Technological Transformation: Economy and Trends

Digital Mongolia: Towards a Tech-Driven Future

Mongolia is also embracing digital technologies aggressively in an effort to diversify the economy and de-risk dependence on the extractive industry. Among the many world-changing innovations, the bizbet app has been on the rise with users who are keen on sporting activities and analysis. As a result, the demand for locally made digital products continues to rise steadily, accompanied by a vast upsurge in requests for the bizbet app download. This is an indication of the country accepting new digital devices to bridge its people.

Tech News And Major Events

Mongolia developed significantly in terms of constructing its digital infrastructure in 2024. The establishment of the Ministry of Digital Development and Communications in 2022 was a significant step towards the formation of a "digital nation". The e-Mongolia program made it possible for the people to access over 800 government services via the internet, promoting the transparency and efficiency of public administration.

In addition, in 2023, Mongolia signed an agreement with Google to supply 20,000 Chromebooks to schools and carry out education campaigns and scholarships to enhance digital literacy among the population.

The Impact of Technology on Mongolia’s Economy

Expanding the technology sector is advantageous to the country's economy. Statista foresees the IT services market in Mongolia had a value of US$124.2 million in 2024 and will increase with a compound annual rate of 5.08% up to 2029. The software sector is expanding fast with an anticipated market size of US$214.2 million in 2024 and growth rate of 8.62% per annum.

But still, despite the auspicious trends, Mongolia is faced with a string of challenges from establishing digital infrastructure to improving technology professionals' skills. The World Bank report stresses the necessity to maintain reforms that diversify the economy and establish resilience to external shocks.

Mongolia Tech Industry Statistics and Trends

Let's discuss some of the key digital trends and technologies in Mongolia up to 2025:

• Internet Penetration: 83.0% of the population was penetrated by the internet at the beginning of 2025.

• Mobile Connections: 5.13 million connections, 147.8% of the population.

• Smart Cities: Smart city market will be worth $9.26 million in 2024 with a CAGR growth rate of 10.29%.

• Industrial IoT: Market will be worth $30.66 million in 2024 with a CAGR growth rate of 12.26%.

• High-Tech Exports: High-technology products accounted for a 30.81% contribution in manufacturing exports in 2022.

These figures strongly reflect that Mongolia is highly focused on digital transformation and innovation in all sectors, paving the way for future development and growth.

Education and International Cooperation

Mongolia lays special stress on developing human resources for the digital era. The country's universities and colleges collaborate with international educational institutions to provide students with access to the latest knowledge and skills.

Special attention is paid to the building of focused courses on mobile application development, UX/UI design, cybersecurity, and big data analysis, with the goal that a new generation of experts will be trained to operate in the global digital economy and develop their own products.

Global cooperation facilitates the sharing of experience and adoption of best practices globally, as well as presenting an investment attraction platform and increasing Mongolia's global technology role. 

Future and Prospects

Mongolia is demonstrating its intention towards digital transformation through actively developing its technology sector and adopting innovative solutions. Application proves the capability of local developers and growing user demand.

Despite the existing challenges, the country is developing sustainably technologically, and new horizons are coming for the economy and society. Mongolia is already searching for partners to implement the most modern technologies and investments, and the state and private sectors cooperate to build the startup space. It will not only drive economic growth but also increase the level of living, offering unique opportunities for generations ahead.