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Russia Information Technology Q2 2018

Russia Information Technology Q2 2018

BMI View:

In 2017 the Russian IT market recorded a first year of US dollar spending growth since before the imposition ofsanctions, then ruble depreciation and recession in 2015-2016. The IT market was however still below its previous peak, andalthough there are some positive technology trends such as cloud computing adoption, the retail PC market is subject to weakdynamics and there continue to be brakes on technology adoption by firms in the form of an intrusive and at timesunpredictable regulatory environment. This is a source of downside risk because of persistent political and security tensionsbetween Russia and the West combined with the dependence of economic performance on oil prices.

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