IT Market Recovery and Forecasts
After the decline in 2022, the Russian IT market began to actively recover in 2023, primarily due to the development of the software and IT services segment. From 2020 to 2023, the market grew by an average of 8% per year, and in 2024, growth rates are expected to accelerate to 14%, which will lead to an increase in its volume to 3.5 trillion rubles. The software and IT services segments will also continue to grow — the projected growth for 2024 is 13%, reaching 1.4 trillion rubles.
In the long term, the IT industry will grow by an average of 8–13% annually and will reach from 5.2 to 7.0 trillion rubles, depending on the scenario. Market development is supported by the strengthening of technological sovereignty, the use of platform solutions, the introduction of artificial intelligence technologies, and the strengthening of cybersecurity measures.
Growth Leaders Among Corporate Software Segments
The corporate software segment will outpace the overall IT market by two times, showing an average annual growth of 24%. The main areas that will demonstrate the highest growth rates:
- HR-Tech — an average of 34% annually, reaching 109 billion rubles by 2030, thanks to the active development of the legislative framework in the field of personnel management.
- Software for private clouds — an average of 30% per year, by 2030 the market volume will be 115 billion rubles, which is due to an increase in the share of large companies using their own cloud infrastructure.
- Public cloud services — growth of 25% per year.
- Corporate communication and productivity — 21% per year.
- Data management — 11% per year.
- Tax monitoring — 23% per year.
The Role of Russian Companies and Government Support
Russian IT companies are demonstrating accelerated growth. The total revenue of the 100 largest domestic IT organizations at the end of 2023 reached 2.5 trillion rubles, an increase of 19% compared to 2022 and 32% compared to 2021.
Among the leading players in the corporate software market are Sber, Yandex, VK Tech, Astra, T1, MTS, SKB Kontur, Selectel, Rostelecom, Arenadata, 1C-Bitrix, and Red Soft. Companies are actively developing ecosystem products, allowing customers to work in a unified environment with solutions from one vendor.
Government support plays an important role in the development of the market. In the period from 2025 to 2030, a preferential income tax rate of 5% will be in effect for IT companies. The state also stimulates the digitalization of business processes and public services, which creates additional demand for domestic technological solutions.
Main Trends in the Development of Corporate Software
- Growing demand for artificial intelligence. The introduction of AI into software solutions is becoming a necessity for business.
- Focus on cybersecurity. The demand for on-premise solutions and private clouds is increasing.
- Ecosystem approach. Vendors offer comprehensive products for corporate communications and productivity.
- Big Data and analytics. The need for advanced data storage and management systems is growing.
- Cloud transformation. Popularization of cloud solutions in both public and private segments.
- Improving user experience. Development of digital platforms to improve the efficiency of business processes.
Summary
The Russian corporate software market continues to develop dynamically, attracting investment and supporting the digital transformation of business. Domestic companies are occupying the vacated niches after the departure of foreign vendors, and government support and the growing demand for modern technologies contribute to the sustainable development of the industry. It is expected that in the coming years the market will become one of the key drivers of growth for the entire IT industry in Russia.