Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia's IT and Telecoms Services Market Set to Expand Amid Downturn

Growth in IT services will outstrip telecommunications, the report said.

Despite an economy on the brink of recession, the Russian market for IT services has grown by 7.4 percent this year, technology consulting firm Orange Business Services said Thursday.

Russia's ICT services market, which includes IT and telecommunications services, is worth 635 billion rubles ($11.5 billion) and will grow to 750 billion rubles by 2017, even as Russia's sanctions-squeezed economy struggles to avoid contracting, according to Orange's report.

Olivier Quesson, Orange Business Service's commercial director for Russia and the CIS, said Russian customers were looking for ways to optimize spending amid the downturn: "Difficult economic situations and sanctions do not limit, but rather change, the direction of market growth," he said.

Growth in IT services will outstrip telecommunications, the report said, with two key drivers being outsourcing, which will grow 17 percent by 2017, and IT consulting, which will expand by 12 percent over the next two years.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more