Wednesday, September 17, 2008

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IT Services: Russia ahead of the rest of the world

The Russian IT services market grew last year almost by half to about $ 4.4 billion, according to Alexander Prokhorov from IDC. According to analysts from IDC, this is the highest growth rate in the world. 47.2 percent more sales brought the year 2007.

form According to the classification of IDC, the segment of IT services, systems integration (an estimated 30.4 percent), IT consulting and application development (28.8 percent), maintenance and support of IT systems and applications (18.7 percent) , IT education and training (4.3 percent). The financial sector was once again the largest buyers of IT services. State structures are in 2nd place with 16.2 percent followed by the telecommunications industry with 13.1 percent. were

According to IDC's top 10 of Russian IT service the company IBS, Technoserv, Croc, Optima, Lanit, Compulink, I-Teco, HP, EPAM Systems and R-Style. In other calls

Alexander Prokhorov, rising oil prices and the beginning of a whole series of major national IT projects, even in the regions as key reasons for rapid development of the IT services market in Russia. The stable political situation and the favorable investment climate have also made a positive impact on growth had.

Just before the IDC study examined the Russian IT services market also the French market research firm Pierre Audoin Consultants (PAC). PAC also reviewed the volume of Russia's IT services industry last year, with amounts to € 3 billion or $ 4.4 billion According to PAC, however, the growth rate compared to 2006, only 18 percent, which after all one of the highest growth rates in the world. The reason for the different estimates, so PAC, in the failure to IDC estimates in recent years. Nevertheless, Russia is far ahead with 18 percent of Western Europe (just 6.6 per cent) and in Eastern Europe with 15 percent. The integrators who participated in the IDC study, have no doubts about the credibility of the estimates from IDC. The companies confirmed the high rates of growth and are optimistic about the future, we expect in the next 3-5 years every year in the Russian IT services market growth rates over 20 percent.

The potential market is large. It is true that the political and economic inhibit crises that shake the world lately, the rate of growth in short-term perspective. But in the long run it is reasonable to expect an annual growth of between 25-30 percent.

Source: CNews (in Russian)

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