Russia ICT Market Size and Forecast (by IT Solution Area, Size Band and Vertical) to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Russia ICT Market Overview
The Russia ICT market size was valued at US$ 34.59 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 8.59% to reach a value of US$ 52.22 billion by 2027. The cumulative revenue generation for ICT providers in Russia is estimated at US$ 177.18 billion for 2022-2027.
Russia ICT Market Outlook, 2022-2027 (in US$ Billion)
Buy the Full Report for More Insights into the Russia ICT Market Forecast
The ‘Russia ICT Market’ opportunity forecast report provides the total addressable market for ICT products/services in Russia from 2019 to 2027.
Market Size (2022) | US$ 34.59 billion |
Market Size (2027) | US$ 52.22 billion |
CAGR (2022-2027) | 8.59% |
Key IT Solutions | • Application Development and Management (3 Products/Services)
• Artificial Intelligence (4 Products/Services) • Business Process Applications (9 Products/Services) • Business Process Outsourcing (6 Products/Services) • Client Computing (10 Products/Services) • Cloud Computing (7 Products/Services) • Communications and Collaboration (10 Products/Services) • Consulting & Integration Services (3 Products/Services) • Data and Analytics (6 Products/Services) • Data Center and Hosting (2 Products/Services) • Edge Computing (11 Products/Services) • Internet of Things (IoT) (3 Products/Services) • IT Management (11 Products/Services) • Mobility (5 Products/Services) • Networking (18 Products/Services) • Security (17 Products/Services) • Servers (4 Products/Services) · Storage (7 Products/Services) |
Key Verticals | · Communication
· Construction · Consumer Goods · Education · Energy · Financial Markets · Foodservice · Government · Healthcare · Information Technology · Insurance · Manufacturing · Media · Medical Devices · Mining · Others · Pharmaceuticals · Retail · Retail Banking · Transport and Logistics · Travel and Leisure · Utilities |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Russia ICT Market Segmentation by Vertical
In terms of vertical end-use segments, the manufacturing sector held the highest market share of 8.9% in 2022, followed by the energy sector. The government sector is expected to be the fastest-growing segment, at an estimated CAGR of 13.15%, during the forecast period.
Russia ICT Market Share by Verticals, 2022 (%)
Buy the Full Report for More Insights into the Russia ICT Market Verticals
Scope
This product provides revenue opportunity forecasts for ICT products/services in Russia from 2019 to 2027, spanning 18 IT solutions and 133 products/services. The details of the IT solutions and the corresponding products/services have been provided. The forecast data has been provided for 5 employee size bands.
Key Highlights
- The ICT market in Russia is expected to grow at a CAGR of 59% over the forecast period.
- The country’s top three product/service categories – SaaS, IoT Hardware, and Systems Design and Integration.
- IoT Hardware is expected to be the leading ICT product/service segment in Russia during the forecast period.
Reasons to Buy
- Assess the historical data (past 4 years), current state, and expected growth (next 5 years) of the ICT market in Russia.
- Identify the fastest-growing products/services within the Russia ICT market.
- Determine the most lucrative vertical for ICT in Russia, considering their current contribution to the overall Russia ICT market and their expected input toward the growth of the market over the next 5 years.
- Identify products/services that would contribute toward the growth of the ICT market in Russia over the next 5 years.
- Get a thorough, forward-looking analysis of Russia ICT trends and key opportunities in a concise format to build proactive and profitable growth strategies.
Frequently asked questions
-
What was the Russia ICT market size in 2022?
The Russia ICT market size was estimated at US$ 34.59 billion in 2022 and is expected to reach US$ 36.74 billion in 2023.
-
What will the Russia ICT market growth be by 2027?
The Russia ICT market is expected to grow at a compound annual growth rate of 8.59% over the forecast period, to reach US$ 52.22 billion by 2027.
-
Which industry vertical led the Russia ICT market in 2022?
The manufacturing sector was the largest Russia ICT vertical with 8.9% market share in 2022.
-
Which type of products/service led the ICT market in Russia in 2022?
The SaaS segment dominated the Russia ICT market in 2022 with a revenue share of more than 5.7%.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.