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Russia IT Services Market: 2019 Analysis and 2020-2024 Forecast

Russia IT Services Market: 2019 Analysis and 2020-2024 Forecast

  • July 2020
  • 22 pages
  • ID: 5948993
  • Format: PDF
  • IDC

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The environment is deterring end users from undertaking major long-term systems integration initiatives. This foundation market is forecast to contract 29.9% year on year in 2020. The information system consulting services market is projected to decline 24.1% this year but is forecast to expand at a CAGR of 1.2% through 2024. Custom application development services will fare better as end users will need customized solutions to meet their specific requirements. This foundation market is projected to decline by 7.9% year on year in 2020 but to increase at a CAGR of 5.2% during the forecast period.Hosted application management services will be the most dynamic foundation market throughout the forecast period, expanding at a CAGR of 11.1%. Hosting infrastructure services is expected to have a CAGR of 10.7%. Managed services will play an increasingly important role in IT services delivery and are likely to suffer less from the economic downturn than the other primary markets.This IDC study presents the IT services industry in Russia in 2019 and forecasts expenditure on IT services through 2024. It contains market size and distribution by foundation market and vertical market. The study also presents forecasts for 13 foundation market categories.The study answers the following questions:What are IDC's predictions for spending on IT services in Russia? What are the assumptions behind the forecast numbers? What impact will related issues have on the market?What are the concerns and preferences of end users in Russia regarding IT services procurement?What are the latest trends in IT services delivery in Russia (e.g., hybrid cloud, DX, and security)?"Information technologies and their associated services have helped millions of people save their jobs by enabling them switch to remote working arrangements during the COVID-19 lockdowns. The crisis has damaged the Russian economy, but it will ultimately stimulate the development of the IT services market. It will encourage business initiatives, intensify competition, drive organizational change, and open new growth opportunities." -- Natalia Vinogradova, Program Manager, IDC Russia/CIS

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