Russia Information Technology Report - Business Monitor International - Industry Reports

Russia Information Technology Report

Russia Information Technology Report - Business Monitor International - Industry Reports
Russia Information Technology Report
Published Oct 15, 2016
70 pages — Published Oct 15, 2016
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Abstract:

We upgraded the forecast for Russian IT spending in ---- in the Q--- update as import data and retail sales from H--- showed a slightly stronger rebound from the lows of ---- than had been anticipated. BMI now forecasts local currency growth of -.- to RUB---.-bn, but with further rouble depreciation this still translates to USD contraction of -.- . Nonetheless it is still a huge improvement over the -- USD contraction in ---- when sharp rouble depreciation resulted from oil price declines and a loss of confidence. The erosion of purchasing power made imported devices and solutions much less affordable in local currency terms, resulting in deferred purchases in the hardware market, or substitution for lower cost local solutions in software and services where the local industry has much greater capacity. One area of the hardware market where local vendors are taking strides to increased capacity is in storage and servers, where vendors have benefited from the data localization law. ...One area of the hardware market where local vendors are taking strides to increased capacity is in storage and servers, where vendors have benefited from the data localization law.

...Hardware: RUB---.-bn in ---- to RUB---.-bn in ----, a compound annual growth rate (CAGR) of -.- . A declining population and sluggish purchasing power growth, as well as potential PC cannibalisation by smartphones, means the hardware segment is forecast to underperform. Software: RUB---.-bn in ---- to RUB---.-bn in ----, a CAGR of -.- . Russian software vendors have benefited from depreciation, and as local capacity is scaled up we expect the software segment to accelerate to meet the demand of Russian public and private sector clients. Services: RUB---.-bn in ---- to RUB---.-bn in ----, a CAGR of -.- . ...Services: RUB---.-bn in ---- to RUB---.-bn in ----, a CAGR of -.- . There are regulatory risks, for instance Russian data localisation requirements, but these are positive for cloud services in the short-run provided the government does not further expand initiatives for technological sovereignty that could become disruptive.

...BMI View: Although we upgraded the forecast for Russian IT spending in the Q--- update on the basis of stronger than expected demand in the hardware segment in the first half of the year, our medium term outlook expects subdued growth. We anticipate a small rebound from the lows of ---- when the market has been hit by a combination of economic factors such as recession and sharp rouble depreciation, as well as specific IT market trends such as a concentration of spending in ---- ahead of expected depreciation and regulatory issues. ...

  
Source:
Document ID
1750-5135
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Russia Information Technology Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Information-Technology-Report-2026-223>
  
APA:
Business Monitor International - Industry Reports. (2016). Russia Information Technology Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Information-Technology-Report-2026-223>
  
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