3.5 C
Thursday, February 2, 2023

Russian IT market collapsed due to war

Must read

- Advertisement -

According to the German digital association Bitkom, sales fell by around a quarter to 32.46 billion euros last year. A further decline of 5.6 percent is expected for this year.

“The whole of Russia is only the size of Baden-Württemberg in the IT market,” says Bitkom CEO Bernhard Rohleder. A strong landscape in information and communication technology was the future hope of the Russian economy. With the war, Russia cut itself off from global innovations. The trend will continue because tens of thousands of IT experts are currently leaving Russia, says Rohleder.

Global market is growing

- Advertisement -

The industry is growing globally. According to Bitkom forecasts, the global market is expected to grow by 4.8 percent to EUR 4.33 trillion this year. The most important market is the USA with a market share of 35.7 percent. Russia’s share will drop to just 0.8 percent.

more from economy

Bus drivers get almost ten percent more salary

Google Group Alphabet is cutting 12,000 jobs

“There are no alternatives to green farming, let’s do it!”

Stock market game 2023: valuable prizes to be won

My themes

- Advertisement -

For your saved topics

found new items.

info By clicking on the icon you add the keyword to your topics.

Click on the icon to open your “My Topics” page. They have of 15 tags saved and would have to remove tags.

info By clicking on the icon you remove the keyword from your topics.

Add the theme to your themes.

Source: Nachrichten

- Advertisement -

More articles


Please enter your comment!
Please enter your name here

Latest article