IT market in Russia – more than 20% up in 2011 again - August 2011

In 2010 the IT market in Russia recovered the growth. Last year the total net value of IT products and services sold in the country increased by 23.4% year on year to RUB 516bn (€12.8bn). However if measured in euro, the market value still remains €1.1bn smaller in comparison to almost €14bn reached in 2008.
The increase of the sales in 2010 was registered in every segment of the Russian IT market,. The main reason for the market recovery in 2010 was overall improvement in Russian economy and growing confidence of the consumers in their future incomes. As a result the retail sales of personal computers, in particular of the notebooks, were quickly growing pulling the entire market up.