Software in Russia
Description
Software in Russia
Summary
Software in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Software in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Software market encompasses applications used for business operations (e.g., ERP, CRM, etc.), as well as infrastructure software that manages IT systems and operations. The market value represents the revenue generated from sales and subscriptions of various software packages and offerings. It includes both signed deals that remain under contract and the annual revenues associated with new contracts signed within a specific calendar year. This excludes sales opportunities for third-party service providers.
- The Russian software market recorded revenues of $8.1 billion in 2024, representing a compound annual growth rate (CAGR) of 10.9% between 2019 and 2024.
- The business process applications segment accounted for the market's largest proportion in 2024, with total revenues of $2.0 billion, equivalent to 25.1% of the market's overall value.
- The expansion of Russia’s software market is driven by strong government-led digital transformation efforts and rapid digitalization across sectors. For instance, in 2024, the Russian government allocated RUB2.5 billion ($26.9 million) from its reserve fund to the Ministry of Digital Development, Communications, and Mass Media to subsidize preferential loans for IT firms engaged in digital transformation projects.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in Russia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in Russia
- Leading company profiles reveal details of key software market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Russia software market with five year forecasts
- What was the size of the Russia software market by value in 2024?
- What will be the size of the Russia software market in 2029?
- What factors are affecting the strength of competition in the Russia software market?
- How has the market performed over the last five years?
- What are the main segments that make up Russia's software market?
Table of Contents
34 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. AO Kaspersky Lab
- 8.2. Jet Infosystems
- 8.3. Astra Group
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Russia software market value: $ million, 2019-24
- Table 2: Russia software market category segmentation: % share, by value, 2019-24
- Table 3: Russia software market category segmentation: $ million, 2019-24
- Table 4: Russia software market geography segmentation: $ million, 2024
- Table 5: Russia software market value forecast: $ million, 2024-29
- Table 6: AO Kaspersky Lab: Key Facts
- Table 7: AO Kaspersky Lab: Key Employees
- Table 8: Jet Infosystems: Key Facts
- Table 9: Astra Group: Key Facts
- Table 10: Russia Size of Population (Million), 2020-24
- Table 11: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 12: Russia GDP (Current Prices, $ Billion), 2020-24
- Table 13: Russia Inflation, 2020-24
- Table 14: Russia Consumer Price Index (Absolute), 2020-24
- Table 15: Russia Exchange Rate, 2019-24
- List of Figures
- Figure 1: Russia software market value: $ million, 2019-24
- Figure 2: Russia software market category segmentation: $ million, 2019-24
- Figure 3: Russia software market geography segmentation: % share, by value, 2024
- Figure 4: Russia software market value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the software market in Russia, 2024
- Figure 6: Drivers of buyer power in the software market in Russia, 2024
- Figure 7: Drivers of supplier power in the software market in Russia, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the software market in Russia, 2024
- Figure 9: Factors influencing the threat of substitutes in the software market in Russia, 2024
- Figure 10: Drivers of degree of rivalry in the software market in Russia, 2024
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