Ukraine is a country in the heart of Europe with an extensive IT talent pool, reasonably low labor costs and established business infrastructure. The IT industry in Ukraine is one of the most rapidly growing sectors of the economy.
Among the most distinct advantages of outsourcing to Ukraine are:
High skilled labour
Due to strong educational emphasis on engineering and sciences the large number of Ukrainian higher technical institutions can guarantee qualified and highly skilled specialists. Ukraine was ranked among the 10 TOP countries with the most certified IT professionals.
Historically, Ukraine has tight links with Europe due to similar culture and business values. Lots of factors like good quality of works, multiple languages skills and favorable time zones make it an excellent location for outsourcing. More than 70% of Ukrainian IT specialists work for European companies.
Favorable geographical position provides insignificant time difference with Europe. For other countries such as the US it provides 24/7 contact with clients. It makes the communication and collaboration much easier.
International investors will appreciate the investment opportunities in IT and software infrastructure and development. Availability of world-class software engineers at affordable cost have become a prime reason why Ukraine is recognized as the top destination for IT outsourcing.
- Ukraine was nominated as the “Outsourcing Destination of the Year” by the European Outsourcing Excellence Award .
- According to Global IT IQ Report by BrainBench, Ukraine is the 4th in Top 10 countries with the most certified IT professionals.
- European IT Outsourcing Intelligence Report 2010-11 finds that Ukraine is the most favorable place for companies seeking to outsource their entire IT function and components.
- Ukraine was ranked the 49th best country in which to live in the ranking of the world’s top 100 countries by Newsweek Magazine.
Ukraine’s IT outsourcing industry demonstrates a stable growth in the past several years and shows the highest rates of the market growth and in the number of IT specialists working in the industry, leaving other countries far behind in term of the exported IT outsourcing services.