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ICT sector is the fastest growing sector, with growth rate 47% in the last 5 years. The ICT sector benefits from a skilled and cost effective workforce with excellent English language skills, solid telecommunications infrastructure, low corporate tax, quality software and IT services, superior technical and business know-how at competitive prices. ICT representatives expect the sector will continue to grow.
The total ICT market value (total revenue) in North Macedonia was an estimated €779.703.458 in 2017, while €862.342.656 in 2018 with a yearly growth of 10%. Hardware is the largest segment (62 percent) of the Macedonian ICT market. ICT services are the second largest segment (25 percent), and software comprises 13 percent of the ICT market.
Investment by the government and telecommunication companies in IT, decrease in the price of IT equipment and decrease in VAT for the equipment.
The number of the employees in ICT sector in 2017 is 13.514, while 14.541 in 2018 with a yearly growth of 7,1%. The average income per employee that refers to all sectors is €15.317, and when it comes to the average income per employee that refers for ICT sector is €59.304. A software engineer with 1 to 2 years’ experience costs from €500 to €600 net per month.
The export that refers to the computer and information services is estimated €127,8 million in 2017, while €160 million in 2018 with a yearly growth of 25%. The gross salary of the employees for computer programming, consulting and related activities in October 2019 is €1507, while the net salary is €990.
Many large ICT companies, such as Microsoft, Cisco, Oracle, Dell, Compaq, Hewlett Packard, IBM, Sun Microsystems, Apple, and Lotus, are present in North Macedonia via branch offices, distributors, dealers, resellers, solution providers, and business partners.
*Official data are gathered by the MASIT (1 page presentation) and the official presentation by the Agency for Foreign Investments and Export promotion.