Tech market in Russia grew by 7% in 2019 to reach the value of $24.88 billion
The IT equipment sector had the largest value in the Russian IT market at 15.6 billion dollars at the end of 2019.
The country’s software industry was worth over three billion U.S. dollars in 2019
Grow Your Team in Russia
Eastern Europe offers a happy medium where you can recruit high-quality software engineers at a reduced cost without sacrificing product quality. With an astonishing 1.3 developers per 100 people, the region is well-known for its software developer density. Russia, with one of the world’s largest tech industries, is another major player in the global software engineering scene to hire skilled remote tech teams from.
Employing in Russia
In Russia, the typical hourly cost for midrange programmers is $ 20-30 per hour, and $ 25-35 per hour for programmers with more than 5 years of outsourcing experience.