Main article: IT market in Russia
Market segments
- Enterprise Software (Russian Market)
- Office Software (Russian Market)
- Engineering Software (Russian Market)
Software in state-owned companies of Russia
Main article: software in state-owned companies in Russia
2024: FAS: Software manufacturers receive excess profits from their monopoly position
Russian software developers (software) receive super profits by taking advantage of their monopoly position in the market after the departure of foreign companies. This was announced on June 19, 2024 by the head of FASMaksim Shaskolsky.
According to God, the current situation is a classic example of monopolistic activity, when companies inflate prices to extract excess profits. According to him, such actions could be the object of an antitrust response, but at present the ban on monopolistic activities does not apply to intellectual property.
FAS Russia considers it necessary to exclude such immunities from the Law on the Protection of Competition. Maxim Shaskolsky stressed that this will not affect the level of protection of the rights of copyright holders, but will allow developing competition in digital and related markets. He also noted that this initiative could be included in the "sixth antimonopoly package."
In addition, the service develops special antitrust measures for social networks, search services and video hosting. According to Maxim Shaskolsky, it is necessary to develop special criteria for regulating such platforms in order to take into account the interests of all participants and contribute to the development of fair competition.
Maxim Shaskolsky also spoke about the legislative initiatives of the department aimed at improving the mechanism for revising the prescriptions previously issued by the Federal Antimonopoly Service. In particular, a bill has been proposed providing for the possibility of revising the regulations in the event of the use of foreign exchange and over-the-counter indicators in pricing.[1]
2023
The volume of the Russian software market for the year grew by 15% and exceeded 1.3 trillion rubles
In 2023, the volume of the Russian software market reached 1.303 trillion rubles. This is 15% more compared to 2022, when expenses were estimated at 1.133 trillion rubles. This is stated in the review of the Russoft association, published at the end of August 2024.
The authors of the study take into account not only license sales and distribution software according to the model (SaaS software as a service), but also services for custom development, implementation and technical support of their own solutions. Thus, all segments of the IT market, which are key for software companies, are combined in the assessment. Such an approach differs from the classical method of foreign analytical agencies and is allegedly justified in studying the state of the software development industry specifically. At the same time, Russoft's calculations do not take into account sales (ON both custom development services and own software products) of companies that cannot be recognized as software, since their development of such products is not the main area of activity. In addition, revenues from advertising in free applications, from the sale of services obtained through the use of their own solutions, as well as from the supply of software and hardware systems, in which a significant part of the cost falls on software, are not taken into consideration.
The review said that the pace of development of the industry is accelerating. So, in 2022, growth in relation to the previous year was recorded at the level of only 1%. In 2023, a significant growth in the software market was observed against the background of the departure of most foreign software suppliers from Russia. Ruslan Gainanov, General Director of TEAM FORCE, founder of TEAM FORCE Alliance, says that the Russian IT industry is rapidly reorganizing towards domestic industrial software. The success of such a transformation lies in the area of redistribution of competence, cooperation of resources and centralization of efforts in the development of industry solutions, including with open source. At the same time, the problems of lack of personnel are successfully solved through the mechanisms of outstaffing and project employment.
 | The most promising strategy for service IT companies today is the corporatization of successfully operating businesses into a single holding. The main task of such an association is to implement a cooperative business model and attract external capital for the joint intensive development of complementary digital products. As an indicator of value assessment, the "nanoritarian" shareholder of such a holding may be an industrial partner, "Gainanov notes. |  |
In the total volume of the market in 2023, custom software development services accounted for about 205 billion rubles. In this segment, there was a decrease of 22% compared to the previous year. The Russoft Association determines sales of foreign software in Russia according to the statistics of the Bank of Russia, according to which the import of computer services decreased in dollar terms from $3.358 billion to $2.737 billion (or 18.5%), but in ruble terms increased by about 1% - to 233 billion rubles. The growth of the entire software market was ensured by the sale of domestic software products and services for their implementation, which reached 865 billion rubles: this is 35% more compared to 2022.
| | Experience shows that the volume of services in custom and outsourcing development in 2023 really fell by 20% compared to the previous period. This is due to the general increase in prices for IT services, and it, in turn, became a response of the business to the growth of inflation and wages of specialized specialists. The changes affected mainly small and medium-sized IT companies. And yet, thanks to indexation, they were able to increase their revenue by an average of 10-20%, - emphasizes Oleg Chebulaev, CEO of Mad Brains. | |
Since 2022, according to the study, service companies have begun to actively develop their own replicated products. Often these are typical solutions that were created on the basis of multiple experience gained during the development of software to order. Such solutions can be registered as software products and placed in the Register of domestic software in order to obtain appropriate benefits. As a result, service companies can completely or at least partially turn into software suppliers.
