Russian IT industry has grown by 30% last year, and the market reached the value of $4.6 billion.
According to the annual IT Services Forecast and Analysis report by IDC, improvement in Russian economic situation has caused the growth. Financial and government sectors lead the spending on IT with 19.8 percent and 17.5 percent of the market. Telecommuncations and energy market segments account for 14. 4 percent and 11.6 percent respectively.
Outsourcing industry in Russia grew by 14%, with notable growth in hosting and IT outsourcing. A rhetorical question: will they one day outpace oil and gas industry?
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