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Russia Information Technology Report Q3 2013

Russia information technology market: Hardware sales reach RUB355.1bn in 2013


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2014-02-04 04:10:01 - Russia Information Technology Report Q3 2013 - a new market research report on companiesandmarkets.com

We made a downgrade to our medium-term forecast for the Russian IT market on the basis of weaker macroeconomic outlook. However, our forecast for Russian IT spending in 2013 is unchanged in the Q3 2013 update, as we maintain our view for 11.4% growth to reach RUB696.2bn. Key drivers of market expansion include availability of lower cost hardware - especially tablets - investments by enterprises in business software and modernisation of the public sector. Meanwhile, the market is also being boosted by Russia´s historic entry into the WTO, finally confirmed in August 2012. WTO membership is expected to boost enterprise modernisation to achieve competitiveness, which will increase spending on hardware and business software applications.

Headline Expenditure Projections

Computer Hardware Sales: RUB328.1bn in

 

 

2012 to RUB355.1bn in 2013, +8.2% in local currency terms. Mid-range notebooks and tablets are the key growth driver of retail spending, while, in the enterprise market, desktop sales will hold up.

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