Analysis of Lebanon’s ICT Sector

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In the last five years, the Information and Communication Technology (ICT) sector in Lebanon has witnessed a giant leap in terms of development and expansion. This growth is reflected in a booming tech community, placing Lebanon among evolving ICT markets in the region. Several factors have driven the expansion of the ICT market including: rising incomes, falling device prices, enhancements to infrastructure, as well as enterprises and public sector modernization. As such, Lebanon’s ICT sector has grown by an average annual rate of 7.7% over the period 2008-2013, reaching a market size of USD 364 million in 2013. In fact, Lebanon’s ICT sector has benefited from recent investments in infrastructure and networks, expanding broadband capacity, increasing internet speed, and the young and skilled labor force that brought to the ICT market various successful entrepreneurial initiatives.

 

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