Outsourcing has emerged as the fastest growing segment of the Russian IT industry, according to new research report “Russia IT and Outsourcing Industry Forecast to 2011†by RNCOS. During 2002-2007, software exports from Russia grew at a CAGR of over 44% as compared to just 24% growth recorded in the IT spending during the same period. As for future, the country is projected to export software worth over US$ 15 Billion by 2012.
As compared to other outsourcing destinations in Eastern Europe, Russia has a strong advantage in offshore software development. Closer proximity to the US and Europe, similar time zone, and government and association support has given thrust to the outsourcing industry. Also, Russia has the largest pool of qualified software professionals with advanced technical skills as compared to professionals in Eastern Europe, India or China.
Increasing investment from foreign companies and government initiatives, like development of techno parks and liberalizing tax structure for software companies, will drive the software exports from Russia in future. Besides rising investment, the government’s commitment to develop the IT and outsourcing industry will also provide the desired platform for the future growth of the outsourcing industry.
“Russia IT and Outsourcing Industry Forecast to 2011†is an extensive research on IT and Outsourcing industry in Russia. This research report provides qualitative and qualitative industry analysis, coupled with the factors responsible for the industrial growth, opportunities and antagonistic forces challenging the industry. It also underlines the spending patterns across the various segments of the industry.
This research report provides the segment-wise analysis, latest market trends, and the emerging areas in the Russian IT and Outsourcing industry. It also features five-year industry forecast from 2008 to 2012, coupled with an overview future trend in the industry. The vast and detailed information given in the report will help the clients in understanding the market dynamics and align their business strategies accordingly.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
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