THE GROWTH OF THE RUSSIAN IT MARKET BY THE END OF 2023 EXCEEDED 30%, AND THE REVENUE OF THE TOP 300 RUSSIAN IT COMPANIES INCREASED BY 32.4% TO 2.9 TRILLION RUBLES

🚀 Cnews has published the results of 2023 for the domestic IT market

The main conclusions:

In 2023, the Russian IT market continued to grow. The total revenue of 300 domestic leading companies amounted to 2.9 trillion rubles against 2.2 trillion rubles in 2022, an increase of 32.4%.

As in the last two years, import substitution will remain the main driving force of market development in the coming years.

Also among the main trends is a special attention to the issue of information security.

The total revenue of the 100 largest companies by the end of 2023 reached 2.5 trillion rubles. In 2022, the result was 16% lower and amounted to 2.117 trillion rubles.

The main problems are the lack of qualified personnel, which prevents the market from growing even faster and reduces profitability, the increase in the cost of equipment, and therefore IT projects.

Main goals: gaining true technological independence, entering the markets of friendly countries.

Telecom, the public sector and banks remain the main consumers of IT.

There is another trend: the share of cloud services continues to decrease, it is happening slowly, but the dynamics is still negative.

@svezhesti