Tuesday, July 24, 2007
Russian IT Industry Set to Don the Mantle of IT Outsourcing Major
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See also outsourcing updates for related categories: Russia, IT
Russian IT Industry Set to Don the Mantle of IT Outsourcing Major
PALO ALTO, California, July 24 - The Russian information and communications technology (ICT) is going from strength to strength on the back of robust economic growth, greater political stability, expanding consumer base, and increasing foreign investments. With the Indian markets slowing, Russia has become a particularly strong contender as a provider of complex engineering IT outsourcing and solutions.
New Country Industry Forecasts from the Frost & Sullivan Economic Research and Analytics team addressing the Russian ICT Industry reveal that
particular opportunities exist in the offshore software development,
broadband technologies and equipment, managed network security, IP
telephony, packaged software, communication value-added services (VAS), 3G
networks, and digital broadcasting in fixed line telephony sectors of the
industry.
If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an overview
of the latest political, economic, and social analysis of the Russian ICT
Industry then send an e-mail to Danielle White, Corporate Communications,
ERA, at dwhite@frost.com with your full name, company name, title,
telephone number, e-mail address, city, state, and country. We will send
you the overview by e-mail upon receipt of the above information.
Russia has a strong advantage in offshore software development, which
is becoming the fastest growing sector in the IT industry. The country
plans to increase its IT outsourcing exports with the goal of becoming one
of the top three global outsourcing destinations by 2010. There exists a
strong scope for greater foreign investments in Russian ICT design and
development centers.
Broadband Internet is expanding rapidly due to the rising connectivity
of Russian towns, in line with the Government's E-Russia policy focus. The
increased focus on E-Governance and ICT diffusion at all levels of
schooling is boosting the uptake of ICT goods and services by government
agencies and schools. Meanwhile, new special economic zones (SEZs),
techno-parks, and provision of venture capital are enhancing opportunities
for small businesses in the Russian ICT industry.
As corporate Russia increasingly switches from closed networks to IP
networks to increase efficiency, markets for enterprise resource planning
(ERP) as well as managed network security and IP virtual private networks
(VPNs) have received a shot in the arm. IP telephony is catching on in the
mobile telephony segment and this could be the first step toward full-scale
adoption of next-generation networks based on packet telephony.
"Communication VAS, particularly ring tones and logos, media projects,
and information and entertainment in the mobile content market, is the
fastest growing segment of telecommunication services," says Farheen Pasha,
Team Leader, ICT, Frost & Sullivan's ERA group. "Currently, less than 50.0
percent of the telephone lines in Russia are digital; however, the
government aims to completely switch from analog to digital mode by 2015."
Although the Russian Government had historically passed over the
interests of the ICT industry in favor of others such as oil and gas, it
has steadily increased interest in the IT industry. It is also actively
involved in developing the telecommunications infrastructure and is a
strong participant as well as regulator in this field.
Russia's vast human resources and low labor costs hold it in good stead
in the ICT industry, while its competent education system provides its
people with high levels of skills, excellent training, as well as intensive
scientific and engineering expertise. However, a substandard process
quality and a weak legal system and intellectual property right (IPR)
enforcement impair it. This scenario is set to change, with the present
government placing unprecedented focus on the development of the IT
industry.
The Government is sparing no efforts to upgrade the telecommunications
infrastructure and services throughout Russia. It has deployed a supportive
framework for the development of the ICT industry to make it competitive in
both domestic and international markets. It hopes to improve information
transparency and enhance the efficiency of the public as well as private
sectors.
The Government is also committed to raising the levels of penetration,
diffusion, and awareness of ICT goods and services in Russia. Moreover, a
series of high-profile industry reports changed the general perception that
the ICT infrastructure in Russia is inadequate by publishing positive
articles.
Russia has been the biggest spender on IT among the central and eastern
European (CEE) countries and its spending has been higher than the global
average since 2002. This is mainly due to the growing affluence of the
Russian population and the global awareness of its enterprises. This
industry's growth is high and stable, considering it witnessed double-digit
growth for the last five years and is poised for further growth until 2010,
though consumption trends in telecommunication vary across regions as well
as segments.
"The United States and the European Union (EU) recognized Russia as a
market economy in 2002," notes Pasha. "With a gross domestic product (GDP)
of more than US$814.76 billion and an economic growth rate of 6.7 percent
in 2006, Russia is poised for further strong growth in the future."
