Ukrainian IT industry will reach $5 bln in revenues this year

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A comprehensive report into the Ukrainian IT industry produced by tech company 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.

Source: UkraineInvest

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