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.

Talented IT specialists, high quality of services and reasonable costs have always been prime motivation to businesses to consider outsourcing their IT services to Ukraine. Ukraine can boast stable growing market and extensive IT talent pool.

Offering affordable top notch IT specialists, Ukraine attracts more and more businesses considering outsourcing their IT services and locating their core IT development in Ukraine.

Ukraine is capturing a great amount of attention as an attractive outsourcing destination offering skilled IT specialists and high-quality services. The number of IT specialists working in the outsourcing industry reached more than 25,000 people and more than 1,000 outsourcing companies operate all over Ukraine.

Recently we started the series of posts about the regional structure of IT outsourcing industry in Ukraine. Ukraine is the leading country in the CEE region with the IT outsourcing market volume of more than US$1 billion.

Ukraine is the most attractive location for nearshore and offshore software development due to low cost of services, strong hi-tech educational system, well developed market of IT outsourcing services provision and of course the available pool of IT resources.