The market is expected to register a strong growth of 7.2% in its CAGR during the projected period to reach USD 8,628.2 million by 2020. Both the IT software and services segments made considerable contribution to the overall growth of Russian IT market in the European region.
Increased e-government and e-banking initiatives by governments and banks are some of the prominent factors driving the demand for IT software and services in Russia.
Also, introduction of new technologies for enterprise mobility and big data analytics by key players such as IBM, SAP and IBM are expected to boost the market growth, thereby increasing competitiveness in the market.
The banking, communication, media and entertainment, and manufacturing sectors owe a significant contribution to the Russian IT software and services market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Key IT trends, development and technology adoption in Russia and across all the verticals
Market value and forecast by IT software & services, and verticals
Relative market attractiveness by verticals and position of IT software and services providers by industry presence and product portfolio
Russian IT software and service provider landscape and recommendations for market players
Principal Consultant
Competitive landscape of key players, such as Microsoft Corporation, Oracle Corporation, SAP SE, IBM Corporation, IBS Group, Hewlett-Packard Company, LANIT Group, Compulink Group, Asteros and I-Teco inRussian IT software and services market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The Russian IT software and services market is predicted to grow at 7.2% CAGR through 2032.
Increased e-government and e-banking initiatives by governments drives the Russian IT software and services.
The Russian IT software and services market is expected to surpass USD 19.81 Billion by 2032.
The Russian IT software and services market size is anticipated to be over USD 9.88 Billion in 2022.
1. An Overview of Economy 1.1. Russian Economy Overview 1.2. Russian Economy PESTEL Analysis 2. An Overview of IT Market in Russia 2.1. Russian IT Market Drivers & Restraints 2.2. Y-o-Y Growth Comparison: Russia Vs. Global IT Software & Services Market, 2013 to 2020 (%) 3. Russian IT Market Value Forecast (USD Million) and Y-o-Y Growth (%), 2013 to 2020 3.1. Russian IT Market Analysis by Type 3.2. Russian Software & Services Market Analysis by Type 4. An Overview of IT Market in Russia by Verticals 4.1. Russia Vs. Global IT Market CAGR, by Type, 2014 to 2020 (%) 4.2. IT Spending to GVA, by Verticals, (%) 4.3. Overall Trends Analysis by Verticals 4.4. Potential Clients by Verticals 5. Major IT Topics in Russia 5.1. Major IT Technologies Implementation Scenario in Russia 5.2. Future Roadmap 5.3. Russian IT Market Relative Market Attractiveness in Russian IT Market, by Verticals, 2013 5.4. Verticals Maturity Level Analysis Over Different Time Period 6. Key Market Outlooks 7. Competitive Landscape 7.1. Key IT Software Providers in Russia 7.2. Key IT Services Providers in Russia
Explore Technology Insights
View Reports
Russian IT Software and Services Market