As Maxim Semenkin, CEO of CodeInside notes, service companies began to create their own products not only for the reason that they have accumulated enough experience, but also because of distrust of vendors who left the Russian market in 2022. In this situation, many organizations began to form their own IT divisions. So, large federal companies, not always associated with IT, create captive IT structures, taking orders from external developers. This not only prevents the formation of a request for custom development, but also increases the shortage of qualified personnel.
| | This is probably a temporary, cyclical phenomenon. Insourcing has its downsides, which will be realized after a while. After that, the pendulum will swing towards outsourcing, - Semenkin believes. | |
The Russoft Association believes that by the end of 2024, the growth of the Russian software market will be at the level of 2023 or surpass it. Software imports will either continue to decline or change slightly. The prerequisites for a large and obvious increase in sales of custom software development services are also not expected.[2]
Sales of Microsoft software rose sharply in Russia
In 2023 Russia , sales software Microsoft through online sites increased sharply. Users are actively purchasing licenses for the operating system Windows and office suite, Office 365 as stated in the study, the results of which were published on February 19, 2024. More. here
Russian Software Development Market Overview
According to an analytical study of the Russian software development market conducted by digital integrator Notamedia, despite the departure of more than 150 IT companies from the Russian market since the beginning of 2022, in 2024 the growth rate will reach 14%, by 2028 - 15%. Notamedia announced this on February 7, 2024.
According to experts, if until 2022 the growth rate of the industry was 7-10%, then starting from 2023 this figure is estimated at 13-15% per year. It is expected that the volume of the software development market in 2023 in monetary terms will reach 1890 billion rubles, of which the volume of custom development will be about 340 billion rubles.
In 2022, domestic sales of development products grew by 15% to 56% of total sales, Russian software while the share of exports decreased to 44% as a result of geopolitical events. Growth in 2023 and projected indicators for the period 2024-2028. due to the development of new, poorly established sales markets in the person, and countries Asia. Africa Latin America Therefore, in the coming years, the development market growth is expected in two directions: the emergence of new international buyers and the desire of domestic software suppliers to occupy the niches freed up after the departure of foreign companies.
According to experts, a serious deficit is associated not with a "massive outflow of personnel," but with a significant decrease in the dynamics of new personnel. According Ministry of Digital Development Russia, over the past 2022, only about 100 thousand, or 10%, IT specialists left Russia, while 80% of them continued to work in Russian companies. The new personnel, especially the senior level and above, the market is practically not fueled. Taking into account this dynamics, the shortage of personnel in the IT market in monetary terms may amount to 30 billion rubles. in the next 2 years.
The methodology of the study conducted in December 2023 is based on the aggregation and analysis of data from open and closed sources, performed by the analytical department of the digital integrator Notamedia. For more information on the results of the study, see the link in the report.
The number of software patents in Russia for the year increased by 23.3% to 31.9 thousand programs
In 2023 Rospatent , he registered 31.9 thousand computer programs, which is 23.3% more than a year earlier. This was reported in mid-January 2024 by Online Patent, referring to the statistics of the department. More. here
Russoft released a rating of regions for the development of the software market
In December 2023, the Russoft Association published an updated rating of the regions of the Russian Federation in terms of software market development. According to experts, the most negatively imposed sanctions against Russia affected the subjects in which there was a high dependence on income received from unfriendly countries. The presence of large companies involved in import substitution was positively reflected.
In the Leaders division, analysts noted the Nizhny Novgorod and Novosibirsk regions. The first loss from the closure of Russian development centers for foreign companies turned out to be insignificant, since their departure from Russia stretched for the whole year. It turned out that the region's dependence on sales to "unfriendly countries" is not very great.
