New Report Available: Russia Information Technology Report Q4 2014

The outlook for Russian IT market spending growth weakened considerably in 2014 as a consequence of sanctions, which resulted in rouble depreciation and undermined domestic confidence levels. Meanwhile, another area where political factors are contributing to uncertainty is regulation of the internet , which could also result in the industry losing its lustre. Our short-term outlook is weaker following our macroeconomic and IT forecast downgrades , however our core view is for an easing of tensions over the medium term, which will allow the Russian economy and IT market to return to a stronger growth trajectory . Pressure on retail hardware sales as a result of competition from low-cost tablets, meaning value growth will fail to keep pace with unit growth over the medium term.

Headline Expenditure Projections

Computer Hardware Sales: RUB438.3bn in 2013 to RUB444.3bn in 2014, +1.4% in local currency terms. Hardware is forecast to be the underperforming market segment in 2014, as the shift in consumption to lower cost tablets compounds the slowdown from economic sanctions.

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Software Sales: RUB167.9bn in 2013 to RUB173.4bn in 2014, +3.3% in local currency terms. Upgrades from XP after Microsoft withdrew support in April 2014 will add to demand from the modernisation initiatives of Russian enterprises as they become more integrated in global markets and supply chains.

IT Services Sales: RUB241.6bn in 2013 to RUB253.5bn in 2014, +4.9% in local currency terms. Cloud computing demand is increasing rapidly as awareness levels and infrastructure quality improves, although new regulations requiring domestic data storage could present downside.

Key Trends And Developments

The Russian IT market has solid medium term prospects; however in the short-term it is once again political factors that dominate the outlook. The extensive sanctions imposed on Russia by the US and Europe as a result of the disagreement over Ukraine are expected to have a negative...

The Russia Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Russia Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Russia.

Key Benefits

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