Russian cloud service market jumps 27% to USD 1.07 billion in 2019

Thursday 22 October 2020 | 16:03 CET | News
The Russian cloud service market totaled USD 1.07 billion in 2019, jumping 26.9 percent year-on-year, reports Cnews.ru citing a study from IDC. Growth was driven by the developmentof virtual systems. The Russian cloud service market was worth USD 804 million in 2018, up 24.8 percent year-on-year. IDC expects that expenses for public and private cloud services will grow by 21.8 percent this year. The average annual growth is expected to total 18.6 percent by 2025, when the market will reach around USD 2.51 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Microsoft
Countries: Russian Federation
::: add a comment
This article is part of dossier


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Russian PaaS market doubles in 4 years - study

Published 24 Nov 2020 13:52 CET | Russian Federation
The Russian PaaS market has doubled within the past four years, reports Comnews.ru citing a study from iKS-Consulting. The market ...

Latin American cloud infrastructure to grow 27% by 2021

Published 16 Nov 2020 14:34 CET | Latin America
IDC forecasts that cloud infrastructure is set to grow 26.7 percent in Latin America by 2021. In the same period, IaaS services ...

Russian IT services market forecast lower this year after 8% growth in 2019

Published 17 Aug 2020 16:52 CET | Russian Federation
The Russian IT services market grew by 8.0 percent in 2019 to a value of USD 5.57 billion, according to a study from IDC. Digital ...

Russian cloud services market to grow by 27% this year

Published 31 Jul 2020 14:05 CET | Russian Federation
The Russian cloud service market will amount to RUB 92.7 billion this year, up by 27 percent according to a study from the ...