Monetary sanctions negatively affected investors’ appetite in Russia ICT Sector : Ken research

• Respondents showcases that a sizeable number of the respondents willing to decrease their ICT budget slightly or significantly.
• The current adverse monetary state of Russia has its toll over range of ventures affecting the ICT investments in the nation.
• Customer support, service support & help desk management are few IT functions that are predominantly outsourced by most of the respondents.

Ken research announced its recent production on “ICT investment trends in Russia; Enterprise ICT spending patterns through to the end of 2017,” offers insights on  ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 98 Russian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Russia. The report comprehends how ICT rubles are being allocated by Russian enterprises in specific geographies and size bands. Moreover the publication provides an in-depth analysis of the Russian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers' priorities and the current strategic objectives of Russian enterprises which will further help every individual from regional to foreign to realign their strategies.
Russia has an upper-center income blended economy with state proprietorship in strategic zones of the economy. Market changes in the 1990s privatized a lot of Russian industry and agriculture, with striking special exceptions to this privatization happening in the vitality and defence related segments. Russia's incomprehensible geography is an essential determinant of its financial activity, with a few sources assessing that Russia contains more than 30 percent of the world's natural assets.
In 2015, the Russian economy was ranked sixth largest across the globe by PPP and twelfth largest at market exchange rates. Between 2000 and 2012 Russia's energy exports intensified a rapid growth in the standard of living, with real disposable income rising by 160% which is accounted to more than sevenfold increase according to US monetisation. All this while, the unemployment and poverty more than halved but in 2015, the unemployment rate grew from 5.2 in 2014 to 5.6 in 2015.
The Russian economy experienced two noteworthy shocks in 2014, barely avoiding recession with moderate development of 0.6%. The main shock was the sharp decrease in oil prices amid the third and final quarter of 2014, uncovering Russia’s outrageous dependence on worldwide product cycles. After fluctuating within a tight band near USD 105 for every barrel from 2011-2013, crude oil costs ended 2014 at less than USD 60 for each barrel. The second shock was the monetary sanctions resulting from geopolitical tensions, which contrarily influenced investor appetite for Russian endeavours. Capital flights and high inflation exacerbate Russia’s monetary burdens as the economy enrolled the steepest compression since 2009 contracting 3.7% in the full year 2015.
The monetary impact is reflected on the investment trends of the Russian organizations which witnesses a downward trend. Most of the respondents outsource few of the IT services predominantly to improve the efficiency of all these services which include customer support, service support, help desk and management.
Topics Covered in the Report

• Global ICT Industry research
• Russia ICT Market research
• Russia ICT market Outlook
• Russia ICT market trends
• Cloud Computing market Trends Russia
• Mobile Phone subscribers report Russia
• Broadband connection research report Russia
• Russia IT budget Allocation market
• Russia cloud computing budget allocation
• Russia ICT budget allocation

To know more on the coverage, tap on the link underneath:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/ict-investment-trends-in-russia-spending-patterns-2017/53766-105.html
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Ankur Gupta, Head Marketing & Communications
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