Sep 16, 2024
tech,
news
Did you know the Ukrainian IT market is valued at $12.74 billion and counts 307,000 IT specialists?
The war in the country, as well as unstable political and economical situations could be scary. But, in reality, the IT sector here is flourishing. The industry has shown remarkable resilience and growth, with over 5,000 IT job vacancies as of August 2024.
Read this article and find out:
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The Ukrainian IT market is booming. Despite the Ukrainian-Russian war forcing many businesses to shift to remote work models, problems with electricity, and a significant brain drain, the country still remains one of the strongest in terms of IT services.
Here is an overview of IT market statistics Ukraine. Just think about these figures!
We can also add that the number of IT vacancies is rising. As of August 2024, DOU, one of the most popular platforms for IT recruitment, has more than 5,000 IT jobs. Among the popular categories, there is an increase for:
Interestingly, TypeScript is now the most popular programming language for Ukrainian IT programmers, followed by JavaScript in second place. Mobile developers most often use Kotlin. Swift is less popular — it was chosen by 27%.
The number of vacancies for Node.js specialists is also gradually increasing. In particular, there were 187 offers for them in August 2024, the highest figure in the last two years. In addition, there was a positive trend for C++ specialists in July and August. The DOU notes that such figures are the best since the beginning of a full-scale war.
Companies seeking to reduce IT labor costs may find Ukrainian IT specialists to be a valuable asset. The war in Ukraine has led to a decrease in wages and an increase in unemployment, resulting in a highly competitive IT labor market. This forces programmers to continuously learn new skills to stay relevant in the ever-evolving IT industry in Ukraine.
Scala developers command the highest median IT salary among programmers. Most of them are Senior-level specialists.
IT startups began to receive significantly less ($3338, -$663 for half a year). The median salaries of middles in these companies decreased by $500, to $2,500, and seniors — by $350, to $5,650. Lead+ developer salaries did not change and remain among the highest ($6,000).
The level of English proficiency could also impact salaries. Many Ukrainian developers possess a very good knowledge of English: 45% rated it as Upper-Intermediate, and another 10% rated it as Advanced. Over the year, the share of specialists who know the language at the Upper-Intermediate level and above increased by 3%.
Experienced developers know English better: among specialists of the Middle level, 43% have an Upper-Intermediate level and above; among seniors — 66%; among specialists of the Lead+ level — already 72%.
With the rise of artificial intelligence and fierce competition, businesses are changing their requirements and expectations. What is demanded now?
Ukraine holds second place in the number of AI companies among CEE countries. The number of AI specialists has grown fivefold in ten years. There are more than 240 firms working in the field of artificial intelligence there. The most famous startups are:
As Ukraine’s economy recovers, the IT sector is expected to benefit from increased demand for technology solutions across various industries. This recovery will likely stimulate new projects, partnerships, and opportunities within the IT market.
The industry has shown great resilience against the backdrop of the war. The volume of deals increased 4.1 times compared to the first half of 2023 — from $68 million to $283 million. Only in 2023, the country attracted $209 million. The following companies raised the largest investments:
Of course, few IT industry challenges remain, even despite such a positive tendency.
For example, Ukraine still competes with countries in Eastern Europe and Asia. The political situation remains unstable, and the war in Ukraine causes international companies to hesitate to consider long-term investments.
Another potential problem is a so-called "brain drain." Many skilled professionals started to seek better opportunities elsewhere due to the war. This "brain drain" and IT relocation threaten to deplete the local talent pool, making it harder for companies to find qualified IT specialists domestically.
Despite the challenges posed by the ongoing war, Ukraine's IT sector remains a beacon of resilience and innovation. The country's developers continue to attract global attention. With a growing AI presence and a thriving startup ecosystem, Ukraine's IT landscape offers promising prospects for both domestic and international companies seeking top-tier talent.
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