The three-part series on Russian ICT Industry is part of the Frost &
Sullivan Energy GPS subscription services. The Political and Policy
Analysis of the Russian ICT Industry provides a detailed coverage of the
political establishment, general economic and industry specific policies,
and their impact on the industry. The Economic Analysis provides an
overview of the market size, a discussion of drivers as well as restraints,
and an analysis of market structure in the context of the overall Russian
economy. The Social, Infrastructure, and Labor Analysis studies the labor
market dynamics, infrastructure conditions, and consumption profile.
Analyst interviews and briefings are available to the press.
Frost & Sullivan's Country Industry Forecast research provides a unique
country-specific perspective on various industries. The valuable
Country-Industry Linkage includes in-depth analyses and forecasts.
The Frost &Sullivan Economic Research and Analytics team provides
research focused on timely and critical sociometric, econometric,
demographic, political, and regulatory information for specific countries
by industry. It produces research services, economic impact articles, and
economic updates that discuss relevant and critical economic trends.
Frost & Sullivan, a global growth consulting company, has been
partnering with clients to support the development of innovative strategies
for more than 40 years. The company's industry expertise integrates growth
consulting, growth partnership services, and corporate management training
to identify and develop opportunities. Frost & Sullivan serves an extensive
clientele that includes Global 1000 companies, emerging companies, and the
investment community by providing comprehensive industry coverage that
reflects a unique global perspective and combines ongoing analysis of
markets, technologies, econometrics, and demographics. For more
information, visit http://www.frost.com.
Contact:
Danielle White
Corporate Communications - Global
P: +1-210-247-2403
dwhite[at]frost[dot]com
Sarah Lourdes
Corporate Communications - Southeast Asia & ANZ
P: +60-3-6204-5878
E: sarah[dot]lourdes[at]frost[dot]com
Bo Zhang
Corporate Communications - China
P: +86-21-5407-5780 ext 8611
E: bo[dot]zhang[at]frost[dot]com
http://www.frost.com
SOURCE Frost & Sullivan
Click on the labels below for more posts on those categories
See also outsourcing updates for related categories: Russia, IT
Russian IT Industry Set to Don the Mantle of IT Outsourcing Major
PALO ALTO, California, July 24 - The Russian information and communications technology (ICT) is going from strength to strength on the back of robust economic growth, greater political stability, expanding consumer base, and increasing foreign investments. With the Indian markets slowing, Russia has become a particularly strong contender as a provider of complex engineering IT outsourcing and solutions.
New Country Industry Forecasts from the Frost & Sullivan Economic Research and Analytics team addressing the Russian ICT Industry reveal that
particular opportunities exist in the offshore software development,
broadband technologies and equipment, managed network security, IP
telephony, packaged software, communication value-added services (VAS), 3G
networks, and digital broadcasting in fixed line telephony sectors of the
industry.
If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an overview
of the latest political, economic, and social analysis of the Russian ICT
Industry then send an e-mail to Danielle White, Corporate Communications,
ERA, at dwhite@frost.com with your full name, company name, title,
telephone number, e-mail address, city, state, and country. We will send
you the overview by e-mail upon receipt of the above information.
Russia has a strong advantage in offshore software development, which
is becoming the fastest growing sector in the IT industry. The country
plans to increase its IT outsourcing exports with the goal of becoming one
of the top three global outsourcing destinations by 2010. There exists a
strong scope for greater foreign investments in Russian ICT design and
development centers.
Broadband Internet is expanding rapidly due to the rising connectivity
of Russian towns, in line with the Government's E-Russia policy focus. The
increased focus on E-Governance and ICT diffusion at all levels of
schooling is boosting the uptake of ICT goods and services by government
agencies and schools. Meanwhile, new special economic zones (SEZs),
techno-parks, and provision of venture capital are enhancing opportunities
for small businesses in the Russian ICT industry.
As corporate Russia increasingly switches from closed networks to IP
networks to increase efficiency, markets for enterprise resource planning
(ERP) as well as managed network security and IP virtual private networks
(VPNs) have received a shot in the arm. IP telephony is catching on in the
mobile telephony segment and this could be the first step toward full-scale
adoption of next-generation networks based on packet telephony.
