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Ukrainian IT Market 2013: Fresh Stats and Forecasts

Last week Ukraine hosted IDCEE, the biggest conference for IT entrepreneurs and startups in Central and Eastern Europe. One of the most interesting reports presented at the event was the overview of the Ukrainian IT market by Yevgen Sysoyev from AVentures Capital Fund.

Let's take a sneak peek at the presentation and see what's happening on the Ukrainian IT scene now and what's expected for the years to come.

1. IT Outsourcing in Ukraine

2. Research and development (R&D) in Ukraine

  • Number of R&D centers - 100+
  • Software engineers employed - 5,000+
  • Annual growth rate - 30%-40%
  • Leading companies - Samsung, NetCracker, Wargaming, Magento, Crytek, Yandex, ABBYY, Siemens (also check out my previous blog post on foreign companies running R&D centers in Ukraine)

3. Ukrainian eCommerce market

  • Market value - USD $2 billion
  • Annual growth - 40% - 50%

4. Ukrainian software development market

  • Market value - around USD $1 billion
  • Number of app development companies - 1,000+

Key Report's highlights:

  • Ukraine is #1 in Central and Eastern Europe by IT outsourcing market size and IT Talent pool
  • Cost of mobile app development in Ukraine is 20% lower than in Belarus and Russia
  • Ukraine is in Top 10 countries with the highest number of certified IT specialists
  • Ukraine is in Gartner's Global List of 30 Outsourcing Destinations
  • Ukrainian software developers are the winners and finalists of the world's most authoritative IT contests such as ACM (Gold and Silver prize holders), Imagine Cup 2012 & 2013 (1st and 2nd prize), Google Code Jam 2013 (2nd and 4th prize), Facebook Hacker Cup 2011 through 2013 (finalists)
  • Ukraine is expected to double its IT outsourcing market value by 2016
  • Ukrainian eCommerce market is expected to grow from $2 billion to $10 billion in the next 5-6 years
  • Ukraine's investment market is assessed at $50 million which is 5x increase from 2010
  • Ukrainian startups value - over USD $1 billion

And one more interesting finding: Ukraine is #1 in Europe by the average time users spend online.

Check out a related article:
Vik is our Brand Journalist and Head of Online Marketing / PR with 11+ years of international experience in IT B2B. He's also a guest blog contributor to Business2community, SitePoint, Journal of mHealth, Wearable Valley and other IT portals.