Ukrainian IT industry is expected to reach $10 billion in value by 2020

05/15/2018
Ukrainian IT industry is expected to reach $10 billion in value by 2020

Ukrainian IT industry is expected to reach $10 billion in value by 2020. Ukrainian developers are skilled in a variety of technologies, with Java (26.3%), C#(15.4%), JavaScript(13.8%), PHP (13.1%), and Python (8%) being the most popular programming languages. Education is a top priority in Ukraine. With 79% of citizens having completed higher education, and 57% of IT specialists holding STEM (science, technology, engineering, math) degrees.

Ukraine’s 402 universities graduate nearly 40,000 graduates per year — more than Japan, the Netherlands, Sweden, Norway, or Belgium.

Ukraine is one of the destinations where IT service providers offer competitive pricing; businesses can expect 40% to 60% of expenses reduction by outsourcing their software development. More and more companies from all over the globe recognize the potential of the investment into technology capabilities of the country.

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