24 Mar, 11:53

Russian IT market totaled $29.8 bln in 2024 — T1 holding

According to the company's estimates, the market is to double within five years by 2030 in absolute terms

MOSCOW, March 24. /TASS/. The Russian IT market grew by 20% year on year to 2.5 trillion rubles ($29.8 bln), T1 holding said in its review.

The year of 2024 was a "landmark one" T1 department director Kirill Chebunin said. Growth rates were higher than during the two prior years, he noted.

Market growth will nevertheless be less than 20% in 2025, T1 said at the same time. The market will experience a small cooldown "as the basis for healthy growth in the future," it said.

"According to our estimates, the market is to double within five years by 2030 in absolute terms. It corresponds to approximately 12-13% of annual market growth," Chebunin added.

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Internet & Telecom

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