American Chamber of Commerce (ACC) and uSupport project will cooperate in promotion of Ukraine’s IT-outsourcing and BPO industry. The parties agreed to cooperate on purpose of creation required conditions for sustainable development and growth of the IT industry of Ukraine, improve the investment climate in IT industry of Ukraine, deem it necessary to enter into this Memorandum of Cooperation.
"Invest Ukraine" Governmental agency & Deloitte presented analytics on the IT market of Ukraine.
The report mentions that, driven by the availability of a large skilled labor pool as well as relatively low personnel costs, Ukraine was the fastest growing IT market in the whole CEE region before the financial crisis.
Developments in the coming years will show whether it will regain this status. Nevertheless, Ukraine’s IT industry is still underinvested in many areas. The low level of IT expenditures and low share of IT services and software sales in the total market value means a high potential for further growth.
Though this report can be treated as outdated, it provides a broad outlook and a plethora of information for the proper understanding of Ukraine’s IT industry potential.
Please find the full report available here.
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The national statistic service of Ukraine reports 15,676 economically active firms as having IT and telecommunications as their primary field activity.
The majority of them - more than 6,000 - are registered in Kyiv, and the number of IT professionals working in Kyiv is more than 17,500. The total number of IT professionals working in Ukraine is more than 200,000, and 15,000 professionals are supplied to the industry every year by university graduates.