Large and medium-sized companies account for

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is was reported by Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development Maria Bagreeva.

"The demand for IT products is high in all sectors of the economy: trade, medicine, education, finance, logistics. Both user applications and business process automation are actively developing. At the same time, interest in domestic solutions is growing. Moscow accounts for about 70% of the country's IT sector south africa whatsapp resource turnover," said Maria Bagreeva.

84% of the industry's turnover, while small companies account for 16%. Large and medium-sized businesses earned 43% more in four months than in the same period in 2023, while small businesses earned 39%.

In March, Moscow Mayor Sergei Sobyanin wrote on his Telegram channel that Moscow IT companies earned about 3.5 trillion rubles in 2023 and increased their turnover by almost 20%. More than 71% of this volume came from software developers.

"The main driver of growth, of course, remains import substitution. Companies continue to implement previously planned projects to switch to domestic software. According to a study by the National Research University Higher School of Economics, the volume of sales of products by Russian developers from 2020 to 2024 is growing by an average of 26% per year," said Alexander Semenov, CEO of the KORUS Consulting Group
.

"Everyone understands that soon Western services that people continue to use will be disconnected. Therefore, the main budgets are allocated to ensure that all these services are imported as soon as possible," said Napoleon IT Commercial Director Konstantin Price.

However, Softline Solutions Commercial Director Alexander Minin believes that the import substitution process has reached its peak, and some products are already at the stage of slowing growth. However, there are some segments that Russian vendors are just mastering. DataRu CEO Roman Gots notes that everything related to AI solutions is still at the initial level of development, if compared to where the leaders in the global market have gone over the past two years.

Most representatives of the IT sector agree that the main driver of growth is import substitution. However, there are other reasons. Kirill Semion, General Director of the ANO "National Competence Center for Information Systems of Holding Management" (NCC ISU), believes that the turnover of IT companies has grown so significantly because prices for all types of IT services and work have become higher, the cost of equipment and salaries in the IT sector have increased.

DCLogic CEO Evgeny Shelestyuk believes that the widespread growth of Moscow IT companies is connected with the growth of digitalization of Russian enterprises. In his opinion, the growth of artificial intelligence technologies and work with big data, which require high-performance computing resources, plays an important role, and many of the customers are upgrading their equipment.

According to Ilya Bublik, Director of Business Development at SKB Kontur , government support measures contribute to the stability of the industry and its development. Maria Markova, Commercial Director of Linx, noted that the rapid growth in demand for the creation of domestic protective equipment also had an impact - their range has become wider, as has the range of technologies used for them.

The head of the IT department of the Polylog agency and the author of the Telegram channel "GOS IT Bogatyreva" Lyudmila Bogatyreva points out that even greater growth is possible by the end of 2024, since private companies that own critical information infrastructure (CII) facilities will be prohibited from purchasing foreign software from September 1, 2024 (PP of November 14, 2023 No. 1912), and government agencies will be prohibited from using it at their CII facilities from 2025 (presidential decree of March 30, 2022 No. 166).

Analysts suggest that with government assistance, Russian vendors will be able to occupy up to 90% of the domestic IT market by 2030.