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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. These findings and other insights are detailed in the report “Exploring Ukraine.

IT Outsourcing Industry” which capture key developments in Ukraine’s IT outsourcing and software development services industry. The report includes analyses of main indicators on the state of Ukraine’s outsourcing industry: the volume of provided IT outsourcing services, the number of IT specialists engaged in delivering the IT outsourcing services, number of companies operating in the industry, and service rates. The research examines key development indicators and data on the state of the industry for the years 2003-2011. The primary objectives of the report are to provide the holistic view on the state and potential of the Ukrainian industry of IT outsourcing and software development services, to gather all relevant information on the industry and provide a general economic analysis of the main characteristics of software development business.

The “Exploring Ukraine. IT Outsourcing Industry” report is intended for the current and potential software development and IT outsourcing services clients who are looking for opportunities of setting up their business in Ukraine and provides them with all the information needed to understand the market and to make decisions about outsourcing activities to Ukraine. Ukrainian Hi-Tech Initiative’s research reveals the main trends of the Ukraine’s software development and IT outsourcing service industry in 2011, the market structural features and includes general information about the country, its infrastructure and specifics of conducting business in Ukraine.

The research shows that Ukrainian IT outsourcing industry demonstrates a stable growth over the past several years. Compared to other CEE countries, Ukraine reports the highest rate of market growth. The report “Exploring Ukraine. IT Outsourcing Industry” is a qualitative source of information on the state of the Ukraine’s IT outsourcing and software development services industry and is distributed for free.

See more at: http://outsourcing-ukraine.org/2012/08/07/exploring-ukraine-it-outsourcing-industry-the-volume-of-it-outsourcing-services-provided-in-ukraine-has-grown-by-a-factor-ten/#sthash.pjbGXhfp.dpuf

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