Armenia’s tech industry has been evolving at a quite predictable and stable pace for the last five years. And this pace might have continued or grown steadily if not for several groundbreaking historical (already historical) events we all witnessed.
In independent Armenia, the IT sector gained momentum again in the late 1990s, and most companies were founded in the 2000s. Initially, most of the products were made with the Outsourcing model․ In 2008-2009 the Outsourcing index decreased, giving way to Product Development.
