The Revenues Of The It World Increased By 74 % (1)

The Revenues of the IT World Increased by 74 %

The revenues of companies entering the IT 500 ranking approached the limit of 400 billion Turkish Lira.

According to the initial data of “Turkey’s First 500 IT Companies Research – IT 500,” which is the most important reference source for the Turkish IT sector, the total revenue of companies entering the ranking in 2022 grew by 74% compared to 2021, reaching 372 billion Turkish Lira. 187 companies participating in the research showed growth of over 100%.

As the final stage of the “Turkey’s First 500 IT Companies Research – IT 500,” which is the most important reference source for the Turkish IT sector and conducted by M2S Research Company under the motto “Further in Our New Century,” approaches, the initial data has been announced. According to the research, which aims to project the performance of the IT world in 2022, the total revenue of companies entering the ranking in 2022 grew by 74% compared to 2021, reaching 372 billion Turkish Lira. The research included 89 new companies in 2022, with 187 of the ranked companies showing growth of over 100%. The highest growth, 501%, belonged to a software company. In the research, sectors such as finance, retail, and manufacturing continued to lead as the sectors making the highest technology investments.

The Revenues of the IT World Increased by 74 % (2)

Turkish software developers grew by 84%.

The growth in the category of “Turkish-Based Producer Software,” which holds an important place in the Turkish economy, reached 84%. This rate, which is close to the average growth of the companies included in the ranking, once again demonstrated that software is the driving force in the Turkish IT sector.

10% growth in terms of US dollars.

Evaluating the initial data obtained from the research, Özlem Unan, General Manager of M2S Research Company, stated that the revenues of companies included in the 2022 IT 500 ranking amounted to 22 billion dollars and said, “Revenues have decreased by 41% in terms of US dollars compared to 10 years ago. However, despite this observation, we see that the companies included in the 2022 ranking grew by an average of 10% in terms of US dollars. 165 companies in the ranking showed growth performance exceeding this average in terms of US dollars.”

Cloud, artificial intelligence, and cybersecurity investments shape the future of IT.

Özlem Unan, emphasizing that investments in artificial intelligence and the Internet of Things for productivity in business processes increased in 2022 and will continue to rise, said, “With the research we have been conducting for 24 years, we reveal the very important milestones that the IT sector has passed in almost a quarter of a century. Today, the importance of sustainability and digital transformation to facilitate operations is acknowledged by everyone in the new world order. With the digital transformation process accelerated by the global pandemic, we see that the future of the sector is built on investments in the Internet of Things, cloud, artificial intelligence, and, accordingly, data management and security.

We have now moved operations to a structure where we can expand them like the cloud, at any time we want, and use the latest technologies. While cloud technologies continue to grow, we are discussing sector-specific customized cloud solutions that comply with regulations.

The security of all these technologies and data is listed as the most important issue. As a result of this, cybersecurity solutions and services will continue to grow rapidly in the coming years,” she said.

Results to be announced on August 9th.

The results of “Turkey’s First 500 IT Companies Research – IT 500,” sponsored by KoçSistem this year, will be announced on August 9th at an award ceremony held in Istanbul, Fişekhane. At the ceremony, professionals who have spent 35 years in the industry will also be honored.


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