Russian ICT Industry - On a Stable High Growth Trajectory
Frost & Sullivan to Host Interactive Analyst Briefing on the Russian ICT Market on Tuesday, December 19, 2006
Dec 15, 2006
The ICT industry is the fastest growing industry in Russia and one of the most buoyant, dynamic and diverse in the world. Russia is currently in its fourth consecutive year of high double digit growth and is poised for a period of boom from 2007-2010. The country is well in the process of upgrading requisite infrastructure, and making legal and policy provisions for its ICT industry.
The Russian Government has historically played an active role in the creation of telecommunications infrastructure. Despite privatization and liberalization in 2002, major participants in the telecommunications industry are state-owned organizations. Though government support for the Russian IT industry began only in 2002 and has intensified only since 2005, the government has ambitious plans to make the country one of the top three global outsourcing destinations by 2010.
Offshore software development is receiving tremendous policy impetus, as an area of comparative advantage. Broadband Internet and mobile telephony are booming, outstripping industry predictions. Increased procurement by Russian schools and government agencies and increasing networking in corporate Russia is bringing forth diverse demand needs. SEZs, techno-parks, and provision of venture capital are increasing opportunities for businesses in the Russian ICT industry like never before.
Highlights of the briefing include an assessment of the present and future political and policy environment of Russia and its influence on the development of its ICT industry -- with special mention of emerging growth opportunities as a result of the latest policy initiatives. With IP telephony and WLAN technologies rapidly gaining traction, extending IP communications to wireless devices becomes the next frontier of technology innovation. Will single-mode devices continue to appeal to business users as dual-mode devices begin to penetrate the market and IP telephony capabilities become extended to cellular phones?
"Vladimir Putin can be credited with bringing unprecedented focus to the development of the Russian IT industry. A vast labor pool, low labor costs and a thorough education system are the biggest advantages for the Russian ICT industry," says Frost & Sullivan ICT Team Leader Farheen Pasha. "However its weak Intellectual Property Rights enforcement, substandard process quality and outdated telecommunications infrastructure have thus far held it back. The Russian Government is working toward transforming its role -- from being considered as a weakness into becoming one of the chief promoters of the Russian ICT industry."
Those interested in participating in the interactive webinar should send an email to Mireya Castilla - Corporate Communications at [email protected] with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. She will send the registration details via e-mail upon receipt of the above information.
This briefing will benefit research staff, strategic planners and business development managers, looking to assess and seize market opportunities in this exciting and diverse market.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. While serving clientele including Global 1000 companies, emerging companies and the investment community, Frost & Sullivan's comprehensive industry coverage includes a unique global perspective that combines ongoing analysis of markets, technologies, econometrics and demographics. For more information, visit http://www.frost.com/.
The Russian Government has historically played an active role in the creation of telecommunications infrastructure. Despite privatization and liberalization in 2002, major participants in the telecommunications industry are state-owned organizations. Though government support for the Russian IT industry began only in 2002 and has intensified only since 2005, the government has ambitious plans to make the country one of the top three global outsourcing destinations by 2010.
Offshore software development is receiving tremendous policy impetus, as an area of comparative advantage. Broadband Internet and mobile telephony are booming, outstripping industry predictions. Increased procurement by Russian schools and government agencies and increasing networking in corporate Russia is bringing forth diverse demand needs. SEZs, techno-parks, and provision of venture capital are increasing opportunities for businesses in the Russian ICT industry like never before.
Highlights of the briefing include an assessment of the present and future political and policy environment of Russia and its influence on the development of its ICT industry -- with special mention of emerging growth opportunities as a result of the latest policy initiatives. With IP telephony and WLAN technologies rapidly gaining traction, extending IP communications to wireless devices becomes the next frontier of technology innovation. Will single-mode devices continue to appeal to business users as dual-mode devices begin to penetrate the market and IP telephony capabilities become extended to cellular phones?
"Vladimir Putin can be credited with bringing unprecedented focus to the development of the Russian IT industry. A vast labor pool, low labor costs and a thorough education system are the biggest advantages for the Russian ICT industry," says Frost & Sullivan ICT Team Leader Farheen Pasha. "However its weak Intellectual Property Rights enforcement, substandard process quality and outdated telecommunications infrastructure have thus far held it back. The Russian Government is working toward transforming its role -- from being considered as a weakness into becoming one of the chief promoters of the Russian ICT industry."
Those interested in participating in the interactive webinar should send an email to Mireya Castilla - Corporate Communications at [email protected] with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. She will send the registration details via e-mail upon receipt of the above information.
This briefing will benefit research staff, strategic planners and business development managers, looking to assess and seize market opportunities in this exciting and diverse market.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. While serving clientele including Global 1000 companies, emerging companies and the investment community, Frost & Sullivan's comprehensive industry coverage includes a unique global perspective that combines ongoing analysis of markets, technologies, econometrics and demographics. For more information, visit http://www.frost.com/.