Cinimex Enters the Top 10 on the Custom Software Development Market

There are 81 participants in the 2022 Russian IT ranking list. The total revenue of all ranked companies exceeded 123 billion rubles.

The analytical agency points out that the market size in 2022 increased by more than 20% compared to 2021. The key drivers of growth include the continuation of projects launched during the COVID-19 period, strict import substitution KPIs imposed upon top management of customers, as well as dramatic changes in the market that required companies to significantly transform their business processes.

The TAdviser review also highlighted factors that actively influenced the custom software development market in 2023. These include the growing spread of open source software, a fundamental revision of customers’ approaches to building IT architecture, abandonment of vendor software in favor of proprietary systems, active growth of AI technologies and new ways of utilizing them in business, manufacturing, and consumer products.

The complete ranking list and the TAdviser market review can be viewed here.