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IT in Armenia

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Population

2,8+ Million

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Timezone

UTC+4

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Market size

3000+ IT companies

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IT-specialists

20 000+ developers

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New specialists

+2 000 for 2024 year

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IT-sector revenue

1+ Billions of dollars

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English

50% have basic level

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Work-model

Office, Hybrid

Key benefits of Armenia developers

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Growing talent pool

Remarkable IT-market annual growth rate of over 20%, underscoring its dynamic nature.

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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.

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Government support

Armenia’s government actively supports IT sector through policies, strategies, and initiatives.

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Global connectivity

Strong diaspora networks, relationships with international companies and partners.

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Cultural Exchange

Influx of Ukrainian specialists fosters a cross-cultural exchange, propelling Armenia into a thriving hub.

Top 10 Armenian IT specializations in 2024

30
15
0
13.5%
QA
11.5%
Data Scientist
13.8%
Back-end developer
10.5%
UI UX
5.5%
DevOps
2.5%
Java Script
4.5%
Tech lead/CTO
3%
С#
2.5%
Node Js
2%
PHP
2%
Full Stack
1.5%
Java
The statistics was collected for the First Quarter of 2024

The largest IT regions of Armenia

The largest IT regions of Armenia

Yerevan

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.

Companies:+90%
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*The statistics was collected for the First Quarter of 2024

“Happy about the meeting with Romа and YozmaTech”

“I have great confidence in the company’s recruitment capabilities, both in terms of professionalism and quality and in terms of time to hire.”

  • Over 30 employees hired with YozmaTech.

Ido Yaakov
Founder & CEO

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.

Latest closed positions for FinTech

Angular
DevOps
UX | UI
QA Automative
Product manager

Compare Armenian and Israeli developers

Criteria

ukraine flag circle Ukraine
israel flag circle Israel
armenia flag cirlce Armenia

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

Show full table

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 flag circle

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 flag circle

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 flag cirlce

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.

Other countries

ukraine flag circle Ukraine

One of the largest and fastest-growing IT markets in Eastern Europe, with experienced, highly qualified specialists at affordable rates, low taxes for Employees and Companies.

Ecosystem size
300 000
Market size:
$3B+
ukraine flag circle Ukraine

Want to hire developers from Ukraine?

argentina flag circle Argentina

One of the primary IT regions in Latin America, boasting numerous IT universities, quality specialists with affordable rates, and a thriving remote culture.

Ecosystem size
120 000
Market size:
$0.5B+
argentina flag circle Argentina

Want to hire developers from Argentina?

bulgaria flag circle Bulgaria

The largest Balkan IT leader, actively attracting foreign investment, with low taxes and salaries by European standards, as well as a high level of digitalization

Ecosystem size
70 000
Market size:
$0.3B+
bulgaria flag circle Bulgaria

Want to hire developers from Bulgaria?

india flag circle India

The largest country, with the highest number of cheap IT specialists worldwide, among whom you can find the optimal developers and non-technical specialists for your project.

Ecosystem size
4 800 000
Market size:
$27B+
india flag circle India

Want to hire developers from India?

philippines flag circle Philippines

Asia’s IT powerhouse, boasting a wealth of English native specialists seamlessly integrated into global IT-giants, with no Western cultural gaps.

Ecosystem size
1 300 000
Market size:
$38B+
philippines flag circle Philippines

Want to hire developers from the Philippines?

portugal flag circle Portugal

One of the most popular countries for remote IT specialists, with top universities, minimal bureaucracy in business operations, and active government support.

Ecosystem size
100 000
Market size:
$2,5B+
portugal flag circle Portugal

Want to hire developers from Portugal?

poland flag circle Poland

The TOP-3 region in Europe by number of specialists, featuring major IT cities serving as home for international giants, abundant in universities and IT hubs.

Ecosystem size
493 000
Market size:
$8,5B+
poland flag circle Poland

Want to hire developers from Poland?

romania flag circle Romania

Large Eastern European IT market, with strong multilingual specialists from international companies and a high level of country digitization.

Ecosystem size
200 000
Market size:
$3B+
romania flag circle Romania

Want to hire developers from Romania?

serbia flag circle Serbia

Small country with a high concentration of IT specialists, hubs, and offices of international companies, as well as comfortable conditions for IT business.

Ecosystem size
48 000
Market size:
$0.9B+
serbia flag circle Serbia

Want to hire developers from Serbia?

israel flag circle Israel

Renowned as the “Startup Nation,” Israel boasts over 180,000 IT specialists with a proactive mindset, and expertise in R&D, Israeli developers are ideal for innovative global projects.

Ecosystem size
180,000
Market size:
+16$B
israel flag circle Israel

Want to hire developers from Israel?

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