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News Release

Oct 19, 2007

Russia in the global outsourcing market: outsourcing industry growth rate exceeds expectations, says Russoft industry survey

Russoft has published its fourth annual survey on the Russian export market of software products, services and solutions. According to the study, the growth of the Russian software exports in 2006 exceeded the forecast and reached $1.5 billion. The 2006 growth rate was 54% against 30% in 2005. The survey reports an average staff growth rate of 20%.

What are the drivers that push the ICT and the outsourcing industry growth? A stable growth of the Russian economy, a favorable investment climate, the domestic ICT market showing a rising demand for software development services, the infrastructure being constantly developed—all that contributes to the progress of the industry. Software outsourcing is also demonstrating some important trends this year, including consolidation of the industry players and close attention to reforming the education system. However, there are a number of problems that slow down the industry growth. Administrative, legislative and taxation support provided by the government should increase significantly to ensure the overall success.

The Russian software outsourcing industry is strongly positioned in the highly competitive global market, which is recognized by the world’s leading analysts and market players. These are the major achievements of the past year. Russia is recognized as a successful outsourcing destination for high-end software development projects. Profound knowledge of math, physics and science, strong analytical skills, and the ability to solve complicated tasks give Russia advantages to successfully compete with India, China, and Eastern Europe for the outsourcing projects in the area of product engineering.

Andrei Pronin, Auriga Director for Business Development, comments on the findings of the Russoft study, “The survey performed by Russia’s major industry association contains the same conclusions as the leading industry analysts have been making recently. The Russian engineering labor pool has a lot to offer to companies who seek specific R&D skills and need a comprehensive approach to complex projects. Focus on hi-end software development services outsourcing is Russia’s strategic positioning in the global market.”

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