BMI View: We made a downgrade to our medium-term forecast for the Russian IT market on the basis of weaker macroeconomic outlook. However, our forecast for Russian IT spending in 2013 is unchanged in the Q3 2013 update, as we maintain our view for 11.4% growth to reach RUB696.2bn. Key drivers of market expansion include availability of lower cost hardware – especially tablets – investments by enterprises in business software and modernisation of the public sector. Meanwhile, the market is also being boosted by Russia’s historic entry into the WTO, finally confirmed in August 2012. WTO membership is expected to …
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