Yerevan included in world’s Top 10 Cities For Tech Career list by Enterprise Times

Yerevan1

Enterprise Times, British online platform covering business technology news, has included Yerevan, the Armenian capital, in its 10 Best Cities for Tech Career Opportunities list.

Yerevan is ranked 4th in the top 10 list, titled “Yerevan – Silicon Mountains”.

“Research shows that by 2025, the need for programmers in Armenia will have tripled to 30,000. This is largely due to the ever-increasing innovation in their tech sector. A sector that is growing at an annual rate of 20% and shows no signs of slowing down. If you haven’t considered a move to the country previously, it’s worth considering. Cost of living is very low, crime rates are low and culture is in abundance. Currently the main speaking languages are Armenian & Russian but the English language is becoming more and more popular”, Enterprise Times said in the article.

The top 10 cities for a tech career, according to Enterprise Times, are:

  1. San Francisco
  2. New York
  3. Austin
  4. Yerevan
  5. Singapore
  6. Melbourne
  7. London
  8. Stockholm
  9. Bangalore
  10. Toronto

“If you work in Tech, you’ll know it’s one of the fastest growing industries. Digital jobs are fast becoming a necessity for strong growth and the professionals that work within this field are becoming highly sought after.  As these opportunities continue to grow – so do the cities that house them. To understand the cities we’ve looked at the companies that are already home amongst their tech district, the opportunities for start ups and the growth and employment opportunities within them.

So if you are looking to relocate, take a look at this list highlighting the 10 best cities offering tech career opportunities right now”, Enterprise Times said in the article.

Like previously mentioned on Develop Armenia page, the information technologies sector currently employs 15,350 people and is worth 765.1 million USD. The tech sector by itself, excluding internet services, employs 9,057 people and is worth 612.7 million USD, nearly six percent of GDP. The sector is projected to maintain its 23 percent annual growth rate which it has averaged over the past decade and become a billion dollar industry by 2020, forming nearly ten percent of the economy, and close in on the mining industry as Armenia’s number one source of exports.

To conclude, Armenia is facing a historic opportunity, where decades of development can be achieved in a much shorter span of time. This is an opportunity to bring to reality our centuries old dream of a powerful and prosperous nation. However there are a plethora of challenges that threaten to hinder this unique opportunity, and the collective efforts of our nation and every single one of its members must be harnessed and directed into addressing those challenges in order for our us to be able to make most of this opportunity.