CNews Analytics Agency has published a ranking of the largest players in the industrial digitalization market. The ITPS Group ranked 14th among 100 participants with a revenue growth of 103.6%. A year ago, ITPS ranked 16th. By the end of 2023, the top 50 digital solution providers in the industry had achieved a 75% increase in revenue.
"The Russian industrial IT market is undergoing a period of adaptation to new realities, with growth reflected in the dynamics of key performance indicators. We are successfully working on import substitution, which includes the introduction of our proprietary AVIST Oil&Gas solution to corporate customers. It is worth noting that Russian companies are implementing comprehensive strategies that integrate new technologies with existing systems and gain the necessary experience to achieve their goals. It is of the utmost importance for our clients to see stable results, including financial indicators. Although significant progress has been made, there is still a lot to be done," said Leonid Tikhomirov, Managing Partner of ITPS Group of Companies.
Import substitution remains a key growth driver for the industry. TAdviser ranked ITPS 54th among the largest proprietary IT solution providers and 10th among third-party solution integrators. Furthermore, CNews published a ranking of the largest IT vendors for telecom operators, in which ITPS ranked 12th.