Current studies on model analysis of the relationship between innovation and the growth of industry in developing countries at the macro- and micro-levels to date have shown that there are two methods of the development of innovation systems. The first method involves international technology transfer, including the strategy of borrowing new technologies through importation of innovative technologies. The second method involves fostering of the domestic innovation, scientific and technological potential, which is an important factor in the development and growth of the economy, especially when the country is at the technological frontier. However, these studies in the field of analysis of the development of businesses & industries, and modeling effective ways of their development do not consider the specifics of the innovative business strategies, accordingly, do not cover the problem of mathematical modeling of the impact of economic conditions on performance indicators of enterprises, which are using different innovative strategies. This article analyzes the impact of concentration of the industry, state support, foreign direct investment and learning abilities of the staff on the companies, which either import innovative technologies or produce their own new technologies in the field of ICT. The analysis of the significance of these factors for companies utilizing different innovative business strategies was based on Pearson correlation coefficients. This article attempts to analyze the process of technological development in the developing countries by assessing the impact of internal and external factors on the companies, utilizing strategies of borrowing/importation of innovative technologies or producing them, based on the analysis and modeling of statistical data of the ICT industry. The analysis showed that most of the companies in the industry are using the strategy of borrowing/importation of new technologies. The key factors affecting the companies that utilize this strategy include the level of concentration of the industry, the amount of foreign direct investment and state support. The findings led to a number of conclusions about the effectiveness of the state management of the development of industry sectors.