IT market in Russia – more than 20% up in 2011 again - August 2011

The Russian IT market is experiencing a strong bounce back after a sharp decline observed in 2009. Forecasts for the whole of 2011 are optimistic and assume that the market will jump by another 20% year-on-year.

In 2010 the IT market in Russia recovered the growth. Last year the total net value of IT products and services sold in the country increased by 23.4% year on year to RUB 516bn (€12.8bn). However if measured in euro, the market value still remains €1.1bn smaller in comparison to almost €14bn reached in 2008.
The increase of the sales in 2010 was registered in every segment of the Russian IT market,. The main reason for the market recovery in 2010 was overall improvement in Russian economy and growing confidence of the consumers in their future incomes. As a result the retail sales of personal computers, in particular of the notebooks, were quickly growing pulling the entire market up.


To open the FULL free article/document, please sign up.

*required

*Email:
To make sure you receive the requested information, add info@pmrcorporate.com to your company trusted emails. Contact your IT department for details.
*Your company core business:
Help us better answer your needs.
Why do you sign up?
Please specify:

Privacy Policy

Free e-letters

  • CEE IT & Telecoms Headlines CEE IT & Telecoms Headlines weekly e-letter on IT and telecom in CEE
unsubscribe »