Marketsmonitor Releases Report on Russia IT and Outsourcing Industry Forecast to 2011

PR Log (Press Release) – Nov 24, 2008 – According to “Russia IT and Outsourcing Industry Forecast to 2011”, a new research report by RNCOS, the Russian IT & outsourcing market has been growing at a rate of more than 20% since the past few years. The Russian IT hardware market, accounting for more than 50% of total IT spending, continues to dominate the total IT market. However, software spending has reported high growth rates compared to that of hardware and services spending over the recent past. Considering the future market potential, RNCOS believes that software spending will continue to lead the growth patterns in the IT industry during 2008 to 2012.

The Russian software and services market will be mainly driven by the country's emergence as an IT Outsourcing (ITO) center, thanks to its close proximity with Europe, similar time zone, and availability of high quality workforce at low cost. The ITO market is undergoing phased transformation and is progressive from nascent stage to the development stage. Investments are also being phased in from both the government and private sector. The Russian government is increasing its IT investments in order to expand and develop the IT infrastructure in the country. Private sector investments are concentrated into opening of new software development centers in the country and also towards the expansion of the existing software development centers.

The report thoroughly evaluates the opportunities and factors critical to the success of the IT industry in Russia. It underlines the issues related to the success of the industry and provides a prudent analysis on its various aspects. It presents a comprehensive overview on the past and current performance of the IT industry, including software, hardware and services industry.

Industry Forecast till 2011

- IT spending as percentage of GDP and fixed investment
- IT spending in Billion US$
- IT spending by segments in percentage terms
- Packaged software sales in Billion US$
- ERP software market in Billion US$
- Antivirus market in Million US$
- IT hardware spending in Billion US$
- IT services spending in Billion US$
- Computer games market in Million US$
- Retail sales of IT products in Billion US$
- Revenue from printers and multifunctional devices by value (in Billion US$) and volume (in Million Units).
- IT spending on infrastructure by SMEs

Key Players Profiling

This section covers the key players currently operating in the Russian IT and outsourcing market. This section describes the business overview of key players, operating system platforms, technologies used, application and web servers, and their area of expertise. The key players have been discussed under two heads - Domestic Companies (including Reksoft Co. Ltd., Artezio and Aplana Software), and International Companies (including IBA Group, Auriga, and DataArt).

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