July 31, 2009 -
PRLog -- BMI has downwardly revised its five-year Russian IT market spending projections, due to further adverse economic trends in Q109. IT spending is now projected to contract by 12% in 2009, before recovering to grow at an 11% CAGR to a value of around US$22.8bn by 2013. A dramatic contraction in PC sales in Q109 continued the trend of Q408, with the negative trend in private consumption growth now likely to continue into 2010. The main setback in Q109 occurred for PC sales, which were reportedly down by more than 30% yearon- year in Q109, after a similar contraction in the previous quarter. Software and IT services sales were relatively less affected, but could not escape the negative effect of the decline in the PC market. Looking forward, Russia is still on course to emerge as one of the largest IT markets in Europe, even if this is at a slower rate than previously expected. Growing computer penetration, government ICT projects and immense potential for IT spending by Russia's traditional industries all have potential to drive an increase in IT spending per capita from around US$105 to US$165 over the 2009-2013 period.
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