TECH/IT in Central Asia 2024 Predictions

Traditional annual forecast of the telegram channel @Devs_kz.

Russian-Kazakh Freedom Finance will acquire several more IT and telecom companies and infrastructure companies. The Russian Federation is the number 1 investor in Central (in Russian — middle) Asia. The trend will continue. At the first stages, locals will receive benefits from contracts from cooperation, at the second stage, when awareness comes, it will be too late.

The USA is the only country in the world with a 16% increase in Household income (from 2019 to 2023) with 3% inflation, all other countries are stagnating. The largest army and IT budgets in the Middle East — the Kingdom of Saudi Arabia has essentially become more capitalist. Emirates and Saudi will remain as a window to the west. Our fellow citizens who work in IT companies in Europe may return to Central Asia if stagnation and inflation continue from Europe and the Middle East. We will hear from at least 2 high-profile US startups created by founders from the target audience.

There will be more women startup founders and women in IT in general.

Our salaries will not grow much, another 3,000 graduates of IT universities and 4,000 graduates of IT schools will enter the market.

1,000 IT schools in Central Asia will begin to consolidate, there is too much investment in a too limited employer market.

More branches of Indian and Chinese IT companies will open in the region.

Reducing the cost of expensive services as AI is introduced into SMEs.

The empire will strike back, in terms of MAANG’s shares will rise. Although today, OpenAI the latter has technology superior to AI development of some MAANG companies.

Author: Askar Aituov