OREANDA-NEWS. August 2, 2012. According to PMR analysts, the growth of the Russian IT market in 2012 will be lower than the 15.4% rate recorded at the end of last year, but will show double-digit figure this time.

Russian IT market (PMR’s estimate) is 584.4 billion RUB (14.3 billion EUR) in 2011. Last year, most of the leading vendors and system integrators have recorded double-digit growth, according to a report of the research. Growth after the economic crisis in 2009 contributed to the sustainable development of the Russian economy in the second half of 2010 and 2011, the expansion of telecommunications companies and investments in e-government program.

"In the longer term, we expect that IT services will become the fastest-growing segment of the Russian IT market. While the growth rates of segments of hardware and software will be gradually reduced," — commented the analyst PMR and report co-author Pawel Olszynka.

The analyst added that over the next five years, the average annual growth rate of the Russian IT market will reach 9%, warning that this forecast is based on the condition of macroeconomic stability in the period. According to him, many Russian IT companies called the probability of a second wave of crisis and decline in prices for oil and gas is the most dangerous threats to the development of IT industry in Russia.