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What is the scenario of the IT service market in Mongolia?

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The presence of the IT service market in Mongolia as compared to other Asian countries is quite small. But the country is taking steps to develop its IT industry and infrastructure.

The current technologies adopted in Mongolia are:

  • Cloud computing: Manifold investments are made in cloud computing infrastructure for improving the availability and accessibility of IT services. It allows businesses and organizations to access data and applications from anywhere with an internet connection.
  • Mobile Technologies: There is a rapidly growing mobile market, and mobile technologies are increasingly important in the country. Mobile technologies such as smartphones, mobile apps, and mobile internet access make it easier for people to access information and communicate with each other.
  • Internet of Things (IoT): The Mongolian government is also investing heavily in IoT infrastructure and working on developing new IoT applications and services.
  • E-Government: Mongolia is working on implementing e-government services, allowing citizens to access government services online. This includes online registrations, online payments, and online communication with government agencies.
  • Cybersecurity: The increased use of digital technologies has led to cybersecurity becoming an important concern in Mongolia. Important steps have been taken by the government to improve the country‚Äôs cybersecurity infrastructure and educate citizens about safe online practices.

The Mongolian government is working hard to promote the development of the IT industry by providing funding and supporting the companies working in the field.

Source: Nikkei Asia, Statista, Market Research

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