Frost and Sullivan: Russian ICT Industry, Preparing to Lead

Late July has seen Frost and Sullivan press-release their stance on the future of Russian IT outsourcing exports and Russian ICT Industry - The Russian information and communications technology (ICT) is going from strength to strength on the back of robust economic growth, greater political stability, expanding consumer base, and increasing foreign investments.

The forecast reads that the Russian ICT Industry has especially pronounced opportunities in the fields of offshore software development, broadband technologies and equipment, managed network security, IP telephony, packaged software, communication value-added services (VAS), 3G networks, as well as in fixed line telephony. 

Among the ICT-supporting strengths of the country, Frost and Sullivan drew attention to the usual: strong governmental support in the form the E-Government program and special economic zones (SEZs) and techno-parks, Russia's vast pool of human resources and low labor costs, ‘reinforced' by a competent education system, as well as increasing amount of venture capital coming to Russia, and the constantly rising national spending in IT.

To top it all off, Russia continues to be an attractive market for the world and has plans to turn into one of top three global outsourcing destinations by 2010.

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