Forecast: by 2030, the volume of the Russian IT market will grow to 7 trillion rubles

Strategy Partners consulting company predicts a steady growth in the Russian IT market. She expects its volume to more than double over the next seven years.

Strategy Partners includes software, equipment, as well as development and technical support services to the IT market.

According to Strategy Partners, in 2023 the volume of the Russian IT market will amount to 3.1 trillion rubles, in 2025 — 3.9 trillion rubles, and in 2030 — 7 trillion rubles.

In 2030, 4.19 trillion rubles will fall on the equipment segment, and the remaining 2.81 trillion will fall on the software and services segment.

Strategy Partners notes that over the past four years, the Russian IT market has grown faster than the global one: 12% versus 5% in dollar terms.

In 2022, the revenue of the largest Russian developers and integrators increased by an average of 28% compared to 2021. For foreign companies, it decreased by an average of 62%.

▪️One of the key drivers of market growth is the withdrawal of Western companies from Russia, import substitution, state support, export of IT solutions to friendly countries, digital transformation of the economy.

At the same time, there are not enough experienced IT specialists in the country. Some of the developers left Russia after February 2022.

Overview of the Russian infrastructure software market and prospects of its development
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