NVBS Ranks Among Top Companies by IT Outsourcing Revenue

link As part of its review of the Russian IT outsourcing market, analytical agency Tadviser has ranked NVBS 15th among Russian companies by IT outsourcing project revenue in 2016. The company achieved 144.4% growth compared to the previous year.

Market Overview According to Tadviser, the IT outsourcing market has shown steady growth in recent years: 2016 market volume: 88.4 billion rubles (+16% vs. 2015)
2017 projected growth: 15-16%
Growth Drivers
Oleg Suvorov, Development Director at NVBS, attributes market growth to:
✓ Economic recovery
✓ Increased business digitalization
✓ Rising IT budgets
"The digitalization of Russian businesses amid economic stabilization is driving IT outsourcing growth. New services, technologies, and processes are being adopted across industries – from self-checkout systems in retail to e-queues in banking and population data storage in telecom. These solutions are becoming increasingly essential, and their nationwide implementation would hardly be possible without IT outsourcing services."