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Russia,
the transcontinental country, is finally out of the doldrums of 1998
financial crisis. The country has been recording exceptional
GDP
growth on the back of its strongly established industries and IT and
Outsourcing (ITO) is one of them. According to “Russia
IT and Outsourcing Industry Forecast to 2011”, a research
report, Russia is fast gaining traction in the ITO market by escalating its
share.
The study has identified Russia to be the future ITO center as the country
has all the necessary forces, including a strong human capital and favorable
tax regime. But there are other factors too supporting the growth of the
Russian ITO industry. The research has evaluated these factors in detail to
show Russia’s dominance over other countries.
Russians are generally associated with creativity, autonomy and
problem-solving-oriented thinking. The report has tried to find out how
these traits are giving the country’s ITO industry an edge and compelling
offshore investors to look at the country as the next outsourcing stop after
India and China to establish their offshore development centers. Thus, more
and more international investors are entering the country to set their base
for outsourcing while the domestic companies too have turned their attention
on export market.
Moreover, Russia is geographically close to several countries, including
Norway, Belarus, North Korea and Finland. The research report has counted
the geographical proximity of the country in its favor and examined how
similarities in time zone are helping the Russia software companies to give
better services.
Government support is considered vital for the success of any industry. The
Russian government too is working to make its ITO industry a success. The
research report has thoroughly studied the initiatives taken by the Russian
government to foster the development of the ITO industry.
Increasing foreign investment and government initiatives, says the report,
will fuel the software exports from
Russia in
future. Due to these strong factors, the Russian software exports are
expected to make up for around 10% of the global software outsourcing
industry through 2010, 7% high from 2006, making the country the third
largest outsourcing market.
“Russia
IT and Outsourcing Industry Forecast to 2011” gives a
comprehensive overview of the ITO industry, including its past and current
performance, IT spending, customized and packaged software market analysis,
and opportunities and challenges for the industry.
For more information visit:
http://www.bharatbook.com/detail.asp?id=70020 |
