The Russian IT-market not only survived after foreign software vendors pulled out of the market, but is demonstrating good adaptive capabilities. Domestic software developers boosted sales of their solutions and received record-breaking profits last year.
Our government sees positive trends in the situation, saying about the drastic growth of solution deployment rate, accelerated import substitution and technological sovereignty. Systemic players build more technological partnerships across the entire perimeter of the industry, offering customized solutions on a ‘turn-key’ basis.
However, major software users notice a number of challenges which include the increased prices for IT solutions, problems with their integration in corporate infrastructure, as well as the necessity to arrange data migration processes. On top of that, Russian software does not cover all of the customers’ needs. Some foreign vendors of general-purpose and industrial software still want to stay in the Russian market through some evasion mechanisms, which also poses a challenge.