ICT sector grows to $436 million. Software market up 18 percent

The information and communication technology (ICT) market is expected to grow to $436.2 million in 2016, up 14 percent compared with 2014, according to a recent report published by the Investment Development Authority of Lebanon.

The report, 'Investment Opportunities in the ICT Sector-2016', shows that hardware sales are estimated to have grown 12 percent to $262 million during the period 2014-2016. Hardware sales account for 60 percent of the ICT market, down from 62 percent in 2014.
Article details