2010: Russian IT market to treble at the expense of local companies
According to the forecasts of the Ministry of Communications, from 2006 to 2010 the Russian IT-market should treble at the expense of the domestic innovative production development.
Dec 04, 2007
Experts say accelerating development of innovative projects and enterprises due to attracting sufficient investment and increasing the number of qualified specialists might help fulfill the challenge stated.
According to the forecast of the Ministry of Communications, by 2010 the Russian IT market should reach $39 bln., Dmitri Milovantsev, Deputy Minister of Communications & IT, reported at the first All-Russian Forum of Innovators. Currently, the domestic IT market amounts to $13.3 bln. However, at present the market demand 'is satisfied ... mainly at the expense of foreign technological solutions'.
According to Dmitri Milovantsev, 'in the coming four years we will be able to treble the market, first of all at the expense of developing product lines based on our domestic innovations'. His optimism is encouraged by 'the growth rate of the largest companies in the IT market, which significantly exceeds the economic growth rate in general and is at about 30-40%'.
The deputy minister says currently such established companies as Sitronics and Armada obtain sufficient funding to buy technological solutions and become the technologically unique companies'. Besides, the tendency is developing, when 'the IT companies, first of all the ones based on innovationa, act as an incentive for the stock market development'.
One of the state institutions to back up the Russian ICT sector is a specialized venture fund OJSC Rosinfokominvest. The amount of investment into the domestic ICT industry, especially due to the Fund activity, should come to $3 bln. by 2010, which is a 12-fold increase as compared to 2007 ($250 mln.). At the same time, Grigory Bunatyan, Director General of Rosinfokominvest, says the ICT sector is currently experiencing acute shortage in investment, especially as compared to western countries. He believes Russia is behind by 5-10 years. 'If financing and developing the technologies currently used by companies continues, then the gap will widen. The only way out is the accelerated development of innovative projects and enterprises', - he says.
Lyudmila Verbitskaya, Vice Chairman of the Council for Science, Technology and Education at the RF President, Rector of St. Petersburg State University, believes 'commercialization of research and development is hampered by the Russian legislation imperfection'. Another acute problem, she believes, is specialist training. According to Lyudmila Verbitskaya, 'only about 100 Russian universities prepare specialists that meet the world requirements’, while the overall number of higher institutions in Russia is 3355. Even the universities known for the high level of training do not satisfy the demand for specialists. Thus, for example, all St. Petersburg universities release about 450 IT specialists with high level of qualification a year, which covers only one fifth of the northern capital demands.
According to the forecast of the Ministry of Communications, by 2010 the Russian IT market should reach $39 bln., Dmitri Milovantsev, Deputy Minister of Communications & IT, reported at the first All-Russian Forum of Innovators. Currently, the domestic IT market amounts to $13.3 bln. However, at present the market demand 'is satisfied ... mainly at the expense of foreign technological solutions'.
According to Dmitri Milovantsev, 'in the coming four years we will be able to treble the market, first of all at the expense of developing product lines based on our domestic innovations'. His optimism is encouraged by 'the growth rate of the largest companies in the IT market, which significantly exceeds the economic growth rate in general and is at about 30-40%'.
The deputy minister says currently such established companies as Sitronics and Armada obtain sufficient funding to buy technological solutions and become the technologically unique companies'. Besides, the tendency is developing, when 'the IT companies, first of all the ones based on innovationa, act as an incentive for the stock market development'.
One of the state institutions to back up the Russian ICT sector is a specialized venture fund OJSC Rosinfokominvest. The amount of investment into the domestic ICT industry, especially due to the Fund activity, should come to $3 bln. by 2010, which is a 12-fold increase as compared to 2007 ($250 mln.). At the same time, Grigory Bunatyan, Director General of Rosinfokominvest, says the ICT sector is currently experiencing acute shortage in investment, especially as compared to western countries. He believes Russia is behind by 5-10 years. 'If financing and developing the technologies currently used by companies continues, then the gap will widen. The only way out is the accelerated development of innovative projects and enterprises', - he says.
Lyudmila Verbitskaya, Vice Chairman of the Council for Science, Technology and Education at the RF President, Rector of St. Petersburg State University, believes 'commercialization of research and development is hampered by the Russian legislation imperfection'. Another acute problem, she believes, is specialist training. According to Lyudmila Verbitskaya, 'only about 100 Russian universities prepare specialists that meet the world requirements’, while the overall number of higher institutions in Russia is 3355. Even the universities known for the high level of training do not satisfy the demand for specialists. Thus, for example, all St. Petersburg universities release about 450 IT specialists with high level of qualification a year, which covers only one fifth of the northern capital demands.