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.
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.
Ukraine is capturing a great amount of attention as one of the most attractive outsourcing destination. With the highest IT outsourcing market volume, number of IT companies and IT specialists operating in the industry among other CEE countries, Ukraine is one of the main nearshore destination for West European and UK companies and offshoring destination for North American businesses.
Outsourcing has proved a boon to many companies. However, there are some inherent problems, which can be avoided if you employ some care. The Offshore outsource partner-you relation is meant to be a long-term one. It should be mutually beneficial.
One of the best things about outsourcing is that you pay for the services you demand only when you utilize them. There is no need for you to acquire new equipments or invest in additional personnel or training.