October 17, 2018

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HOME REGIONS Russia & CIS › Russian tech market up 17.6% in first quarter

Russian tech market up 17.6% in first quarter

by Stuart Wilson, Wednesday 23 May 2018

Mikhail Kulakov, Commercial Director and Technology Industry Lead Digital, GfK, will deliver a keynote speech at DISTREE Russia 2018
Mikhail Kulakov, Commercial Director and Technology Industry Lead Digital, GfK, will deliver a keynote speech at DISTREE Russia 2018

Research house GfK’s most recent TEMAX analysis of the ICT, telecoms and consumer electronics market in Russia indicates that the total market value hit US$6.06 billion in the first quarter of 2018 – up 17.6% year-on-year.

The growth was driven by a sharp increase in telecoms sales, which climbed 36% year-on-year to reach US$2.13 billion. Revenues from IT jumped 10.8% to US$556.4m with consumer electronics (CE) sales up 9.7% at US$930.4m.

GfK’s research stated: “The CE market registered slight growth driven by growing demand for PTV, especially for the segment of 43” screen size and 49” to 65”. Bluetooth speakers continue to be the fastest growing segment in the audio market.”

Growth drivers of the IT market included gaming products, according to GfK. Demand for IT peripherals such as monitors, storage products, keyboards and routers was healthy, reflecting the strong sales of desktop PCs and notebooks.

Smartphones continued to drive telecoms sales, with mainstream adoption of devices featuring bezel-less screens growing in Russia.

GfK at DISTREE Russia 2018

GfK is an Event Partner for DISTREE Russia 2018, which takes place from May 30th to June 1st in Moscow. DISTREE Russia is the country’s leading hosted buyer tech channel event spanning routes-to-market for both B2C and B2B markets. During the event, GfK will deliver a keynote speech, two workshops and a VIP briefing session.

Vendors, technology suppliers, distributors, resellers, retailers and e-tailers that require more details on DISTREE Russia 2018 can find full event details and contacts at www.distree-russia.com or follow @DISTREE_Russia for event updates.

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