Iraq’s economy is gradually picking up following the serious economic challenges of the last five years. However, a lack of infrastructure and public spending devoted to the tech sector development has left the burden of investment in this sector to private companies. To encourage tech industry development, the government could take a first step by having clear policies and regulations guiding the sector, as well as a system to avoid monopolies, patent rights and legal protection against copying, as well as business-friendly tax rates. Currently, telecommunications, online shopping, trading and electronic services, and smartphone applications are some of the common tech businesses operating in the country, to name a few.  

A wide range of customers benefit from these services, including individuals, businesses, private companies, non-governmental organizations, banks and government institutions. Telecommunication is the tech business category receiving the biggest portion of private investment, followed by trading services and internet services. There are not many such tech businesses, however, and with growing access to internet, demand for goods and services delivered using tech-solutions represents a potentially large market.