Our approach is tailored and personalized, guaranteeing the selection of professionals possessing precise skills and experience essential for the success of your project.
What is the hourly rate for software developer in Armenia?
In Armenia, the hourly rates for software developers exhibit a diverse range influenced by factors such as experience, skills, location, and the specific technologies involved. On average, hourly rates may vary between $10 and $40 or even higher, with senior developers or those possessing specialized skills commanding elevated rates.
What taxes for IT companies in Armenia?
In Armenia, IT companies enjoy a competitive edge in taxation, with a corporate tax rate of just 10% applied to income earned abroad. This favorable rate positions Armenia as an attractive destination for IT businesses seeking to expand their global footprint. In contrast, the general corporate tax rate stands at 20%.
What are the most in-demand IT specializations in Armenia in 2024?
The most in-demand IT specializations in Armenia in 2024:
- QA (Quality Assurance): 13.5%
- Data Scientist: 11.5%
- UI/UX (User Interface/User Experience): 10.5%
- DevOps: 5.5%
- JavaScript: 3.5%
In the market, there is a higher demand for non-traditional developers, specifically professionals in analytics, design, and quality assurance. This shift underscores a growing emphasis on roles that contribute to analysis, user experience design, and ensuring product quality in the industry.