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Production of IT services in Belarus to exceed US$1 milliard in 2014
20.11.2014 17:13 "Agro Perspectiva" (Kyiv) —
While speaking at the 11th international forum on banking technologies BankIT, Yevgheniy Radionik, Head of the External Communications Department of the investment company UNITER, admitted in 2014 the production of IT services in Belarus will exceed US$1 milliard, Belarus Radio reports referring to
BelTA.
«We expect that the production of services will exceed US$1 milliard in 2014, an increase of 24%,» noted the expert.
As to him, by 2018 the total production of IT services in Belarus will approach US$2 milliard.
«The key trends will be the transition of some companies to the business-to-consumer model (B2C) and the reduction of the profitability of companies using the business-to-business model (B2B),» Radionik said. Also, the expert admitted he believes that outsourcing will exhaust its growth potential soon. As a result, the growth of the production of services by companies using the outsourcing model will slow down.
Besides, Radionik also made it known ten years ago the profitability of such companies had been close to 100%, but today it has already lowered to just 1525%.
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