Law on Personal Data set to boost Russian DPC market

A new DPC is planned for Skolkovo Technology Park

Russia’s new Law on Personal Data, which comes into force today and which requires ISPs and social media sites to store the personal data of Russian citizens on Russian soil is expected to give a significant boost to the country’s data processing centre (DPC) market, experts are predicting. Demand for Russian data processing centres  offering  cloud and colocation services  is already driving growth in the country’s IT industry, according to a new report from consultants Direct INFO. 
Russia’s  commercial data processing centre market was estimated to be worth $167 million at the end of 2014 and is growing by about 20% a year, with experts predicting  continued segment growth in the next three years due to the development of cloud computing, Big Data and Business to Government (B2G) markets.
“The law will be another growth driver,” says Oleg Zhukov, Chief Executive of RD Construction that specialises data centre construction.
16 of the 20 largest data centres of the country operate in the capital, and a new large-scale data warehouse is being  planned for  Moscow’s Skolkovo Technopark.

Source: rbth