Tuesday, January 14, 2014

Russian IT Sector Continues to Grow, Albeit a Little Slower

Russoft, an association of Russian software companies, says exports of Russian software products and software development tools reached 5.2 billion dollars in 2013, a 15 percent increase over 2012. That growth, however, is down from the 20 percent increase from three years ago, with demand for Russian software now coming primarily from Russia itself and the other CIS states.  According to a "Strategy" document released by the Ministry of Communications, development in the Russian IT sector will focus on small and medium enterprises, with an expected expansion to 11 billion dollars in exports by 2020.


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