Russian IT market has in recent years been the star performer in the region in terms of growth dynamics. According to Pawel Olszynka, Head IT&Telecoms analyst at PMR Research firm in 2000-2007 the share of IT services in the total IT spending increased from 9.5% to 28%. The total number of IT companies in Russia in 2007 was about 2,000 and the IT market in Russia was worth around $16.3bn. The Russian Ministry of IT and Communications is even more optimistic saying the market volume reached 17 bln USD in 2007.
The government also contributes to the development of IT sphere. Several dedicated institutes were created, technoparks are being constructed, special tax regime was introduced, various promotional events are held – all of these are aimed at supporting the expanding national IT industry. Another recent initiative: in early January 2008 the City Administration of St. Petersburg launched the Innovation Program to invest ten billion rubles into the development of the technology enterprises in Russia’s North-West in the coming four years. The primary spending will be geared towards funding of infrastructure projects, such as special economic zones, IT park, Science City in St.Petersburg suburb of Peterhof.
Taking into account the global shortage of skilled IT professionals, Russian authorities pay heed to the national education system. Russia continues to hold one of the top positions in the world in terms of tech training. Dozens of universities practice the educational methods of the ex-Soviet Union which are a time-proved and globally appreciated approach to raising quality engineers, mathematicians, physicist, software developers and other IT specialists. Their excellent theoretical background coupled with hands-on training, high analytical skills and problem-solving mindset make them capable of meeting the most complicated challenges and delivering comprehensive solutions. This is the most critical factor in securing a successful IT outsourcing relationship.
See also: Russia in 2007: Turning Point. Part I: Economic Overview
The government also contributes to the development of IT sphere. Several dedicated institutes were created, technoparks are being constructed, special tax regime was introduced, various promotional events are held – all of these are aimed at supporting the expanding national IT industry. Another recent initiative: in early January 2008 the City Administration of St. Petersburg launched the Innovation Program to invest ten billion rubles into the development of the technology enterprises in Russia’s North-West in the coming four years. The primary spending will be geared towards funding of infrastructure projects, such as special economic zones, IT park, Science City in St.Petersburg suburb of Peterhof.
Taking into account the global shortage of skilled IT professionals, Russian authorities pay heed to the national education system. Russia continues to hold one of the top positions in the world in terms of tech training. Dozens of universities practice the educational methods of the ex-Soviet Union which are a time-proved and globally appreciated approach to raising quality engineers, mathematicians, physicist, software developers and other IT specialists. Their excellent theoretical background coupled with hands-on training, high analytical skills and problem-solving mindset make them capable of meeting the most complicated challenges and delivering comprehensive solutions. This is the most critical factor in securing a successful IT outsourcing relationship.
See also: Russia in 2007: Turning Point. Part I: Economic Overview
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