#Sitting on clouds website driver#

The main laws regulating the sphere include: Russian data protection lawsДЄs mentioned before, Russia has a clear enforcement of its data protection laws. This group is a major reason for confidence in the growth of cloud services in Russia, with roughly a quarter of businesses big and small just beginning to embrace the technology. 27% either had developed a cloud technology strategy or implemented a cloud solution within the past year. Per the survey, most respondents use hybrid or private clouds (30% and 29% respectively), a reflection of the maturity of the Russian cloud market, especially factoring in the countryвЂ™s data protection laws.ДЄmong the corporations surveyed, 66% have already adopted cloud solutions, and only 7% said they would not be using cloud technology in the near future. PWCвЂ™s extensive research report from October 2020 documented the exact type of demand and usage of cloud services in Russia. On their current trajectory, for example, Yandex.Cloud will even have expansion opportunities outside of Russia in the very near future.Дemand for cloud services is through the roof, as could be expected from an industry with yearly growth rates of over 20%. This game of catch-up has been borne out in the statistics, with Russian cloud providers getting more users over time, particularly in 2020. That is due to the inherent advantages they have in their home market, as well as the fact that most started crafting their cloud offering much later than the international giants like Amazon and Microsoft did. While the current group is international-heavy, Russian cloud providers are gaining influence by the day. Yandex.Cloud, in particular, has the largest market share of any domestic Russian cloud provider. However, Russia has its own cloud service providers, with Yandex and as the two biggest Russian cloud service providers. Currently, the global clouds in RussiaвЂ“Amazon, Microsoft, and GoogleвЂ“dominate the industry among name recognition and usage. The market for Russian cloud services is already expansive and will grow further with companies angling to get in. Data privacy in Russia is taken quite seriously, and considering compliance is a major issue for international companies when expanding, entering a country with a clear set of legal requirements actually makes the process of moving into the country and using Russian cloud services comparatively easy. While the Russian governmentвЂ™s reputation is not sterling in the political sphere, business leaders see a lot of good there.

#Sitting on clouds website driver#

Despite the pandemic, the demand for cloud PBXs, virtual call centers, and other office software to help transition organizations to a remote/hybrid format proved to be the main driver of this increase. Somewhat surprisingly, Covid did not slow those projections down, with the Russian cloud service market growing by 24% in 2020 to a total value of about $1.3 billion. Although RussiaвЂ™s current share of the global cloud storage market is around just 1%, both pre- and post-Covid projections show the sector has room to grow, with earlier projections sitting around 23% year-over-year growth and a $3.4 billion evaluation by the end of 2022, per iKS-ConsultingвЂ™s research. Russia was later to the game in embracing cloud services than other countries, but that may have worked to the nationвЂ™s advantage, as it is sitting on a massive cloud boom.