The IT Department of Moscow Forecasts Increase in Muscovites’ Expenditure on Digital Devices

In 2017, Moscow citizens spent 2% of total household income on digital devices, or 38,000 roubles a year, the IT Department of Moscow reports. According to ITD’s forecast, in eight years’ time, the expenditure on this kind of goods will have increased to 3% of annual income, or 60,000 roubles. The demand is expected to rise for smart home devices, VR/AR devices, wearables, and robots. ITD estimates that Muscovites spend about 7% of the total amount of money spent on digital devices on the above mentioned products, and the figure is expected to have risen to 19% by 2025. The study findings suggest that 17.5% of those surveyed are planning to purchase smart watches and a fitness tracker, 15.4% are considering buying a robotic vacuum cleaner, 8.9% want a video game console, and 7.1% would like to have a VR/AR device.

News
14.08.2018
PayRing payment rings can now be purchased at Moscow Credit Bank offices
PayRing payment rings can now be purchased at Moscow Credit Bank offices. “You will not slow down the line while fumbling around in your bag for the purse or card: the line will slow down itself to take a look at how easily you are paying with your ring.
23.07.2018
In 2017, the Russian IT market grew by nearly 21% and exceeded $5 bln, the International Data Corporation (IDC) research company reports
Last year, the market reversed to growing, and its expansion is expected to be stimulated by the Digital Economy national program, analysts forecast.
11.06.2018
The IT Department of Moscow Forecasts Increase in Muscovites’ Expenditure on Digital Devices
In 2017, Moscow citizens spent 2% of total household income on digital devices, or 38,000 roubles a year, the IT Department of Moscow reports.