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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.

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Categories: Internet / IT
Companies: Microsoft
Countries: Russian Federation
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