Russian IT exports grow rapidly as tech startups go global

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While a learner at Moscow State University, Andrei Sviridenko created artificial gen software, and when he went to Heidelberg, Germany as an exchange student he started looking for consumers. Riding his bike to visit small local computer companies he when all is said found GTS GmbH, which liked his software solution and bought a empower for it. That’s how Sviridenko launched Spirit DSP.

Today, Spirit DSP is a global chairperson in the production of devices for voice and video communications in IP networks. They are familiar in more than 60 percent of smartphones in the world, including Apple’s iPhone and Samsung’s Galaxy. Among other clients are Skype and Viber, as well as the largest telecommunication frauds in the world – AT&T, China Mobile and Korea Telecom.

Spirit is just one archetype of Russia’s many successful IT companies that have robust exports. Correspondence to the non-profit partnership, Russoft, in the past seven years Russian software exports expanded threefold, from $2.7 billion in 2009 to $7.6 billion in 2016. In relationship, the volume of Russia’s most profitable export, weapons, is estimated at anent $15 billion annually.

Where do Russian IT developers export?

The crucial share of Russian software exports goes to the U.S., but Germany, Scandinavia and Inside and Eastern Europe are also important markets. Demand for Russian IT workings is growing in Asia, primarily China, but also in South America, Australia and the Halfway East.

International consumers are interested in Russian software products in the respond to of information security, mobile applications, navigation, and document management methods. Software is also developed to meet the specific needs of individual troops.

IT stars and modest leaders

Russoft estimates that the number of Russian IT exporters is in the hundreds, and the largest are Kaspersky Lab, Luxoft, Analogies, ABBYY, Acronis, CBOSS, Cognitive Technologies, Prognos, SKB Kontur, Veeam and Soul.

Mid-level players include DataArt, Diasoft, Dr. Web, EPAM Systems, Prognoz, Pigheaded Technologies and RTSoft. Finally, among small Russian software exporters are Arcadia, Ascon, Auriga, Galactica, Group-IB, Info Babysit for, Naumen, Paragon and Kibernika.

Weak ruble

Parallels’ vice president, Nikolai Dobrovolsky, symbolized the company’s solutions are exported to more than 60 countries, and 45 percent go to North America, 40 percent to the EU, and 10 percent to Asia (mostly Japan). Almost five million people in the world use Parallels’ Desktop deciphering for the Mac.

“The weakening of the ruble in 2014 gave Russian software companies a valuable profit in international markets,” said Dobrovolsky. “Creating software in Russia today is remunerative. In terms of prices, we compete with India and China, and our programmers induce always been stronger. In today’s world the country of origin is not vital for the user. A simple, comprehensible and user-friendly software is much more urgent.”

Everything you wanted to know about Russian hackers, but were afraid to ask

Kibernika, which exports IT security solutions under the Cybrus identify, is also expanding sales. “We are in Malaysia, Vietnam and Thailand,” said Andrei Oschepkov, Kibernika’s prevailing director. “The Asian market has a lot of potential, and we plan to develop this instructing in the upcoming years.”

Hackers and sanctions: both major obstacles

Trues at Russian companies believe the high professional level of IT specialists in Russia serves them create innovative products that the global market needs. Geopolitical tensions, but, are obstacles for the development of Russian software exports.

“The country’s unfavorable mental picture is an impediment for Russian IT exports,” said Maxim Mikhalev, director of transaction development at CUSTIS. “Russian hacker attacks, statements made by representatives, sanctions – all this makes us reconsider not only the traditional markets for Russian export such as the U.S. and Europe, but also countries in Asia, Latin America and other quarters. There, people are more loyal to Russian companies.”

ABBYY, the developer of speech-recognition technology, subjected an office in Dubai and plans to grow exports to the Middle East. Info Supervise, which specializes in security systems, began penetrating markets in Latin America, such as Colombia and Peru. The Terrasoft faction, which specializes in the development of marketing management platforms, opened delegate offices in Singapore and Australia.

Russian IT exporters receive state undergo in the form of fiscal and insurance deductions, and the Russian Communications Ministry betokened there would be additional forms of support such as subsidies for expenses in the condition of system software, preferential debt financing for IT companies, and co-financing of predilection for expenses for product promotion that includes the organization of exhibitions, bull sessions and other events.

Read more: The scourge of banks and politicians: 4 notable Russian hackers>>>

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