Russia ICT Market Outlook Q1 2015
This study analyzes the impact of economic crisis and international political tensions on the Russian ICT market in the first quarter of 2015.
Among other things, this report covers the impact on Q4 2014 IT shipments results of the dramatic currency devaluation of November and December 2014, the Russian Government's January 2015 economic crisis plan, new details on Ministry of Communications import substitution rules for the software and services sector, and initial customer feedback on the impact of sanctions.
Questions this document answers
"Since the 1990s, suppliers to Russia have had to deal with several periods of "crisis". However, market declines have always reversed quickly, and it became rather easy to take a stoic view of Russia's "volatility". The situation changed in 2014: the Russian economy, and subsequent IT demand, are now in what looks like a lengthy period of contraction. According to the latest IDC data, the overall IT market in Russia declined 16% in 2014 and an even more dramatic decline is forecast for 2015." — Vice President Robert Farish, IDC Russia/CISPlease Note: Extended description available upon request.
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