Russian market of geographic information systems and services to reach $1.2bn in 2011

The market of geospatial information technologies and services in Russia is expected to increase by 20% year on year to approximately $1.2bn (€865m) in 2011, according to Alexei Ushakov, CEO of Data+, a company distributing ESRI, a geographic information systems (GIS) solution, in CIS countries. One fifth of the market value is anticipated to come from cartographic products and digital mapping software.

Also, in 2010 the Russian geospatial information technologies and services showed a positive trend – growing by 20% on a yearly basis, which was far greater than the overall IT market in the country which was raised by 14% year on year.

According to Mr Ushakow, the growing demand for geographic data management solutions among Russian public authorities and the increasing penetration of GIS-enabled handsets are major growth drivers for the reviewed market.

Witnessing this upsurge, Data+ plans to increase its sales revenue by 25% year on year in 2011. So far this year the company has acquired approximately 150 new customers in Russia and CIS countries.