According to the study, the Voronezh region, in which many development centers for foreign corporations functioned, dropped from 8th to 11th place due to dependence on revenues from abroad. Almost all companies that had their production branches in Voronezh stopped working in Russia, and some of them organized the relocation of their Russian employees abroad. significant.
Similar problems were identified in the Saratov and Omsk regions, in which there are a fairly large number of well-trained specialists working in development centers for companies from other regions, but too few for such large-sized constituent entities of the federation of software companies that have at least average size. Saratov and Omsk regions did not drop in the ranking, since large enterprises that have created their own development units in these regions continue to operate in Russia. At the same time, they do not yet have serious claims for promotion.
The Krasnodar Territory, which took 16th place, on the contrary, is attractive for living. This is especially true for Sochi with the infrastructure created in that city for the Olympics. This region provided its rather high place, first of all, with the number of companies and the total number of specialists working in them.
The Vologda region in the previous version of the rating had fairly high positions in total revenue and exports (19th and 16th places, respectively). However, only one company provided these positions - Playrix, which develops computer games. In 2022, it closed its offices in Russia, which led to a sharp decline in the position of the Vologda region. A similar decline occurred in Yakutia. Its fairly high positions were also provided by one gaming company that left Russia in 2022 - MyTona.
According to Russoft, Moscow and St. Petersburg provide about 57% of all income for enterprises in the Russian software industry. If we do not take into account the contribution of remote software development centers, then the share of Moscow at the end of 2022 amounted to 57.7% (a year earlier - 52.3%) of the sales of the industry, and St. Petersburg - more than four times less, reducing from 17.9% to 13.5%. At the same time, the total contribution of the two capitals remained almost unchanged: the total turnover of the companies of the two capitals increased from 70.2% to 71.2%.
As the researchers emphasize, Moscow companies, on average, are much more focused on the domestic market than St. Petersburg ones. In addition, they are closer to federal authorities, large banks and corporations (both state and strategically significant private) with headquarters in the capital. Consequently, Moscow companies received the greatest benefits from the powerful acceleration of the import substitution process that occurred in 2022. "Moving" software companies to Moscow from other constituent entities of the federation also has a positive effect on the size of the capital's software industry.
The Russian software market after a year and a half of SVO. "Russoft" - about the main trends
On October 9, 2023, Russoft President Valentin Makarov spoke about the main trends in the Russian software market a year and a half after the start of the special military operation of the Russian Federation in Ukraine. The findings are based on a survey of software companies.
Import substitution. For some time it will be the driving force of the IT industry, including thanks to the allocation of funding from the state, Valentin Makarov wrote on his Telegram channel.
Digital transformation. This is an objective global trend. If Russia wants to be globally competitive, then it is necessary to promote it in all sectors of the economy, since digital transformation is the basis for the development of the country as a whole, the president of Russoft said.
Many Russian IT companies have found ways to work in the markets of unfriendly countries, while simultaneously developing exports in friendly countries. According to Makarov, the "global south" with its population of 7 billion people was impressed that Russia did not break down after the imposition of sanctions, and its IT systems withstood the multiple growth of cyber attacks.
| | Russia has proven its technological independence, and this causes not only respect in friendly countries, but also calls for us to help them build their own independent and protected IT industry. The market of friendly countries, which previously received much less attention, is now becoming the owner of the main export potential, the expert noted. | |
The beginning of the return of IT personnel from abroad to Russia. According to Makarov, many IT specialists who have left express a desire to return to Russia. By October 2023, their number is in the hundreds, but this is already a growing trend, not isolated cases, he added.[3]
2022
Shadayev: Sales of Russian software in 2022 increased by 25% and exceeded 2.2 trillion rubles
Sales of Russian software in 2022 increased by 25% compared to 2021 and amounted to 2.2 trillion rubles. The Minister of Digital Development, Communications and Mass Media of the RFMaksut Shadayev cited such figures in an interview with the Russia 24 TV channel (released on October 26, 2023).
He also said that sales of domestic cloud services over five years have tripled and reached 300 billion rubles. At the same time, the head of the Ministry of Digital Development of the Russian Federation noted that 2022 was difficult, including due to the fact that customers were forced to rebuild.
