IT / Gaming
Information technology and gaming are among the fastest growing sectors of the Icelandic economy. IT exports from Iceland have grown over 60-fold since the early nineties, while the young Icelandic gaming industry is rapidly expanding. This phenomenal growth is primarily due to the high standard of education, increasing access to capital markets, the country's international outlook, and a proven talent for innovation.
Iceland's IT sector spans all areas of the digital economy. In the last decade it has spawned an impressive array of export-driven IT companies. Data management systems, workflow systems, communications solutions, wireless data systems, Internet solutions, e-commerce content and solutions, healthcare solutions and of course fisheries technology systems are all exported to overseas markets. Icelandic gaming companies develop games for foreign markets, and have become a substantial contributor to the Icelandic economy.
Iceland is a highly competitive location for operation of Data Centres. Iceland has specialized in storage and disaster recovery for foreign companies offering a unique low-cost location for large International Data Centres low corporate tax and highly skilled IT labour.
Iceland has built up a large-scale infrastructure that is very well-suited to meeting the new technological requirements of enterprises. This infrastructure has undoubtedly served as a major support for fast growth in the ICT industry and the fast adoption of technological solutions throughout society.