Friday, October 13, 2017

ICT market grows to $436 million. Future expectations are promising


The size of the Information and Communication Technology (ICT) market reached $436 million last year after growing at a Compounded Annual Growth Rate (CAGR) of seven percent over the period 2014-2016, according to the Information Technology Factsheet released by the Investment Development Authority of Lebanon (IDAL).

The ICT market is expected to grow at a CAGR of 9.7 percent over the period 2017-2019.

The factors contributing to the growth of the ICT sector are rising income, decl...

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