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Introduction

The market is expected to register a strong growth of 7.2% in its CAGR during the projected period to reach US$ 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.

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In this study, we analyse the Russian IT software and services market between 2013 and 2020. We focus on:

  • 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
Sudip Saha
Sudip Saha

Principal Consultant

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Examples of Key Companies

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.

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Frequently Asked Questions

How is the Russian IT Software and Services Market Growing?

The Russian IT software and services market is predicted to grow at 7.2% CAGR through 2032.

What Drives the Russian IT Software and Services Market?

Increased e-government and e-banking initiatives by governments drives the Russian IT software and services.

What is the Future Scope of Growth for the Russian IT Software and Services Market?

The Russian IT software and services market is expected to surpass US$ 19.81 Bn by 2032.

What is the Current Russian IT Software and Services Market Size?

The Russian IT software and services market size is anticipated to be over US$ 9.88 Bn in 2022.

Table of Content

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 V.s. Global IT Software & Services Market, 2013 – 2020 (%)

3. Russian IT Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2013 – 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 V.s. Global IT Market CAGR, by Type, 2014 - 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

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