Russia IT Market - Development Forecasts for 2014-2019Posted on the 26 March 2015 by Evanwyatt713
Russian IT market will reach 60.6 billion USD in 2015. The business segment is still mostly dominated by public sector conglomerates. IT spending of the vertical industries will decline 4% in 2014 but recover by 4% in 2015. Income demographics will show strong growth for the middle class and average salary by 2018. This will positively impact all IT consumers spending. Strategic planning executives must adjust their IT investments if the economic and political constant market changes.
The Russian IT market consists of hardware, software and IT services. According to statistics portal, Statica, the annual expenditure in Russia in 2015, is expected to be 21.4 billion USD. This amount is equivalent to the other BRIC (Brazil, Russia, India, China) countries, except for China, which spends much more than Russia.
IT market forecasts for 2014-2019 is especially helpful when conducting a comparative analysis between the Russian IT market and neighboring IT markets in Central and Eastern Europe. Russian Computer market is driven mainly by new investments from the government into SEZ. There is a huge import in IT equipment. Increase in demand is expected in government and corporate sector due to favorable conditions.
According to recent news, Apple has been expanding its commitment to the Russian market in recent years, opening its first official online Russian store in November 2014. Apple's mobile voice-activated assistant Siri will be fully fluent in Russian as part of Apple's March release of its newest smartphone software, industry website 9 to 5 Mac reported. Apple doubled shipments of iPhones to Russia in 2014 and reached 3.25 million units and raking in $2.14 billion in sales. Samsung is Apple's primary competitor in the global smartphone market. It still ships 6 million phones to Russia.
The report on Russian IT market includes a wealth of useful statistical data and KPI that describes the market and key segments accurately in terms of value, size, current level of IT expenditure, top selling IT hardware products, software innovations and service offerings. It follows through with extensive analysis and reveals growth forecasts for each segment of the market that indicate which segments will surpass the others in terms of value.
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