Grand Russian IT Promenade ? Outsourcing Growth, Russian CeBIT, VC and High Tech Start-ups

Are you interested in knowing who is the holder of the keys to the future of IT? Me too! Consider this. According to the Moscow Times, in 2006 Google held its annual Global Code Jam, brings the programmers from around the world to compete with the same problem online. And these tasks are not a joke, but for from-hard-Programmers . What is your guess about the winner? (True, I was a little biased and I thought that Russia would be among the top-programmers.) And that is exactlyCase, a Russian programmer won the prize. In fact, among the 100 finalists, 33 were Russians. Other important “youth power” contained twelve Chinese seven Americans, six German and three Canadians. Surprisingly, not a single Indian there …

Given all this brain power, it is no wonder that the results of the IT market developments in Russia, are the most prominent outsourcing, very promising. According to Leonid Reiman, Russian Minister of Communications and IT, the growthRussian IT market grew a total of 13.6 billion USD in 2006, representing a growth of 17% over the previous year. 23 million PCs (33% growth) and 25.1 million users (15% growth) were in Russia in 2006. Russia expects an increase of digital TV, total Internetization the school system and Techno-Park Development, said the Minister. Techno-parks alone should output a value of U.S. $ 4 billion achieved, while the total revenue from the IT sector is at 40 billion U.S. dollars directly to the year 2010.

The real cashCow of the Russian IT industry has its IT outsourcing (ITO) sector. RUSSOFT reported that the Russian software exports increased by almost 54% and reached USD 1.5 billion volume in 2006. During the last five years the Russian ITO market grew by 30-40%. Russia is right behind India and China with regard to the best offshoring locations of the market volume. RUSSOFT highlighted that over 50% of the market of Moscow and St. Petersburg company was created, with others located in primarilyNovosibirsk, Nizhny Novgorod and Yekaterinburg. NeoIT company estimates that this year the growth of the outsourcing industry will reach 40-45% at.

– Piracy Report

Intel Russia under President Steve Chase recently Reksoft IT Quarterly as saying that the outsourcing market is “going to reach one billion U.S. dollars has been cited this year. People know that you are in Russia, because it is a very fast growing market. “The U.S. IT giant has invested 700 million U.S. dollars in Russia over the past 15 years, while other companies such asBoeing, Motorola, Google and HP has its R & D centers in Russia.

As the Moscow Times reported Epam and Luxoft, the leading Russian outsourcing companies employ approximately 5,000 employees and a turnover in 2006 reached USD 148 million, an increase of 45% over the same month last year. When in India, compared to 80% of global market share, provides Russia with its tiny little 3%, but the potential is strong, since it increased by a growing number of IT graduates, strong education system and better infrastructureLevel.

– Piracy Report

All these important developments were conceived in the huge Russian presence at CeBIT, the annual IT fair in Hanover, Germany, instead. This year, Russia was the official CeBIT-country partner. The Russian Pavilion will present approximately 150 exhibitors and major Russian IT, IT consulting, outsourcing and information company. The pavilion was established by high-ranking government officials, including Deputy Prime Minister and Minister Naryshkin Reiman, who accompanied them proudly supportsGerman Chancellor Angela Merkel at the booths of the participants. Minister Reiman was optimistic announced, that would be the Russian IT exports were $ 1.8 billion increase in 2006 and over the next three years to 10 billion USD.

http://www.piracyreport.pannipa.com/2009/10/24/grand-russian-it-promenade-outsourcing-growth-russian-cebit-vc-and-high-tech-start-ups/