"Communication VAS, particularly ring tones and logos, media projects,
and information and entertainment in the mobile content market, is the
fastest growing segment of telecommunication services," says Farheen Pasha,
Team Leader, ICT, Frost & Sullivan's ERA group. "Currently, less than 50.0
percent of the telephone lines in Russia are digital; however, the
government aims to completely switch from analog to digital mode by 2015."
Although the Russian Government had historically passed over the
interests of the ICT industry in favor of others such as oil and gas, it
has steadily increased interest in the IT industry. It is also actively
involved in developing the telecommunications infrastructure and is a
strong participant as well as regulator in this field.
Russia's vast human resources and low labor costs hold it in good stead
in the ICT industry, while its competent education system provides its
people with high levels of skills, excellent training, as well as intensive
scientific and engineering expertise. However, a substandard process
quality and a weak legal system and intellectual property right (IPR)
enforcement impair it. This scenario is set to change, with the present
government placing unprecedented focus on the development of the IT
industry.
The Government is sparing no efforts to upgrade the telecommunications
infrastructure and services throughout Russia. It has deployed a supportive
framework for the development of the ICT industry to make it competitive in
both domestic and international markets. It hopes to improve information
transparency and enhance the efficiency of the public as well as private
sectors.
The Government is also committed to raising the levels of penetration,
diffusion, and awareness of ICT goods and services in Russia. Moreover, a
series of high-profile industry reports changed the general perception that
the ICT infrastructure in Russia is inadequate by publishing positive
articles.
Russia has been the biggest spender on IT among the central and eastern
European (CEE) countries and its spending has been higher than the global
average since 2002. This is mainly due to the growing affluence of the
Russian population and the global awareness of its enterprises. This
industry's growth is high and stable, considering it witnessed double-digit
growth for the last five years and is poised for further growth until 2010,
though consumption trends in telecommunication vary across regions as well
as segments.
"The United States and the European Union (EU) recognized Russia as a
market economy in 2002," notes Pasha. "With a gross domestic product (GDP)
of more than US$814.76 billion and an economic growth rate of 6.7 percent
in 2006, Russia is poised for further strong growth in the future."
The three-part series on Russian ICT Industry is part of the Frost &
Sullivan Energy GPS subscription services. The Political and Policy
Analysis of the Russian ICT Industry provides a detailed coverage of the
political establishment, general economic and industry specific policies,
and their impact on the industry. The Economic Analysis provides an
overview of the market size, a discussion of drivers as well as restraints,
and an analysis of market structure in the context of the overall Russian
economy. The Social, Infrastructure, and Labor Analysis studies the labor
market dynamics, infrastructure conditions, and consumption profile.
Analyst interviews and briefings are available to the press.
Frost & Sullivan's Country Industry Forecast research provides a unique
country-specific perspective on various industries. The valuable
Country-Industry Linkage includes in-depth analyses and forecasts.
The Frost &Sullivan Economic Research and Analytics team provides
research focused on timely and critical sociometric, econometric,
demographic, political, and regulatory information for specific countries
by industry. It produces research services, economic impact articles, and
economic updates that discuss relevant and critical economic trends.
Frost & Sullivan, a global growth consulting company, has been
partnering with clients to support the development of innovative strategies
for more than 40 years. The company's industry expertise integrates growth
consulting, growth partnership services, and corporate management training
to identify and develop opportunities. Frost & Sullivan serves an extensive
clientele that includes Global 1000 companies, emerging companies, and the
investment community by providing comprehensive industry coverage that
reflects a unique global perspective and combines ongoing analysis of
markets, technologies, econometrics, and demographics. For more
information, visit http://www.frost.com.
Contact:
Danielle White
Corporate Communications - Global
P: +1-210-247-2403
dwhite[at]frost[dot]com
Sarah Lourdes
Corporate Communications - Southeast Asia & ANZ
P: +60-3-6204-5878
E: sarah[dot]lourdes[at]frost[dot]com
Bo Zhang
Corporate Communications - China
P: +86-21-5407-5780 ext 8611
E: bo[dot]zhang[at]frost[dot]com
http://www.frost.com
SOURCE Frost & Sullivan
Click on the labels below for more posts on those categories
Labels: alternative-destinations, competitive-advantage, it, it-russia, it-trends, russia, trends-asia
PermaLink - Russian IT Industry Set to Don the Mantle of IT Outsourcing Major posted by Ecacofonix : 8:57 AM
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