Reduction in state support. Without state support. small companies and startups will start leaving the market. which simply will not be able to compete with large players. And startups
are the fuel for innovation in IT.
without which development will be impossible. Reduction in funding will also provoke an increase in prices for products. which telegram number database will reduce sales volumes. If we look a little ahead. to the times when it will be possible to freely export our solutions. then without state support the export potential of the state will be reduced.” said Sergey Polunin. head of the group for the protection of infrastructure IT solutions at Gazinformservice LLC.
CEO of RooX LLC Alexey Khmelnitsky believes that the IT industry has enough government support: “In my opinion. the IT industry receives enough support from the government. However. the problem of inaccessibility of preferential loans remains at the local level: IT companies often hear from banks that they have “run out of quotas.” In general. the government does a lot to stimulate the IT industry.”
Deputy CEO of Formula Line LLC Veronika
Kolyadova reflected on what a further reduction in state support for the IT industry could lead to: “A reduction in state support could force IT companies to raise prices for products and services to compensate for losses. which could negatively affect demand. In particular. a price increase could make IT solutions less accessible to small and medium-sized businesses. In addition.
IT companies will be forced to cut costs. including marketing costs. which will also affect sales volumes. Without state support. IT companies could also face an increase in the tax burden and administrative barriers. However. a reduction in state support could also become an incentive for some companies to search for new business models and sources of financing. For example. more active attraction of private investment. development of partnerships and entry into foreign markets.”
“Further market growth depends on how well Russian
developers will be able to compete with currently free foreign software in the commercial sector.
This will require further differences between influencer marketing and paid advertising or remption investment. The return on the total amount of invested funds will. at a minimum. slow down following the slowdown in market growth. In addition. the policy of high credit and deposit rates makes investments in IT significantly dating data l
IT products and services to friendly countries. This is important not only to ensure the return on investment in the industry. but also to develop the competitiveness of the Russian IT sector.” concluded Svetlana Ivanova. CEO of JSC RDTech Reasonable Business Technologies (RDTech).