Learn more about the IT trends shaping Ukrainian IT labor market in 2014. How many developers are there? Who is in demand and what is the supply? This and more in our post, based on IT stats by DOU.
Unknown and unspoken of in the IT world some 10-15 years ago, today’s number one outsourcing destination in Central and Eastern Europe is Ukraine. According to the report of the Investor Day Central and Eastern Europe 2013, the value of IT outsourcing market in Ukraine reached €1.5 billion, involving over 500 service providers and more than 50,000 professionals. By 2016 it is expected to reach €3 billion.
One of the main reasons why European businesses outsource development to Ukraine is the competitive Ukraine programmers’ wages. High enough by Ukrainian standards to attract talented and skilled software engineers, they are still low enough for Western Europe and the US, allowing both parties to benefit from an outsourcing relationship. Let’s take a look at the trends, based on a survey by the leading resource for Ukrainian coders www.dou.ua.
According to the research of Ukrainian Hi-Tech Initiative “Exploring Ukraine IT Outsourcing Industry 2012”, Ukraine occupies the fourth place in the world by the number of IT Professionals. And the number of developers is growing significantly.
With its cost-effective workforce and vast IT talent resource, Ukraine enjoys the status of one of the most favorable locations for IT outsourcing in Eastern Europe.
Recent surveys show that average software developer salaries in Ukraine follow the global growth tendency. Nevertheless, IT workforce of Ukraine remains in great demand with European and North American IT firms, seeking to outsource their research and development.