Information and Communication Technology

ICT

The ICT sector is the fastest-growing sector, with a growth rate of 71% in the last 3 years. The sector benefits from a skilled, affordable 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. 

The ICT industry has a huge potential in the growth and development of the Macedonian economy, and most companies specialized in “Software and IT services” are mainly export-oriented companies and have significant added value.

The total value of ICT exports has a 3.3% share in the total exports for 2019 of the country.

According to the projections for 2021, the share of exports in revenues will be 76% and is supported by the fact that most of the newly opened economically active companies are focused on foreign markets.

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.

*Source: MASIT https://masit.org.mk/

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