A GSA report states that nearly 70% of companies plan to outsource more in the next years – and nearly half of those are planning to outsource extensively.
According to Stratistics MRC, the global IT outsourcing market will be worth $481 billion by 2022.
We’re entering a new era in which outsourcing is not just a way to cut costs. Business leaders today see outsourcing providers as partners in innovation. Most entrepreneurs, at some point, consider outsourcing to Eastern Europe to give their business a fresh shot of skilled talent and pursue new growth opportunities.
Eastern Europe is one of the world’s most vibrant software development destinations, with a constantly growing IT sector and a high level of digital tech adoption. Countries including Ukraine, Poland, Romania, Hungary and Belarus have defined IT as a major catalyst for their growth.
Ukraine is one of Europe’s top and fastest-growing destinations for global software development services. According to a 2019 CEE report, its software development sector grew by 19% in 2018. With over 1,600 IT companies and more than 184,700 highly-trained IT professionals in fields as diverse as fintech, telecoms and healthcare, Ukraine boasts a huge pool of expert IT talent and is very cost-effective.
More than 100 international companies, including big names like Apple, Microsoft, Samsung, Boeing, Skype, Wargaming, eBay, Siemens, and IBM, have opened their R&D centers in Ukraine.
Ukraine ranks in Gartner’s top 30 offshoring and outsourcing destinations, and 18 Ukrainian IT companies were featured in the International Association of Outsourcing Professionals’ 2018 Global Outsourcing 100 list as the best outsourcing providers.