The Russian outsourcing industry is forecasted to grow rapidly in the coming years.
As the " Russia IT and Outsourcing Industry Forecast to 2011" report has revealed, Russia is likely to become one of the IT outsourcing hubs, offering low cost, qualified personnel and a huge investment potential.
The key findings of the research are:
- Russian software exports grew by 38.84% from 2002 to 2006 and are further estimated to grow at a CAGR of 79.02% till 2010.
- Low cost outsourcing services and highly qualified talent pool is driving the outsourcing industry.
- The IT spending in SMB sector in Russia is expected to exceed US$20 Bln by 2011.
- With CAGR of 20.4%, the IT spending is expected to reach approximately US$37 Bln in 2011 from 2007.
The rising figures of the IT in Russia are confirmed by the financial results of the year, presented by both domestic and international vendors. Recently, Hewlett-Packard has announced that the sales in the Russian IT market are largest in the EMEA region.
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