How big is the Russia ICT Market?

The Russia ICT Market size is expected to reach USD 38.95 billion in 2024 and grow at a CAGR of 8.54% to reach USD 58.59 billion by 2029. Read More

What is the current Russia ICT Market size?

In 2024, the Russia ICT Market size is expected to reach USD 38.95 billion. Read More

Who are the key players in Russia ICT Market?

Kaspersky Lab, Tencent Holdings Ltd., Huawei Technologies Co., Orange S.A. and Tele2 Russia International Cellular B V are the major companies operating in the Russia ICT Market. Read More

What years does this Russia ICT Market cover, and what was the market size in 2023?

In 2023, the Russia ICT Market size was estimated at USD 35.62 billion. The report covers the Russia ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Russia ICT Market Size & Share Analysis - Industry Research Report

Russia ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Russia ICT Market Report is Segmented by Type (Hardware, Software, IT Services, and Telecom), Size of Enterprises (Small and Medium Enterprises and Large Enterprises), and End-User Industry (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Russia ICT Industry Overview

The Russian ICT market is semi-consolidated as it has several key players constantly making efforts to introduce advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market.

December 2023: Exved unveiled a new electronic system based on USDT specifically tailored for cross-border payments, leveraging the Tether (USDT) stablecoin. This move aimed to offer Russian importers and exporters a streamlined and cost-efficient avenue for global transactions.