Market Insights Technology Cybersecurity Security Services

Professional Services - Russia

Russia

The Professional Services market in Russia is expected to witness a significant growth in revenue, reaching €1.26bn in 2024.
This projection indicates a promising future for the industry in the country.
Furthermore, the market is forecasted to display a steady annual growth rate of 2.99% from 2024 to 2029, resulting in a market volume of €1.46bn by the end of the latter year.
This sustained growth trajectory demonstrates the potential for continued success in the Professional Services market sector in Russia.
Another key metric worth noting is the average Spend per Employee in the Professional Services market, which is expected to reach €17.09 in 2024.
This figure highlights the level of investment and financial commitment within the industry, indicating a positive outlook for professionals in the sector.
In terms of global comparison, it is important to acknowledge that United States is set to generate the highest revenue in the Professional Services market, with an estimated amount of €31,600.0m in 2024.
This showcases the dominance and economic power of the United States in this particular market segment.
In Russia, the professional services market is experiencing a surge in demand due to the country's growing economy and increasing need for specialized expertise.

Key regions: India, Chile, Spain, Saudi Arabia, Belgium

Mercado

Región

Comparación de regiones

Moneda

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.