According to Shadayev, in 2022 the share of domestic manufacturers in the Russian IT market doubled, exceeding 50%. He noted that in 2022 a set of measures was implemented to support Russian IT companies - and these solutions had a good effect on heavy hardware manufacturers: servers, storage systems (DSS). The minister recalled the construction of three factories for the production of such equipment, they must meet the demand of corporate customers and data centers (data centers ).
| | And all software developers also received large support measures, starting from the fact that a moratorium on inspections has been introduced, which means that income tax has been zeroed, employees are young, up to 30 years old, and now a deferral from military service has been granted. All this, of course, additionally stimulated Russian companies to invest in development, in new developments, "Shadayev said. | |
At the end of October 2023, the head of the Ministry of Digital Development also said that Russian manufacturers had to replace 10% of the IT solutions that were previously represented by foreign developers, some of them are already at work. The minister noted that the volume of state support amounted to just over 20 billion rubles, and the volume of investments announced by companies - more than 200 billion rubles.[4]
Software market growth by 1% to 1.13 trillion rubles
The volume of the Russian software market in 2022 reached 1.13 trillion rubles, which is 1% more than a year earlier. In American currency, the market showed an increase of 8.8%, to $16.56 billion. Such data association "Russoft" published in October 2023.
As explained in Russoft, the association determines the software market in a very different way than analysts at IDC and Gartner, including not only the cost of licenses, but also revenues from the implementation and technical support of its own solutions, SaaS and custom development. That is, all sales that are the main ones for software companies and are directly related to software development.
The total volume of the software market was determined by the summation of the indicator of imports of computer services (according to the Central Bank of the Russian Federation, they amounted to $3.36 billion, or 218 billion rubles), sales of domestic software companies in the domestic market of their own software products (according to Russoft calculations, 640 billion rubles, or $9.35 billion) and sales of custom development services (264 billion rubles, or $3.86 billion).
The association noted a decrease in the share of foreign software. Since sales of Russian software companies in the domestic market rose by 37.1%, and imports of computer services, according to the Central Bank of the Russian Federation, decreased, if recalculated in rubles, by 40%, the share of foreign software decreased from 34% to almost 20%, and the share of domestic software increased from 66% to almost 80%.
The study also says that no obvious change in the volume of sales of custom software development services in the domestic market has been identified. According to the results of 2022, these services account for 23% of the total software market (a year earlier it was 23.5%). At the same time, the share of domestic software products increased significantly - from 42.5% to almost 57% (their sales in absolute terms increased by 35% in rubles and by 45% in dollars).
| | The trends described are confirmed by our experience. In the first half of 2022, uncertainty could be observed among customers. Someone postponed the start of the project, someone even froze the launched project. But in the second half of the year, most adjusted to the realities and the order book began to grow again. A similar assessment of the situation was also heard from colleagues in the industry, - said CodeInside CEO Maxim Semenkin, whose words are quoted by the Russoft press service. | |
According to Vadim Sabashny, General Director of LANIT-Terkom, 2022 was very difficult for IT companies. The main trend of this time was the growth of the share of IT services, he continues. Many companies found themselves without vendor support and replaced it with the work of service companies and integrators, which significantly changed their plans for digital transformation, and actually postponed it for a year or two. At the same time, the trend of transition to cloud services has become most noticeable. The introduction of artificial intelligence and IoT technologies into production processes has only accelerated, but mainly on domestic solutions, Sabashny added.
IVA Technologies CEO Stanislav Iodkovsky says that a slight increase in the volume of the Russian software market is a significant and positive fact for the entire industry as a whole, since it is he who shows that despite the massive exodus of foreign software vendors, domestic technologies have developed quite successfully.
| | Another parameter that indirectly confirms the maturity of the domestic software market is the listing of large Russian developers, whose initial placements were very successful, which indicates investor confidence. I am sure that by the end of 2023 the growth dynamics of the domestic software market will increase, and then this figure will also be positive, including by increasing the export potential, - said Iodkovsky. | |
The volume of investments in software development in Russia for the year decreased by 48.5% to 120 billion rubles
In 2022 software Russia , about 120 billion were invested in development, rubles which is 48.5% less than a year earlier. In dollars, the indicator decreased by 44.5%, to $1.75 billion. Such data "" Russoft was published in mid-September 2023.
