Russia ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Russia ICT Market Report is Segmented by Type (Hardware, Software, IT Services, and Telecom), Size of Enterprises (Small and Medium Enterprises and Large Enterprises), and End-User Industry (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Russia ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Russia ICT Market Size

Russia ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 42.28 Billion
Market Size (2030) USD 63.69 Billion
CAGR (2025 - 2030) 8.54 %
Market Concentration Medium

Major Players

Russia ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Russia ICT Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Russia ICT Market Analysis

The Russia ICT Market size is estimated at USD 42.28 billion in 2025, and is expected to reach USD 63.69 billion by 2030, at a CAGR of 8.54% during the forecast period (2025-2030).

  • The Russian ICT market is experiencing significant growth, driven by increasing digitalization across various sectors, government support, and the rapid adoption of advanced technologies. This is beneficial to the Russian economy as it enhances productivity and boosts innovation. Also, internet penetration in Russia witnessed significant growth, with over 90% of the population having access to the internet as of 2023. This widespread connectivity is a fundamental driver of the ICT market, enabling the proliferation of digital services and online platforms. High-speed internet access facilitates the growth of e-commerce, online education, telemedicine, and other digital services.
  • The Russian government has been actively investing in digital initiatives. It announced plans to introduce Digital IDs in 2024 as part of its national projects. Additionally, it is launching a Digital Profile platform to facilitate data exchange among government agencies, individuals, and commercial/non-profit organizations. These efforts reflect Russia’s strategic focus on digital transformation and technological advancement.
  • Also, the e-commerce industry in Russia has experienced remarkable growth, largely driven by advancements in information and communications technology (ICT). Major online retailers have leveraged digital payment systems, mobile apps, and data analytics to enhance customer experiences and optimize operations. Additionally, the integration of ICT in logistics and supply chain management has improved the efficiency and reliability of e-commerce services.
  • With increasing reliance on digital platforms, cybersecurity remains a significant concern. For instance, in April 2024, Ukraine's Defense Intelligence carried out a large-scale cyberattack against the resources of Russia's ruling party, United Russia. The attack involved DDoS attacks targeting United Russia's servers, websites, and domains, including ER.RU and edinros. Such rising incidence of cyber threats and attacks necessitates the development of robust cybersecurity measures and the implementation of best practices to protect sensitive data.
  • The future of the ICT market in Russia looks promising, with continued growth and innovation on the horizon. The ongoing digital transformation across various sectors, supported by government initiatives and private sector investments, is expected to drive further expansion. Emerging technologies such as 5G, AI, and blockchain will play a crucial role in shaping the future of the ICT market.

Russia ICT Industry Overview

The Russian ICT market is semi-consolidated as it has several key players constantly making efforts to introduce advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market.

  • December 2023: Exved unveiled a new electronic system based on USDT specifically tailored for cross-border payments, leveraging the Tether (USDT) stablecoin. This move aimed to offer Russian importers and exporters a streamlined and cost-efficient avenue for global transactions.

Russia ICT Market Leaders

  1. Kaspersky Lab

  2. Tencent Holdings Ltd.

  3. Huawei Technologies Co.

  4. Orange S.A.

  5. Tele2 Russia International Cellular B V

  6. *Disclaimer: Major Players sorted in no particular order
Russia ICT Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Russia ICT Market News

  • June 2024: VKontakte, a Russian social media company, revealed plans to construct a new data center in St. Petersburg. This expansion aims to enhance service performance and reliability for users and businesses, leveraging cloud technologies to manage computing power flexibly.
  • February 2024: The Central Bank of Russia introduced the BRICS Bridge, a novel digital payment platform to provide an alternative to the US dollar. This initiative introduced an innovative digital platform for BRICS nations; it includes various financial recommendations and initiatives.

Russia ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Report

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing E-Commerce and Digital Services
    • 5.1.2 Government initiatives and Support
  • 5.2 Market Restrain
    • 5.2.1 Economic Sanctions and Geopolitical Tensions
  • 5.3 Impact of COVID-19 on IT Spending

6. KEY TECHNOLOGY INVESTMENTS

  • 6.1 Cloud Technology
  • 6.2 Artificial Intelligence
  • 6.3 Cyber Security
  • 6.4 Digital Services

7. MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Hardware
    • 7.1.2 Software
    • 7.1.3 IT Services
    • 7.1.4 Telecommunication Services
  • 7.2 By Size of Enterprise
    • 7.2.1 Small and Medium Enterprises
    • 7.2.2 Large Enterprises
  • 7.3 By Industry Vertical
    • 7.3.1 BFSI
    • 7.3.2 IT and Telecom
    • 7.3.3 Government
    • 7.3.4 Retail and E-commerce
    • 7.3.5 Manufacturing
    • 7.3.6 Energy and Utilities
    • 7.3.7 Other Industry Verticals

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles*
    • 8.1.1 Kaspersky Lab
    • 8.1.2 Tele2 Russia International Cellular B V
    • 8.1.3 Tencent Holdings Ltd
    • 8.1.4 Huawei Technologies Co.
    • 8.1.5 Orange SA
    • 8.1.6 Rostelecom PJSC
    • 8.1.7 Qnium LLC
    • 8.1.8 MobileUp LLC
    • 8.1.9 Develonica
    • 8.1.10 MobileTeleSystems

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Russia ICT Industry Segmentation

Information and communication technologies, or ICT, is a broader term for information technology (IT). It refers to all communication technologies, such as wireless networks, the Internet, computers, cell phones, software, videoconferencing, middleware, social networking, and other media applications and services, that enable users to store, access, transmit, retrieve, and manipulate information in digital form.

The Russian ICT market is segmented by type (hardware, software, IT services, and telecommunication services), the size of the enterprise (small and medium enterprise and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
Need A Different Region or Segment?
Customize Now

Russia ICT Market Research FAQs

How big is the Russia ICT Market?

The Russia ICT Market size is expected to reach USD 42.28 billion in 2025 and grow at a CAGR of 8.54% to reach USD 63.69 billion by 2030.

What is the current Russia ICT Market size?

In 2025, the Russia ICT Market size is expected to reach USD 42.28 billion.

Who are the key players in Russia ICT Market?

Kaspersky Lab, Tencent Holdings Ltd., Huawei Technologies Co., Orange S.A. and Tele2 Russia International Cellular B V are the major companies operating in the Russia ICT Market.

What years does this Russia ICT Market cover, and what was the market size in 2024?

In 2024, the Russia ICT Market size was estimated at USD 38.67 billion. The report covers the Russia ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Russia ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Russia ICT Industry Report

Statistics for the 2025 Russia ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia ICT analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Russia ICT Market Report Snapshots