One of the leaders in business management software, Germany-headquartered SAP company sees good potential of Armenian IT market.

“Armenian IT market operates about 130-150 mln euro, mostly being the production for export. However, development forecasts are surprising, being 30% against Russia’s 17%, for example,” SAP Managing Director CIS Vladimir Martynov during a business forum in Yerevan.

Martynov also noted that low labor productivity is among the main problems in Armenia like in other countries.

“SAP can catalyze development of the market in any country the company enters. We believe that it’s time for Armenia accelerate development rates,” he said.