IT Outsourcing to Russia Expected to Grow by 7%, says New Report

PRLog (Press Release) – Jan 18, 2008 – Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the Russian software exports are expected to make up for around 10% of the global software outsourcing industry (IT and Outsourcing) through 2010, 7% high from 2006, making the country the third largest outsourcing market.

“Russia IT and Outsourcing Industry Forecast to 2011” identifies Russia to be the future ITO centre as the country that has all the necessary forces, including a strong human capital and favourable tax regime.

The authors of the report note that Russians are generally associated with creativity, autonomy and problem-solving-oriented thinking. The report has tried to find out how these traits are giving the country’s ITO industry an edge, and compelling offshore investors to look at the country as the next outsourcing stop after India and China to establish their offshore development centres. Thus, more and more international investors are entering the country to set their base for outsourcing while the domestic companies have turned their attention on export market.

Moreover, Russia is geographically close to several countries, including Norway, Belarus, North Korea and Finland. The research report has counted the geographical proximity of the country in its favour and examined how similarities in time zones are helping the Russian software companies to give better services.

The study reports that the Russian government is working to make its ITO industry a success. The research report has thoroughly studied the initiatives taken by the Russian government to foster the development of the ITO industry.
Also, the Authors of the report say increasing foreign investment and government initiatives will help fuel the software exports from Russia in the future.

“Russia IT and Outsourcing Industry Forecast to 2011” gives a comprehensive overview of the ITO industry, including its past and current performance, IT spending, customised and packaged software market analysis, as well as opportunities and challenges for the industry.

“Russia IT and Outsourcing Industry Forecast to 2011” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/computing_electronics/service ...

Report Buyer product ID: RCS00189