Report Format:
| Pages: 110+
Type: Niche Industry Monitor
| ID: CCT1531
| Publication: June 2024
|
US$545 |
The pattern of cloud services adoption among enterprises in Russia witnessed a noticeable change in recent past with the majority of the very large and large organizations increasingly shifting towards cloud-based IT infrastructure and spending substantial amount on cloud services and solutions. This is projected to fuel growth of the Russia cloud computing market during the forecast period. Further, growing inclination of these organizations is mainly linked with rising adoption of IoT technology and growth in big data. This has resulted in the increase in the demand for the platform as a service (PaaS) and infrastructure as a service (IaaS) in the country. However, small and medium business remains among early adopters of software as a service (SaaS) model for application.
Future of cloud computing in Russia is bright as next generation cloud-based solutions especially designed to enhance virtual infrastructure rather than only abstracting physical infrastructure. Cloud computing technology in Russia is likely to represent a combination of on-premise compute and cloud-based solutions to create a hybrid IT infrastructure to improve security of private data center and scalability and flexibility associated with cloud. The Russian government has been actively promoting the adoption of cloud computing technologies as part of its digital transformation agenda. Key initiatives such as the "Digital Economy of the Russian Federation" program aimed at modernizing the IT infrastructure and promoting the use of cloud services among government agencies and businesses. This is likely to stimulated Russia cloud computing market progress.
Moreover, many organizations in Russia are adopting hybrid and multi-cloud strategies, leveraging both public cloud services and on-premises infrastructure to meet their specific needs. This approach enables end user enterprises reap benefit from the scalability and flexibility of the cloud while maintaining control over sensitive data or legacy systems. In contrast, growing concern over data security and increasing incidents of cyber-attacks is impeding growth of the Russia cloud computing market to certain extent. However, with increasing regulatory requirements, there is a growing emphasis on security and compliance in the Russian cloud computing industry. Thus, cloud vendors are investing substantial amount on advanced security measures and obtaining relevant certifications to assure customers of the safety and integrity of their data. These factors are stimulating growth of the cloud computing market in the Russia. Furthermore, the Russian cloud computing sector has witnessed various developments and trends.
Prominent players present in the Russia cloud computing market are An-teko, CROC, Inoventica, Oversun, Clodo, Cloud4Y, ActiveCloud, Onlanta, DataLine Cloudone, and Oblankoteka. Apart from organic growth strategies such as introduction of cost-effective cloud services and solutions vendors are also focused towards meeting regulatory compliances related to data sovereignty introduced by Russian governments. Further, these players are concentrating on standardization, enhancement of on-demand service capabilities, and diversification cloud services portfolio to reduce end user organizations perceived risk associated with migration to a cloud-based IT model. Global players present in Russia cloud computing industry are Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, and Oracle etc. Alongside international players, there has been a rise in number of local cloud providers offering cloud services to various end user industries in the Russian cloud computing market. These providers offer services tailored to the specific needs of Russian businesses and often emphasize factors such as data sovereignty and localized support.
Analysis Period |
2019 – 2031 |
Actual Data |
2019 – 2022 |
Base Year |
2022 |
Estimated Year |
2023 |
CAGR Period |
2023 – 2031 |
Research Scope |
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Service Model |
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Deployment Model |
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Subscription Model |
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Enterprise Size |
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End User |
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