• Cloud services are highly popular in the Russian IT software and services market, supported by growth of e-commerce activities.
  • Virtual assistant tools are rapidly gaining traction, aided by the widespread penetration of smart devices in the region.
  • IoT applications are gaining ground as Russia invests in Smart City projects including energy, utility, and transport applications.
  • Western Russia is a key hub in the IT software and services market, aided by the presence of key developers.
  • Favorable regulation frameworks controlling the Russian IT software and services market is a major growth factor.
  • Widespread penetration of internet services in the region bolsters adoption and development rates.
  • Advances in IoT and cloud services are key factors aiding growth of Russian IT market players.
  • Widespread cost cutting by clients for IT services is a major restraint on revenue growth.
  • Slowdown of the Russian economy hinders critical market developments.