The Russian IT market has had a very successful year in 2011, being by far the fastest growing market in Europe. The over 15% growth rate as well qualifies it as one of the most dynamic at the global level, after China and India. If compared to European regions, the Western Europe mature markets’ average growth has been modest, around [...]
Severely influenced by the global economic and financial crisis, the interest for acquisitive growth on the Eastern European IT markets has passed from an extreme to another. Until 2007-2008, local system integrators, software vendors or even distributors have been aggressively targeted by financial and strategic investors, and the valuations for the acquired IT players exceeded the average prices for similar [...]
Through by and large the Russian IT market is perceived to be an emerging market, but in certain industries, notably banking and telecom, the demand seems to have become sophisticated enough and the market seems to be attaining a certain level of maturity in 2011. Moreover, the IT implementations in the main retail players have reached some saturation, at least [...]
In the first quarter of 2011, external factors have had a positive impact on the Russian IT market as the rise of commodity prices in the global market…
Eugen Schwab-Chesaru joined the Bucharest team in February 1999 to help set up PAC’s subsidiary in Romania and he also led the launch of PAC’s SITSI® program of off-the-shelf reports in Central and Eastern Europe (CEE). His main responsibilities include heading PAC’s operations in Bucharest and the greater CEE area, as well as delivering strategic consulting to clients and partners.
Her main responsibilities include leading the market research for SITSI® program, with great focus on Russian market, and delivering specific analytical projects. Moreover, as part of her role is to build strong relations into the Russian market, and to keep in contact with local IT integrators, in order to create a powerful presence into the region.
Shaky Recovery Ahead. With a total market volume of €16.21bn last year, the SITS market in Eastern Europe is still way below the historical high of 2008, but PAC expects the market to exceed that record high at the end of 2011.