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Russian IT Software and Services Market to Discern Magnified Growth of 7.2% CAGR During 2014-2020

01-30-2019 11:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Russian IT Software and Services Market to Discern Magnified

The market is expected to register a strong growth of 7.2% in its CAGR during the projected period to reach US$ 8,628.2 million by 2020. Both the IT software and services segments made considerable contribution to the overall growth of Russian IT market in the European region. Increased e-government and e-banking initiatives by governments and banks are some of the prominent factors driving the demand for IT software and services in Russia. Also, introduction of new technologies for enterprise mobility and big data analytics by key players such as IBM, SAP and IBM are expected to boost the market growth, thereby increasing competitiveness in the market. The banking, communication, media and entertainment, and manufacturing sectors owe a significant contribution to the Russian IT software and services market.

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In this study, we analyse the Russian IT software and services market between 2013 and 2020. We focus on:

Key IT trends, development and technology adoption in Russia and across all the verticals

Market value and forecast by IT software & services, and verticals

Relative market attractiveness by verticals and position of IT software and services providers by industry presence and product portfolio

Russian IT software and service provider landscape and recommendations for market players

Examples of Key Companies

Competitive landscape of key players, such as Microsoft Corporation, Oracle Corporation, SAP SE, IBM Corporation, IBS Group, Hewlett-Packard Company, LANIT Group, Compulink Group, Asteros and I-Teco inRussian IT software and services market.

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ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Future Market Insights
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Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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