In the past half decade the IT industry in Ukraine has truly blossomed, with significant growth enabling it to become one of the world’s top 10 providers of outsourcing. There are a number of key advantages which it offers over other nations, enabling its rise to prominence and making it a good place for companies to flourish.
In 2011 it was recognized by the European Outsourcing Excellence Awards as being the ITO (information technology outsourcing) destination of the year. Since then it has continued to foster the talent necessary for a vibrant and successful business community, with over 40,000 people working in outsourcing alone, and 16,000 IT graduates entering the job market annually. Current figures suggest that by 2020 there will be 120,000 IT specialists in Ukraine, increasing its viability as a hub for offshore development.
Because it is based in Europe, there is no need to worry about the impact that time zones might have with your ability to collaborate with remote development teams in Ukraine. It is also easy to book a flight between Ukraine and other major international destinations, which helps when building relationships with overseas clients. Meanwhile value for money is assured because while the talent pool available is significant, salaries are often less than half those commanded by equivalently experienced employees in Western Europe and North America.
There are other advantages to outsourcing IT responsibilities to Ukrainian companies, including the fact that most specialists in this field are at the younger end of the spectrum, aged under 35. This gives them much more flexibility when it comes to working hours, enabling them to commit to projects that might not be viable in other regions. Developers in Ukraine are known for their creativity and enthusiasm, as well as their deep knowledge of popular platforms, ranging from smartphone solutions like iOS and Android, to web-based systems like Java.
Ukraine is a forward-thinking, outward-looking country in which the IT outsourcing industry is becoming a major part of the economy. This is all because it offers a great environment for offshore development firms to operate.