Global Recognition of Ukraine’s IT Outsourcing Industry
Ukraine is increasingly becoming the number one choice for IT outsourcing, with the country's IT outsourcing market reaching US $1,1bn in 2012. With more than 1,000 outsourcing companies operating in the industry and more than 25,000 IT specialists involved in outsourcing, Ukraine is one of the most, if not the most, attractive nearshore destinations for Western Europe and UK and it is one of the preferred offshoring destinations for North American organizations.
Exploring Ukraine. IT Outsourcing Industry
Over the last eight years, the volume of software development and IT outsourcing services Ukraine has provided has grown by a factor ten, according to the “Exploring Ukraine. IT Outsourcing Industry” report, just published by Ukrainian Hi-Tech Initiative, leading association of Ukrainian software development and IT outsourcing companies. In 2011 the volume of IT outsourcing and software development services provided in Ukraine reached US$ 1.1 billion and the number of IT specialists working in the industry reached 25,000 people with 20% growth.
Outsourcing to Ukraine: Benefits and Drawbacks
Ukraine offers highly skilled IT specialists at a low cost for organizations looking to develop projects within Europe and North America. But while the honesty of Ukraining people appears to be key selling point, problems of corruption and the possibility of social unrest remain.