In the first half of 2020, we all felt global economic changes caused by the COVID-19 pandemic. The Ukrainian IT industry responded to it with growth slowing down from 30% to 24%. Yet, overcoming external and internal challenges, it regained its position really fast.
One of the reasons for the prompt recovery of the IT industry is increasing demand. Today, organizations all over the globe face a new challenge. They need to review and optimize business processes according to changing customer needs. As a result, almost every company migrated or expanded online due to the situation.
Another reason is the high quality of Ukrainian IT services. They come with reasonable and competitive prices, even with the transition to a completely remote mode of the workflow.
Now, we can say the Ukrainian IT sector has recovered. The IT export grew by more than 5 billion USD, and this is the highest number for all these years.
The key statistics of the Ukrainian IT market
First, let’s take a look at higher IT education tendencies inside the country.
The number of bachelor’s graduates has been stable over the last five years with an average of 16.2 thousand per year. Despite the growing popularity of the profession, we can’t see a steep increase in the amount of new IT professionals. The reason is quite simple. The General number of all graduates in the country in 2020 was only 191 thousand, which is 21% less than in 2016.
Nonetheless, the share of bachelors in IT specialities in the overall structure of graduation tends to increase. In 2020, it was over 8.5% with an average growth rate of 1.9%. It affects overlap, which ensures a stable number of graduates.
On the other hand, students can now gain practical skills while studying. It is closely related to internship opportunities which the IT industry is providing now. Even more, in 2020, the IT department of the Kyiv-Mohyla Academy merged with the EASE association. It proves that Ukrainian specialists get strong tech practice. As for now, more students choose not to study for two more years to get a master’s degree and prefer to seek practice inside IT companies, so 54% of graduates with bachelor’s degrees continue studying.
The main markets of IT Export
The main clients of the Ukrainian IT industry are the United States and Western Europe with Great Britain and European Union countries. However, it is obvious that the USA remains Ukraine’s largest R&D partner (45% of research companies), even if the statistics differ in other researches. Although, the geography of Ukraine’s main markets is about to expand and become more diverse.
The growth of the Ukrainian IT market correlates with the growing number of IT services export growth dynamics.
Data provided by Coursera Global Skills report for 2021 shows that Ukraine took 7th place in the level of Technology knowledge in the world. Moreover, Ukrainian developers are among leaders of European countries by two parameters – Technology and Data Science.
As for Data Science expertise, the IT industry in Ukraine closes the top 20 countries.
Number of Ukrainian IT industry specialists
The numbers of working specialists differ in different researches and vary from 200 000 to 220 000 experts. The majority of them is concentrated in cities with the biggest IT schools: Kyiv, Kharkiv, Lviv, Dnipro and Odesa.
The biggest number of tech talent lives in Kyiv, yet workers there have the highest median salaries in the country.
For the last five years, the Ukrainian IT industry showing stable, rapid growth. The industry overcame the Covid-19 crisis and now is bigger and stronger than ever before.
It’s no wonder that Ukrainian specialists have gained a reputation as experienced and reliable developers who do their job on time, providing top-notch technologies for their clients.
If you want to find skilled and trustworthy partners with more than 14 years of practice in the market, contact us, and we will help you on the journey of developing the best software solution for your business needs!