Worldwide spending on digital transformation technologies is projected to be more than $1.3 trillion in the near future.
Over the past 5 years, Azerbaijan made significant progress in improving its business environment and fostering SME development. The country’s oil-focused economy is being diversified by creating new digital and tech advanced opportunities within the agriculture, construction, education, industry, tourism and ICT sectors.
Sector is growing rapidly, including in Azerbaijan
The digitization in our day-to-day activities has been revolutionized by the 4IR Technologies. Based on Gartner’s Forecast database, it was expected that there will be approximately 14 billion devices connected to the internet by 2022. It is estimated that the investment in IoT solutions only by international companies will exceed $70 billion in nearest.
Azerbaijan, which has experienced impressive economic growth over the past two decades, is home to a friendly and hospitable business environment, one that welcomes and encourages foreign direct investment (FDI).