According to the expectations of the surveyed companies

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uch data are cited in a study by the Association of Russian Software Developers (SW) "Russoft". Compared to 2021, the volume of investments decreased by 48.5% in ruble terms and amounted to 120 billion rubles in 2022. The share of external investments increased from 26.4% to 51.3%, and in absolute terms, the volume of external investments in rubles remained unchanged - 61 billion rubles.

According to the cyprus whatsapp resource results of 2022, it turned out that the need for investment in the industry was satisfied by 63.4%. This is slightly more than in 2021 - 58%. Thus, not only the volume of total investment decreased, but the need for it also decreased.

Overall, compared to 2021, there was a significant reduction in the volume and attraction of investments and the need for them. However, this reduction was recorded after a strong rise in investment activity. At the end of 2021, the total volume of investments in the software industry amounted to RUB 232 billion, which is 2.4 times more than in 2020. The need for investments was satisfied by 58%. This figure also increased significantly compared to 2020, when it was 37%. External sources of financing accounted for 26.4% of all investments in 2021.
, the need for investments by the end of 2023 will increase by 1.7 times (by 71%), but it will be possible to satisfy only 49.5%. According to respondents, the total volume of investments in 2023 compared to the previous year may increase by 32%, and the volume of external financing - by 56%. As a result, external sources will account for 60.5% of the total investment.

Artem Klimenko, CEO of the Bimeister group of companies (software development), shared his opinion on the reasons for the decline in investment in the industry: "I think that the reason for the decline in investment is the departure of many foreign investors from the Russian IT market. In 2022, they quickly got rid of assets at reduced prices, which provoked a mass suspension of investment activities in the Russian Federation. Of course, since then, the state has actively provided support in the form of grants and subsidies, introduced changes for the IT industry one after another, but this did not last long, which was confirmed by the situation with the suspension of investment funds in 2023. The budgets offered by private players for development do not cover the range of tasks that are important to solve now. However, the market has high expectations regarding investments, since the decline in activity has become a pretext for accumulating funds within the country."

Alexey Bogomolov, Director of the Transformation Strategy Practice at Reksoft Consulting, noted that it is not only the departure of foreign players: "The structure has changed and control over investments within companies has become stricter. Investments in "directions of the future" - research and operational improvements - have decreased. A Reksoft Consulting survey conducted among large companies in the summer of 2023 showed that about 60% focused on import substitution and technological sovereignty. Many projects that have lost relevance or priority in the current situation have been cancelled or stopped until better times. In addition, many companies have tightened control over the investment budget: investment decisions have been centralized, requirements for project payback have increased - more than 70% of companies do not consider initiatives with a payback period of more than three years. Moreover, projects that have already been approved have been revised."