According to an association study, in 2022 the share of external investments increased from 26.4% to 51.3%, and in absolute terms the volume of external investments in rubles remained unchanged - 61 billion rubles (in dollar terms, due to the strengthening of the ruble, it increased slightly - by 8.2% to $890 million). It can be assumed that the reduction in private investments was partially offset by government funding.
At the end of 2022, it turned out that the need for investment in the industry was satisfied by 63.4%, which is slightly more than a year earlier - 58%. Thus, not only has the volume of total investments decreased by about half, but the need for them has decreased to about the same extent.
Since the end of February 2022, there has been particularly high uncertainty in the economy as a whole, which has not contributed to investment activity, the researchers said. Towards the end of 2022, it became more or less clear how the import substitution process in Russia will go. To ensure this process and to promote exports to "friendly countries," software developers were able to determine the need for investments from different sources.
According to analysts, in 2022, compared with 2021, there was a significant reduction in the volume and attraction of investments, and the needs for them. But it should be borne in mind that this reduction was recorded after a powerful rise in investment activity. At the end of 2021, the total investment in the software industry amounted to 232 billion rubles ($3.15 billion), which is 2.4 times more than in 2020. The need for investment was met by 58%. This figure also increased significantly compared to 2020, when it was 37%. External sources of financing accounted for 26.4% of all investments in 2021 (a year earlier it was 22%). In absolute terms, these sources provided 61 billion rubles ($0.83 billion) in 2021, which is 2.9 times more than in 2020.
According to the expectations of the companies surveyed by Russoft, the need for investments by the end of 2023 will increase by 1.7 times (by 71%), but it will be possible to satisfy it only by 49.5%. According to respondents, the total investment in 2023 compared to 2022 may increase by 32%, and the volume of external financing - by 56%. As a result, external sources will account for 60.5% of the total investment.
According to Alexander Solomentsev, Director of the Investor Relations Department of [Red Soft (Red Soft)|Red Soft]], the reduction in the total volume of investments and their needs causes some alertness, given the massive departure of Western vendors due to geopolitical tensions and market liberation for Russian manufacturers.
| | However, we attribute dissatisfaction with financing to the high level of interest rates in the economy, which negatively affects the demand for borrowed funds from software companies. Nevertheless, the measures taken by the state to support the IT industry contributed to the stabilization of the situation and made it possible to overcome the difficulties encountered in attracting capital. We observe that the growth of the IT market in 2022-2023. contributed to the reorientation of companies to find internal sources of investment for the development and refinement of software, "he said. | |
According to Sergey Kotik, Development Director of GoodsForecast, attracting external investments is an indicator of a fairly high degree of business maturity and understanding how the company further wants to develop this business. He noted that in general, the IT market is quite optimistic, IT companies are looking for opportunities to expand and scale. While the high base rate of the Bank of Russia becomes a deterrent to lending, attracting direct investments in the authorized capital becomes more relevant, Kotik emphasized.
| | Investor activity and interest in the IT market is also growing. Moreover, interest is now growing not only in investments in product development, but also directly in business, in the development of IT companies. There is a lot of free money on the market, which will definitely increase the volume of investments in promising technology companies. So we expect a gradual increase in investment activity, "he added. | |
According to forecasts of Deputy Prime Minister Dmitry Cherynshenko, investments of state-owned companies and state corporations in domestic software (software) in 2022-2024 will amount to more than 922 billion rubles. He noted that the industrial software being created (including system-wide) almost completely replaces, and in many ways exceeds, the existing foreign software. Cherynshenko added that by April 2023 there were about 23 thousand IT companies in Russia, in 2022 their increase was more than 70%.
In 2022, Rostelecom"" increased investments in domestic software (software) to 90%, 70% of which is included in the register Ministry of Digital Development of the Russian Federation. The company invests both in ready-made market IT products and in the development of its own solutions in such areas as cyber security telecommunications, cloud technologies, virtualization, video biometrics surveillance, data management, artificial intelligence digital, medicine government digital services and others.
