IT sector revenues expected to reach $5 bln in 2019

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A new report into the Ukrainian IT industry produced by tech service provider N-iX has predicted a rise in annual industry revenues to a new high of USD 5 billion during the current year, representing almost double the total reached four years ago in 2015.

The report, which draws on data from a range of domestic and international sources including the IT Ukraine Association, the World Bank, Bloomberg and PwC, anticipates the number of Ukrainian IT professionals reaching 200,000 by the end of the current year, with approximately 4,000 IT companies operating in the country. Based on the report’s findings, the IT industry currently accounts for 20% of Ukraine’s overall service sector exports.

Over the past decade, successive years of rapid growth have made the Ukrainian IT sector one of the country’s primary service exporters. At the same time, this growth has created an entirely new class of IT professionals whose relatively high salaries, international mindset and enthusiastic embrace of gadgetry have made their mark on the business culture of towns and cities across the country.

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