Russian,Software,and,Services, business, insurance Russian IT Software and Services Market to Grow at Robust 7.
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Russian IT Software and Services Market is the focus of analysis of a recent market research report published by Future Market Insights. The report, titled “IT Software and Services Market: Russian Industry Analysis and Opportunity Assessment 2014 - 2020”, states that the market is expected to register a strong growth of 7.2% in its CAGR during the projected period to reach US$ 8,628.2 million by 2020.The Russia IT software and services market is growing at a CAGR of 7.2% from 2014 to 2020. The market’s value by 2020 is estimated to be US$8,628.2million.Read Complete Report @ http://www.mrrse.com/russian-it-software-and-services-marketSimilar to the technical and IT industries of the world, the Russia IT software and services market was also affected deeply by the economic meltdown in 2008-09. Despite the setback, the market bounced back rather quickly, and now displays a high CAGR.One of the greater reasons for the comeback of the Russia IT software and services market is government intervention. The Russian government stepped up the initiatives and incentives it offered for the nation’s IT sector, creating a firm base for the Russia IT software and services market to launch itselffrom.Request a Sample Copy of the Report @ http://www.mrrse.com/sample/126Mixed Feelings for Global Players in RussiaMajor IT companies such as SAP and IBM are introducing the Russia IT software and services market to big data analytics and mobility. Their implementations are likely to boost the Russia IT software and services market at a faster rate by improving the technologies used and creating healthy competition. The Russia IT software and services market can provide increasing support to the nation’s sectors of manufacturing, media and entertainment, communication, and banking.Last year, however, Russia did express the desire to become independent in terms of technologies used in the Russia IT software and services market. The reasons given for the same included the Snowden controversy and the denial of source codes to Russia by SAP. Russia plans to reduce its dependence onforeign technology by 50% by 2024. One example for the same includes the implementation of Sailfish, an open-source smartphone OS that has replaced the Android and iOS platforms on Russian phones. Russia has indeed announced Sailfish as the official national OS for mobile technologyApproval of the Computer Software Priority BillThe State Duma’s Information Policy and Communications Committee had announced its support in mid-May to the first reading of the Computer Software Priority Bill. The bill makes it a requirement for entities owned by the Russian state to buy domestic computer software. The bill’s primary aim was toprotect the Russia IT software and services market and help Russian IT companies grow faster. It is also aimed at improving the national economy by ensuring a preferential treatment for software created in Russia.The RUSSOFT ConnectionThe Russian Software Developers Association involves a cartel of over 70 companies from the Russia IT software and services market. The list of full members of RUSSOFT includes ABBYY Software House, Acronis, Auriga, Inc., First Line Software, IBA Group, and TrueConf. RUSSOFT, headquartered in Saint-Petersburg, is a Russian IT group that lobbies for the promotion of the Russia IT software and services market in the global market. Their involvement in the market’s functioning will create a brighter future for it.The top players, both global and regional, operating in the Russia IT software and services market are Asteros, SAP, IBM, I-Teco, IBS Group, Oracle Corp., Microsoft Corporation, HP Company, and LANIT Group. Each company has a definitive role in the Russia IT software and services market, thereby creating a diverse yet nationally integral scenario for the IT scene in Russia. Article Tags: Services Market, From 2014, Computer Software
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