The size of Turkey’s information and communication technologies (ICT) market reached 266 billion Turkish liras (US$29.9 billion) in 2021, according to the Association of Informatics Industries (TÜBİSAD).
The ICT industry grew 36 percent last year from 2020, surpassing the original growth forecast of 10 percent, the latest edition of the association’s annual report reveals.
The sector’s market size was 189 billion liras last year, and the industry is expected to grow around 10 percent in 2022, according to the report.
Exchange rate changes and the IT software contributed 19 billion liras and 18.5 billion liras respectively to the sector’s market growth.
The country’s ICT industry grew at an average of 23 percent per year between 2017 and 2011, the report said, noting that the highest expansion over the period was last year.
The information technologies sector grew by an average of 29 percent over the same period, while communications technologies grew by 19 percent.
Last year, the share of information technologies was 114.5 billion lire, or 29 percent in the entire industry, while communication technologies accounted for 120.1 billion lire of the total size of the sector.
Within the information technologies sector, the software and hardware categories accounted for the largest shares with 51 billion lire and 43.5 billion lire respectively. In the communications sector, the size of electronic communications and equipment categories was 92.4 billion liras and 59.1 billion liras, respectively.
In 2017, the market size of local ICT industry was 113.8 billion liras, increasing to 152.9 billion liras in 2019.
The report also showed that in terms of product origin, the weight of domestic products was highest in the IT software category at 76 percent, followed by IT services at 69 percent.
The weight of domestic products was 26 percent in the IT hardware categories and 16 percent in the communication technology device categories.
According to the report, the exports of the ICT industry increased by 58 percent to 17.5 billion last year from 2020.
IT software accounted for the largest share of the industry’s total exports at 14.8 billion liras, followed by communications equipment at 1.02 billion liras.
Exports of hardware and IT services totaled 1 billion lire and 619 million lire respectively last year.
The number of technoparks (technology development zones) in Turkey increased from 87 in 2021 to 92 in March 2022, according to the report, with the number of companies operating in these zones increasing by 23 percent from 6,267 to 7,707.
Technoparks’ revenue soared 149 percent to 51.8 billion liras this year compared to 2021, and their export earnings rose 73 percent to 13.3 billion liras.
More than 79,000 people were employed in Technoparks in March this year, 23 percent more than in 2021.