Over the past five years, Russian software exports have more than doubled, reaching about $7 billion. At the same time, demand for IT companies’ products on the domestic market has been falling. Analysts attribute it to a transformation of the Russian market, with demand shifting from hardware to services.
The boom is over
“Here we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that.” This quote from Lewis Carroll’s “Alice in Wonderland” has become a motto for many Russian IT companies these days.
Despite the economic crisis, two-thirds of Russian companies aren’t cutting jobs and prefer to survive the crisis by shortening work hours or cutting workers’ salaries, a study by global management consultancy Hay Group found.
“A lot of companies have refused to take radical measures, as in some sectors the situation has stabilized,” said Irina Chernozubova, the head of Hay Group’s research department for Russia.
PALO ALTO, Calif. — In late 2013, an A.T.M. in Kiev started dispensing cash at seemingly random times of day. No one had put in a card or touched a button. Cameras showed that the piles of money had been swept up by customers who appeared lucky to be there at the right moment.
Investment in the Russian data center and cloud computing market has been strong in the first half of 2014, backed by a well-developed telecoms sector, skilled IT professionals, large internet population and opportunities for outsourcing reports B
CNews Analytics has released a set of infographics that illustrate changes on the Russian IT market from 2002 to 2013. The main trend that has emerged is the minimal participation of the Russian regions in informatization. The Cnews IT market ana
What’s Obsidian Entertainment – the respected single-player role-playing game maker – doing dabbling in Russian free-to-play MMOs?
There’s Skyforge, a fantasy MMO, and there’s Armored Warfare, a tank MMO. And both are partnerships with powerful Russian online company Mail.ru. Skyforge was announced first in May 2013, and Armored Warfare roughly a year later. But it was actually out of Armored Warfare that the Skyforge deal came about.
An October 2013 article titled “Consulting on the Cusp of Disruption” in the Harvard Business Review advanced the argument that the consulting market is entering a state of disruption and flux. In response to inquiries about disruption in the Russian offshore outsourcing market, executives from six firms that represent a mix of business sizes and technology directions expressed a range of views and responses to the pressures of market disruption.
The cloud services market in Russia for small and medium businesses (SMBs) is expected to grow in 2016 by 169 percent to $ 1.7 billion compared with 2013, according to a report by Parallels presented at the Parallels Summit 2014 in New Orleans.
In keeping with long standing Russian tradition, the government has produced a hugely ambitious 5-year plan aimed at doubling IT exports and growing the sector three times faster than the country’s overall GDP. The plan, pubished in the form of a ‘road-map’ for 2014-2018, was signed by Dmitry Medvedev at the end of 2013, and published last week. You can read the 20-page document (in Russian) here, but if that doesn’t really appeal, here’s a summary of the key points.