The export volume of Russian software reached $4 billion in 2011 and could grow by 25% this year, said Valentin Makarov, the president of the industry association Russoft, at the St. Petersburg International Economic forum last week. However, the lion’s share of software sales came from major companies, with just a few new players appearing …
Russian software exports could grow to $5 billion in 2012 Read More
The last two years have shown a significant increase in venture capitalists’ interest in the Russian Internet, says a report released yesterday by Fast Lane Ventures, a major player in the field. Fast Lane identified no fewer than 215 venture deals in 2011, up from 59 during the previous year. The total investment volume during …
Internet investment triples in just 12 months, but market still lacks transparency Read More
According to Mail.Ru Games, in 2011 the total social gaming market in Russia reached $236 million, which is 180% higher than in 2010. Such impressive growth was accompanied by redistribution of the income: developers’ and social networks’ share has increased, while earnings of payment systems decreased. The Russian social gaming market is booming at an …
Russian social gaming market nearly tripled in 2011 Read More
Digital River, a US-based software company, has just released a survey of 250 companies across Asia, Europe, North America and emerging countries – including Brazil and India – which operate in the software, gaming software and consumer electronics sectors and generate annual global revenues of $250 million or more. Russia came out on top of …
Global software, games and consumer electronics companies target Russia Read More
Russia’s e-book market has been growing at a robust CAGR of 120% over the past three years, swelling from 11 million rubles (just under $370,000) in 2008 to 135 million rubles ($4.5 million) in 2011, Russia’s Federal Press and Mass Communication Agency reports in its overview of the national book market’s progress and trends for …
E-books now 5% of market, but pirates still dominate Read More
For the first time ever, all three major Russian mobile operators lost subscribers in early 2012, according to a report from AC&M Consulting, a Russian management consulting and research agency specializing in telecommunications and media. Vimpelcom, MTS and Megafon saw their active subscriber bases – defined on a six- or three-month basis – shrink by …
Mobile penetration rate over 150% in Russia, market close to saturation Read More
In 2011, the Russian mobile operator and retailer MTS – one of the two exclusive importers of iPhones to Russia – brought in as many iPhones (for $140.8 million) as it had during all the years dating back to the product’s launch in Russia in 2008. According to the IT and telecom news portal CNews.ru, …
iPhone sales finally grow – operators accused of overpricing conspiracy Read More
Group-IB, a leading Russian cybercrime investigation company, has just published its 2011 report on the “State and trends of the ‘Russian’ digital crime market.” Russian-speaking hackers – both from Russia and abroad – generated more than one third of the global cybercrime value: they earned an estimated $4.5 billion out of a global “cybercrime market” …
In association with East-West Digital News, faberNovel, a French innovation consulting firm with offices in Paris, San Francisco and Moscow, has just released an eye-opening presentation on the Russian Internet and innovation system. The report features the latest data on the Russian market and its key players, of course, but then goes further, providing useful …
According to a poll conducted by the Public Opinion Foundation (FOM) earlier this month, Odnoklassniki.ru has become Russia’s most popular social network among Russians who are 18 year-old and over – ahead of Vkontakte.ru, whose leadership is more affirmed among teenagers. Odnoklassniki’s reach is now estimated to be no less than 61% – compared to …
Odnoklassniki.ru leading social network among 18+ users Read More
After spending three years in a post-crisis mire, IT sales in Russia reached an all-time high in 2011, IDC reported to Vedomosti and CNews.ru. According to IDC analysts, the Russian IT sector posted double-digit gains last year, growing at a CAGR of 25% to $30 billion, staging a spectacular comeback from 2009’s 40% year-on-year sag. …
IDC on Russia’s IT: crisis-woven cobwebs blown away Read More
In light of the fast development of e-commerce in Russia, this spring East-West Digital News and its partners are offering an exclusive series of articles and interviews with fascinating insights into this market, one that’s still little known among most foreign players. Starting with an interview with Travelmenu.ru’s new CEO Katrin Buckenmaier, the series is made …
The Spring of Russian E-Commerce: An Exclusive Global Perspectives Series Read More
