Three Industries That Will Drive The Russian Economy

Currently, the Russian market is driven by the oil and gas industry and this has been this way for a long time. Russia has always been a huge country with a lot of potentials, yet always one and the same approach of oil and gas, traditional thing basically. Via providing gas and oil for a number of countries, the economy of Russia was always relatively rigid, as some neighboring countries fully depend on the provision of gas and oil in the region. Thus, with the time changing and the technologies developing, this picture might change quite soon. 

As a big country Russia has a big potential in many industries, though because of the very close circle and relatively conservative approach to the new tendencies and new technologies, some of the industries remain behind the shadow. This is coming to the end and according to some experts in the field, the future three industries that we should expect to drive the local market are Tech, eSports, and AI engineering. 

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The reason behind a drastic change is that the global pandemic has shown us, as well as some other factors have proved that gas and oil are non-reusable resources, which do not last for a long time and their price is very shaky. This means that the price will be changing with the new political and social changes and the industry shall come to the end of the dominance sooner or later. One more practice proves that oil and gas can be changed with some more innovative industries and cars, as well as some other vehicles, might not even need gas and petroleum in the near future. 

So what is the future of the Russian economy? 

Do all of those changes mean that the Russian economy shall not survive and will simply sink, or does it mean that there will be some adjustments made and the new industries will take over? Well, shall the politicians stay wise and be right with their decisions, the economy should survive with certain adjustments. 

eSports 

A huge industry, which is slowly moving to the center of attention is the eSports industry. While traditional sports have long been very popular and extremely important for the countries, the eSports industry is just developing in Russia. More and more teams have popped up throughout the past several years, guaranteeing industry engagement and involvement. Moreover, the development of the esports industry does not only mean good for the players but for different industry representatives, such as betting operators. 

If previously bets only were made for the football matches, how many people bet on the outcome of the LOL championships, and this is only the beginning. According to the representative of the Esportsbets.ru website, eSport events have almost twice as many audiences as the football events and relatively more money is placed overall on the eSports games, rather than on some of the sports games, such as racing. The tendency is increasing even more and soon, eSports might take over a significant role in the economy of the country, especially with the constantly increasing annual turnovers. 

Tech

The tech industry is developing all over the world, and the 21st century is called the era of technologies for a purpose. Tech development is something that makes us all move and provides a dynamic competitive ecosystem for almost every industry. The technologies keep developing and different gadgets, as well as features, are introduced to us almost on a daily basis. This might mean that the tech industry should be the future for the Russian economy as well. Back in the USSR, Russian technicians and engineers were known for their extreme skills and capabilities of creating new machines. The skills have not disappeared and the engineering is slowly moving in the tech direction, which might be very promising for the tech industry of Russia. 

Machine learning 

The rumor has gone, that Russian engineers and tech representatives are working on integrating AI technologies into their platforms. As already mentioned the skillful professionals in the field have never been an issue for the country, and it is not an exception. AI integration should affect the country's economy very much as smart gadgets and websites are something which is striving through most of the industries. 

While Russia due to its original imperial nature might use AI technology as another means of control and simply might turn into a big brother constantly watching the people, the AI industry is slowly taking over many others. In the nearest future, we might witness some of the most progressed AI robots and gadgets from Russian production. This has also affected the increasing number of developers and computer engineers, software engineers in the country. 

One way or another does not really need to follow the consecutive order, one thing is for sure, that Russia will soon get rid of the oil and gas mass production, rather than switch to the more modern industries in order to maintain a stable economy.

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