IT market size in Russia in 2020, by segment

In the Russian information technology (IT) market, the IT equipment sector was the largest, with its value ranging from 16 to 19 billion U.S. dollars in 2020. The estimated revenue of the software industry measured at a minimum of 3.43 billion U.S. dollars and a maximum of six billion U.S. dollars. Russian IT companies earned 1.83 trillion Russian rubles in 2020 in total.

IT services market in Russia

Russian consumers were expected to spend 477 billion Russian rubles on IT services in 2021, up from 422 billion Russian rubles in the previous year. IT services generally include assistance to organizations in areas like business processes, applications, infrastructure, and IT outsourcing. The highest-earning provider of IT services in the country was the company group Lanit.

Software market in Russia

Nearly 53 percent of the revenue of Russian software companies came from domestic sales in 2020. That share significantly increased from 39 percent in 2018, as more Russian companies used domestic solutions and analogs of programs developed abroad. The largest provider of software as a service (SaaS) in the country was Softline, having earned over 22.4 billion Russian rubles in 2020.