Ukraine IT Outsourcing Industry Records an Impressive 20% Growth !

Over the last eight years, the volume of software development and IT outsourcing services Ukraine has provided has grown by a factor ten, according to the “Exploring Ukraine. IT Outsourcing Industry” report, just published by Ukrainian Hi-Tech Initiative, leading association of Ukrainian software development and IT outsourcing companies. In 2011 the volume of IT outsourcing and software development services provided in Ukraine reached US$ 1.1 billion and the number of IT specialists working in the industry reached 25,000 people with 20% growth.

These findings and other insights are detailed in the report “Exploring Ukraine. IT Outsourcing Industry” which capture key developments in Ukraine’s IT outsourcing and software development services industry. The report includes analyses of main indicators on the state of Ukraine’s outsourcing industry: the volume of provided IT outsourcing services, the number of IT specialists engaged in delivering the IT outsourcing services, number of companies operating in the industry, and service rates. The research examines key development indicators and data on the state of the industry for the years 2003-2011.

Ukrainian Hi-Tech Initiative’s research reveals the main trends of the Ukraine’s software development and IT outsourcing service industry in 2011, the market structural features and includes general information about the country, its infrastructure and specifics of conducting business in Ukraine.

The research shows that Ukrainian IT outsourcing industry demonstrates a stable growth over the past several years. Compared to other CEE countries, Ukraine reports the highest rate of market growth.

The official version of the report “Exploring Ukraine. IT Outsourcing Industry” is available for download below: Exploring Ukraine. IT Outsourcing Industry