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13 January 2021
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IN 2020, ICL Services demonstrated growth in the market of IT services

CNews analytical agency has published a rating of the largest Russian IT service providers.

In 2020, the number of participants in the rating of the largest Russian IT service providers according to CNews grew from 45 to 60. Their total revenues amounted to RUB325.2 billion, of which 66% belong to the Top 10 participants. At the end of 2020, ICL Services improved its position in the IT services market and rose from 15th to 11th place. Revenue growth was 9.9%.
The results of the IT market in 2020, according to the analytical agency CNews, are ambiguous. Despite the fact that analysts predict a fall in the Russian market of IT services, market participants, on the contrary, are more optimistic and talk about maintaining, and in some cases even increasing demand. According to the latter, the pandemic «restructured» the market: some capital-intensive projects were postponed or frozen, but against their background there was a noticeable increase in the number of projects with a short-term effect.

According to Sergey Solovyov, Director of ICL Services, the pandemic and lockdown have demonstrated the importance and significance of IT and digital transformation. «They allow the business to be resilient in harsh conditions. Therefore, our industry will continue to support our corporate customers, providing favorable IT conditions for their growth and development,» the top manager provided his forecast.
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