GlobalLogic IT company, the largest software designer in Ukraine, expects that the Ukrainian IT market would grow by 20% in 2018, to over $4 billion, Head of the company’s office in Lviv and Vice-President for Engineering at GlobalLogic Denys Balatsko has told Interfax-Ukraine on the sidelines of Lviv IT Arena 2018. “Assessing the IT market in Ukraine is quite difficult, since most of the companies on it are not public and do not make their financial statements public. We know the number of people working in this industry – according to recent data there are about 120,000. According to statistics released by the state, the amount of funding coming to Ukraine from the sale of IT services abroad is about $3.5 billion, but there is still an internal market, so I think that the figure of $3.5 billion is rather understated,” he said.
According to Balatsko, this year the market is developing very dynamically, and there is very high demand for qualified personnel. “The market growth this year will be about 20%. We are growing faster than the market. I hope we will reach 30% plus by the last year,” he said. The head of the GlobalLogic office in Lviv said that the company estimates that the IT market of Ukraine is experiencing a significant shortage of qualified personnel and engineering talents.
“We are working with universities, helping them to make the program more modern, so that students when graduating higher education institutions could start working right away, and companies do not have to spend half a year on their training,” Balatsko said. He also said that the second significant problem of the Ukrainian IT market is a lack of a mature product industry with a rather strong IT outsourcing market.
GlobalLogic Ukraine is the largest software developer in Ukraine. It has offices in Kyiv, Kharkiv, Lviv and Mykolaiv.
