Russian tech market up 17.6% in first quarter

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. Read full story