MTS: Russian firms’ cloud solutions costs to triple in next 10 yrs

MOSCOW, Oct 25 (PRIME) -- Russian companies’ IT budget expenses on cloud solutions will triple in the next 10 years from 7% at present, Igor Zarubinsky, vice president of infrastructure development at mobile operator MTS, told PRIME on Wednesday.

“If we speak about the cloud computing market from the point of view of money, it has a huge growth potential because penetration of cloud costs in the IT budget of companies in our country stands at about 7%. On the Western market, which is more mature, it reaches 15%,” Zarubinsky said.

“This figure in Russia will triple in the next 10 years. We plan approximately such figures of increase. The Western market will grow less because of its maturity.”

Consumption of cloud services in the country will rise faster in the industry of financial technologies, banks, retail, IT firms, and the state sector, he added.

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