Yandex Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Yandex Strengths, Domain Expertise, and Key Differentiators

Yandex Cloud stands as a comprehensive cloud platform catering to B2B customers, including small and medium-sized businesses (SMBs) and enterprises, as well as individual developers. It offers scalable infrastructure, storage, machine learning capabilities, and development tools, empowering users to construct and elevate advanced digital services and applications.

In 2020, the company introduced eight new services to its platform, encompassing areas such as security, serverless computing, and machine learning. Yandex Cloud stands out as the inaugural public cloud platform in Russia and the CIS region, aligning with both international standards like ISO 27017 and ISO 27018, and Russian regulations governing data storage and processing. Notably, all Yandex.Cloud services operate on servers situated within Russia.

Yandex Recent Developments

In December 2023, Yandex has made the YandexGPT API accessible to businesses worldwide through Yandex Cloud. The latest iteration, YandexGPT 2, is now accessible to companies globally. Businesses have the option to train the technology with their own data, and the service's chat mode supports text dialogues while retaining conversation context. Furthermore, YandexGPT utilizes embeddings in cloud environments, facilitating work with vector databases and text data clustering.

In September 2021, Yandex spun off of ClickHouse. into a standalone company. ClickHouse DBMS was developed by Yandex for processing the data from its web analytics system Yandex.Metrica. This technology was first launched as a prototype in 2009 and released as open-source in June 2016. More than 770 developers from many companies have contributed to ClickHouse since its open-source release five years ago.

Yandex Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Yandex applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Yandex and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Yandex.Cloud, Yandex.Disk, Yandex.Metrica, Yandex.direct, Yandex Routing, Yandex 360 for Business, customers.

Yandex Key Enterprise and Cloud Applications

Yandex.Cloud, Yandex.Disk, Yandex.Metrica, Yandex.direct, Yandex Routing, Yandex 360 for Business,

Yandex Revenues, $M:

Yandex Revenue Breakdown By Type, $M:

Yandex Enterprise Applications Revenues By Functional Markets, $M:

Yandex Enterprise Applications Revenues By Verticals, $M:

Yandex Revenues By Region, $M

Yandex Direct vs Indirect sales

Yandex Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Yandex Customers

No. of Yandex Customers: x

No. of Yandex Enterprise Applications Customers: x

No. of Yandex Cloud Customers: x

No. of Yandex Cloud Subscribers: x

In the first half of 2022, the number of paying Yandex Cloud customers grew another 1.5 times to 23,100.

Both 2021 and the first half of 2022 saw current and new customers expanding their usage of platform services at a pace that accelerated along with the number of overall Yandex Cloud customers. That trend has continued since the beginning of 2021, with the average invoices growing by 104% in comparison with 2020 figures. In the first half of 2022, our average invoice grew by another 64%.

Price increases for some service groups in May 2022 had a minimal impact on the growth of our average invoice in the first half of 2022. Of greater import is the fact that current Yandex Cloud customers and new users alike are using the platform less for experiments in test environments and more to build and run business-critical services.

Yandex Market Opportunities, M&A and Geo Expansions

In 2023, Yandex released the source code of DataLens, a Business Intelligence (BI) system that serves as a foundational component for various Yandex services and thousands of external companies within the cloud infrastructure. The open availability of the source code allows users to customize it according to their specific requirements. DataLens proves to be a versatile solution for diverse data analysis and visualization tasks, facilitating the creation of dashboards for monitoring key business metrics and enabling collaborative access to analytics.

Throughout 2023, the cloud platform witnessed a threefold increase in the number of DataLens users, reaching tens of thousands. These users span various sectors, including retail, fintech, and IT, relying on the tool for their analytical needs.

Yandex Risks and Challenges

In 2022, Yandex, often referred to as the "Russian Google," faced repercussions from Russia's war, resulting in its consideration of a media exit. The company's top executive encountered sanctions related to propaganda charges. Yandex is reportedly in talks to sell its media division, including Yandex News (a news aggregator) and Yandex Zen (a blogging platform with a recommender engine). Potential buyers, such as the Russian social networking giant VK, are under discussion. No specific timeline for the sale has been confirmed. Simultaneously, pressure has increased within the EU to impose sanctions on Yandex, particularly its news division, in response to actions by a former key executive, Tigran Khudaverdyan

In February 2021, Yandex experienced a data breach where an internal investigation uncovered unauthorized access to users' mailboxes by an employee seeking personal gain. This breach impacted 4,887 mailboxes. The compromised security and exploited vulnerabilities may pose a substantial risk, potentially leading to a perception of insecurity in Yandex's products and services. Consequently, users and customers may reduce or cease their usage of Yandex products and services, exposing the company to significant legal and financial consequences.

Yandex Ecosystem, Partners, Resellers and SI

Yandex boasts a widespread sales and support network, featuring sales offices situated in various cities across Russia. Additionally, it has a global presence with offices in Minsk, Belarus, Lucerne, Switzerland, Newburyport, Massachusetts, USA, Shanghai, China, Tel Aviv, Israel, and Almaty, Kazakhstan.

Yandex Cloud Infrastructure Insights

Subscribe to read more about:

• Yandex Public Cloud and Infrastructure (IaaS)
• Yandex Platform (PaaS)
• Yandex Application Delivery
• Yandex Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: