Trends of ukrainian IT outsourcing services industry
Growth of IT services export
Increase of IT support services volume
Increase in number of providers with foreign capital
Increase in skilled specialist shortage
Increase in outsourcing services consumption of international market
Deployment of Quality Management systems
Market consolidation process (M&A)
Increase in-house product development
Improvements in government support IT industry
Market decentralization processes
Strong Education system
13% of high school graduates don’t go to the universities
30% of high school graduates choose IT related subjects in universities
57% of high school graduates choose other subjects in universities
Ukrainian IT market surpasses all, even the most far reaching, expectations both in terms of software and hardware sales and production. Ukrainian IT industry is currently experiencing an explosive growth. According to the analysts from Hi-Tech Initiative the volume of Ukrainian IT outsourcing services and software development has increased by ten percent during the last 8 years and amounted to $1.1 billion and now the number of IT employees made up 25,000 specialists that amounted to 20% growth in the industry.
The Ukrainian IT market growth ratio by far outruns its counterparts from the CIS and Central European countries. By growth rate Ukraine outruns Russia, with its annual increment of 18%, almost twofold. On the evidence of such trend, increasingly more multinational vendors have established or re-assessed the status of the existing offices and offshore development centers in Kyiv, Kharkiv and other Ukrainian megalopolises.
However, the industry experts mention that IT market still has a low level of saturation, thus its potential is very large. Moreover, IT companies as well as individuals began to invest heavier in the appropriate fundamental IT education and training, which significantly adds to the general trend.
Respondents rate the volume of Ukrainian IT market in 2013 at $ 320 million that is approximately 9% of the total IT-market.
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