Russian IT market worth $2,4 billion
The Russian market of IT services is rapidly growing, outstripping other sectors of the industry. The year 2005 has seen a 30% increase in integration services, software and equipment deliveries as compared to 2004.
According to the latest report of IDC consulting company the Russian IT market has grown by 29.9% in 2005, reaching a total of $2,427 billion by the end of that year. However, if measured in Russian rubles the figure stands at 27,3%.
The largest source of income is the sector of system and network integration and accounts for 28,3% of total income. The overall increase is estimated at 37,5% as compared to 2004. The leading IT companies now turn their attention to more sophisticated projects, particularly in the creation of IT infrastructure, the IDC report says. Software and equipment deliveries is the second fastest growing segment, accounting for 27,8%.
In 2005 IT services were in highest demand in financial, industrial and government sectors, experts say. Combined they constitute 48,1% of total revenues from IT services, provided in Russia in 2005.
"The Russian IT services market grew healthily last year thanks to the outstanding performance of leading Russian systems integrators, which benefited from a rapid development of the finance, manufacturing and telecommunication industries, as well as from the growing expenditure by the government sector. The market will remain on a path of growth, as clients demand more sophisticated IT services." - Elena Semenovskaya, IDC Research Analyst said.
The IDC report names CROC, IBS, R-Style, LANIT, I-Teco, Open Technologies, Technoserv, Verysell, Optima, and HP amongst the market leaders for 2005. Their market share rose to 35% in 2005 from 24% in 2004, not least because of consolidation processes of IT suppliers.
The study has considered only the incomes of companies supplying IT services. Excluded are IT departments and specialized service providers within large holdings. The study forecasts an average increase of 24,5% annually, reaching $7,27 billion in 2010.