Iran ICT market

History

2024: ICT market growth to $24.65 billion

In 2024, spending on the ICT market Iran amounted to $24.65 billion. This sector is showing steady positive dynamics, as stated in the Mordor Intelligence review, which TAdviser was reviewed in early March 2025.

The authors of the study note that Iran seeks to strengthen its digital economy and expand ties with other states, in particular, with the Gulf countries. Iran is rapidly developing a startup ecosystem, with more than 5,000 young companies operating in the country, many of which focus on e-commerce, fintech and other digital services.

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Фото: Unsplash

In Iran, the level of Internet penetration continues to grow. Due to the high share of the young population (more than 60% of the country's citizens under 35), the demand for modern digital services is rapidly increasing. Increased attention is paid to the means of artificial intelligence and machine learning. Iran creates technology parks and special economic zones in order to attract international producers. For example, the Iranian Science and Technology Park in Tehran focuses on biotechnology, nanotechnology and renewable energy. Iran is also strengthening ties with India, focusing on energy trade.

According to the report of the Ministry of Information and Communication Technologies of Iran, the country's digital economy is growing at an average of 35% per year and by the end of 2025 will reach a value of $100 billion. At the same time, expenses in the ICT region may amount to about $25.58 billion. Mordor Intelligence analysts believe that in the future, the CAGR in the Iranian ICT market will be at the level of 3.78%. As a result, by 2029, costs may increase to $29.67 billion.^[1]

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