Custom software development in Russia: market trends and prospects, the largest players. TAdviser Overview
At least 4.5 thousand software development companies operate in Russia. Each year, their number increases by about 2.5-4%. About 41.5% of the total number of software companies offer custom development services. In 2022, this sector was supposed to continue to grow actively, but after February 24, the situation changed.
What is this market segment? What trends are affecting it now? TAdviser asked experts from Russian IT companies to answer these and other questions. Estimates and predictions of study participants - in a new review.
2021: The volume of investments in software development in Russia has grown 2.4 times
The total investment in the software industry in 2021 amounted to ₽232 billion, which is 2.4 times more than in 2020. Representatives of NP Russoft shared such data on September 14, 2022 with TAdviser. According to experts, external sources of financing account for 26.4% of all investments in 2021 (a year earlier it was 22%). In absolute terms, they provided ₽61 billion in 2021 - 2.9 times more than in 2020. The rest of the investments were made by the IT companies themselves or their founders. The data are calculated according to the results of a survey that Russoft conducts as part of its own annual research of the software industry.
Photo: forbes.com
The beginning of the investment boom led to the fact that the need for investment was satisfied by 58%, which is much more than in 2020 (37%). This indicator is calculated as a share of actual investments from the volume of effective investments that software companies are ready to master in the presence of unlimited sources of financing, analysts said.
| | A fairly high level of satisfaction with investment needs has been achieved, given that the heads of the surveyed enterprises tend to exaggerate their capabilities, - said representatives of Russoft. | |
In particular, the volume of investments in the software industry has increased due to the fact that the range of enterprises that attracted investments has significantly expanded - from 31% in 2020 to 51.5% in 2021 (from all software development companies surveyed by Russoft). The share of companies that attracted external financing increased even more - from 7% to 21%. At the same time, on average, the volume of attracted investments per company increased - from ₽22 million to ₽52 million (external investments - from ₽4,5 million to ₽13,6 million).
The analysis of public communications also indicates a significant increase in the volume of investments in 2021 and, in particular, the volume of external financing (twofold and threefold, respectively). The amount of investment news attracted by specific software companies indicates a significant rise in investment activity, which began in 2019, and a real investment boom in 2021, analysts said. If we summarize the facts of investments of more than $1 million mentioned in various publications, then by the end of 2021 the total volume of investments should reach ₽54,2 billion - this is about three times more than a year earlier (₽18,1 billion), calculated in Russoft.
It is very difficult (almost impossible) to calculate the absolute values of the volume of investments in the high-tech sphere or the size of the venture capital market. The range of estimates depending on the method used is traditionally very large. At the same time, if various sources speak of multiple growth (for example, according to a study by the Moscow Innovation Agency, venture capital investments in Moscow in 2021 set a historical maximum, increasing their volumes compared to 2020 more than threefold - to $1794 million against $536 million), although in previous years there were no signs of a sharp increase in investment activity, it is quite possible to talk about the investment boom in the software industry revealed in 2021, researchers say. At the same time, it began in 2019, then slowed down by a pandemic, but resumed again in 2020 (in the second half of the year).
However, analysts of the association were in no hurry to draw unambiguous conclusions about the beginning of the investment boom in 2021, offering to wait for the results of the 2022 survey. As a result, the assumption of an investment boom in the software development industry was confirmed.
With any division of companies into different categories, at least 41% of respondents reported attracting investments and at least 16% - about external financing. The spread depending on the type of companies turned out to be not very large. They are distinguished by the more frequent presence of investments (including external financing), companies with an export share in turnover above 50%, turnover above ₽375 million, as well as enterprises with headquarters in Moscow. The size of the company especially strongly affects the attraction of external investment.
| | "We systematically invest in developing our own IT products. In addition, we worked on the development of the Avandok platform (EDMS, ECM, BPM in one solution) and the corporate portal K-Team. The total investment during this time amounted to about 100 million rubles, "said Alexander Semenov, General Director of Korus Consulting Group. | |
According to him, the company's focus is aimed at developing IT solutions for retail, industry, logistics, e-commerce - these are the areas in which Korus Consulting has accumulated maximum expertise. At the same time, the company invests only in those projects that should bring measurable results to customers in an understandable time frame.
