Over the last eight years, the volume of software development and IT outsourcing services Ukraine has provided has grown by a factor ten, according to the “Exploring Ukraine. IT Outsourcing Industry” report, just published by Ukrainian Hi-Tech Initiative, leading association of Ukrainian software development and IT outsourcing companies.
The Ukraine is getting a great amount of attention as a very attractive outsourcing destination. Being ranked the first by the volume of IT outsourcing services provided, in the number of IT outsourcing companies operating in the market and in the number of IT specialists working in the industry among 16 Central and Eastern European countries,
Outsourcing services are increasingly penetrating the business practices of a wide-range of companies. Transfer of non-core and IT activities on a long-term basis to independent contractors allows the business to focus on its core business activities.
In a recent Alsbridge engagement the client leadership team sat down to make their final selection between two providers. Both providers demonstrated sufficient financial stability, functional and industry knowledge, marketplace credibility and the capability to deliver the client’s requirements.
In the post recession phase, when low cost countries like India, China and Philippines remain the most attractive destinations on the global outsourcing map, Europe, at the other end of the spectrum, is also capturing good amount of attention.