The results of 2021 in terms of comparing the forecast and the actual results obtained were unexpected. If only 16% of companies surveyed in 2021 expected to attract external financing in the "current year," then in fact there were 21%. In previous years, companies that in fact received external funding were much smaller than those that expected this funding (usually less than 10%).
There was such a situation when investments became available to many companies that did not even plan them. This can be partly associated with the pandemic, which accelerated the introduction of information technologies, partly with import substitution, accelerated due to sanctions and the policy of Western vendors (in any case, the need to replace foreign solutions with domestic counterparts has sharply increased).
| | For "Reksoft" the current year is definitely significant. In April 2022, we reached an agreement on investments with the Russian financial group Interros. The Group plans to acquire a substantial minority interest in Reksoft. The main goal of the investment is to form a leading independent player in the digital consulting market, software development and implementation of digital business transformation projects. The partnership with Interros gives us the opportunity to become a consolidation center in the rapidly changing IT market and multiply scale our business by combining the most professional IT teams, "said Alexander Egorov, CEO of Reksoft, member of the board of NP Russoft. | |
According to the results of a survey conducted this spring, in 2022 they plan to attract investments in the development of 52.1% of the surveyed companies. It was decided not to ask a question about plans for the next 2023 in connection with the high uncertainty that arose in the spring of 2022 regarding the future of the industry, the situation in the Russian and global economies. Consequently, for 2022, the presence of investment plans was indicated by about the same number of software companies (the same share) as they actually attracted investments in 2021.
It is noteworthy that according to the results of the survey of 2022, 34% companies are counting on external financing, while in 2021, 22% surveyed companies actually attracted investments. If we assume that all investment forecasts will be correct, then the total investment in 2022 should grow by 60%, and external financing - by 214%.
As far as the forecasts for 2022 will turn out to be correct, it is difficult to judge until the completion of the next survey of companies in 2023, noted in Russoft. On the one hand, the need for investment did not decrease, but most likely increased: there were many urgent tasks related to ensuring technological sovereignty, and there was a need to reorient to new markets due to the markets of Western countries closing to Russian companies. On the other hand, several months were lost due to the fact that the development strategy had to be urgently adjusted in the event of a radically changed situation in the Russian and foreign markets. And some foreign investment funds could curtail their work in Russia, and the boom in 2021 occurred with their noticeable participation.
| | "In 2022, after the departure of both Western vendors and investors, we note significant changes in the Russian software development market. They affected both requests from customers and offers from local players. Taking into account the tasks set by the Government of the Russian Federation to achieve technological sovereignty as soon as possible, we can expect the emergence of new investors and the activation of investment functions among existing large companies. To meet the increased demand for domestic solutions of the Enterprise level, domestic developments in the field of APCS, product life cycle management, ERP, information security should become the locomotives of investments, "said Mikhail Knigin, executive director of T1 Consulting. | |
Judging by public reports of investment activity in the high-tech sector of the Russian economy, there were no signs of growth in the first 7 months of 2022. These reports indicated that by the end of the years there would be not growth, but a reduction in investment. However, the conditions for talking about plans and attracted investments were not the best in the first half of 2022. For example, the same foreign investors could completely abandon the publicity of their activity in Russia, analysts say.
Nevertheless, it is still possible to focus on the expectations of companies, since the survey was conducted in the first months after the start of a special military operation in Ukraine, which means that the respondents took into account or at least tried to take into account high uncertainty in their forecasts, concluded in NP Russoft.
| | "Already in the first days after it became clear that many foreign companies were leaving the Russian market, we intensified work on the development and testing of domestic analogues of IT solutions, as the demand for these products increased significantly. For each foreign decision, a replacement project should appear. I am sure that the more active the interaction between the state and business, the more effectively the import substitution process will be built, - says Dina Gayzatullina, Deputy General Director of the Innotech Group for Interaction with State Authorities, coordinator of the Russoft GR Committee. | |
As she added, the successful implementation of these plans and the attraction of external investments is already facilitated by the joint work of businesses and enterprises - industry leaders. The Innotech Group is interested in such interaction and is ready to strengthen the pace of development of new products in the field of system-wide software.
See also
Notes
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