Global IT outsourcing market is growing day by day. It reached $288 billion in 2013.
IT outsourcing became very popular in the recent years, many companies do not hesitate to outsource services in countries worldwide. The IT market itself never stops to develop, as more and more services and technologies appear each day and it can’t stay on a certain level, it naturally goes up higher and higher.
Every year many researches are being done, so the whole world can observe how greatly IT Outsourcing market improves based on the numbers in researches. More and more countries appear to be ready to outsource services for you and your company. It is not only convenient, but cost-effective as well.
Trends of IT market change year by year. According to the latest researches, one of the priorities for today's businesses are technologies in the field of storage and data management. This is due to the constant increasing volume of data.
One of the main trends in the development of IT-market in the corporate sector are mobile and cloud technologies. Mobile business applications allow you to solve important problems, and make decisions on any point on the globe as effectively as in the workplace. The cloud model helps to save money on IT, reducing capital costs and operating expenses.
India, takes first place among the leading IT outsourcing companies basing on many factors, but it is not a leader across in all. Indiahas poor educational base and this influencesthegraduating students.
Other leaders comprise numerous other countries from Asia, but also Latin America and Europe.
Among the top countries for outsourcing can be outlined India, Indonesia, the Philippines, Argentina, Australia, China, Bulgaria, Russia and Ukraine.
Eastern European outsourcing locations were always popular outsourcing destinations. For example, Bulgaria competes with Slovakia, Hungary, Poland Russia and the Ukraine.
According to the Global Services Location Index, Ukraine is 11th and Belarus is 13th among 20 countries leading in the field of IT outsourcing services and also Ukraine got into the top 10 countries with the most certified IT specialists.
Many world-recognized companies outsource developments to Ukraine, for example Microsoft, Skype and Huffington post outsourced their services to QArea Software Development Company.
In the recent years Ukraine has become much stronger in the field of IT outsourcing. According to the latest researches, despite various economic, political and social changes, the demands on IT-solutions continue to grow. IT Outsourcing in Ukraine got world’s recognition and its popularity grows day by day.
Development of IT- services market in Ukraine depends on many external factors, economic conditions, foreign investment, government and legislative policy in the field of business and IT, the financial and corporate sectors, the debt of the government.
The volume of IT market of Ukraine in 2013 comprises $ 1,1 bn. There are more than 1000 outsourcing companies in Ukraine and about 26 000 IT professionals work in the IT industry. There are stable and mature companies, as well as small and new companies, but still competitive and prospective. Both help the IT industry of Ukraine to grow and bloom.
The areas of IT services related to outsourcing and systems integration are considered to be the most promising and favorable for the further development. First of all it can be the introduction of ERP and CRM systems. There is a tendency of growth of hosting services.
There are certain popular companies that fight in the Ukrainian IT battle, for it to be considered the 1st place where world-famous companies decide to outsource.
Why Ukraine is such a popular place for outsourcing:
- cost-effective solutions and results, so you can save up money but not lose the quality level;
- well established educational infrastructure, thus there are many schools that deliver talented IT specialists;
- the country used to be the top outsourcing country of 2011;
- the quality of software developed in Ukraine is very high;
- Ukrainian market is one of the most developed and mature in Eastern Europe;
- Ukrainian companies abide by international standards such as ITIL;
- the money transition system is safe;
- well-developed media, telecommunications and infrastructure, well-spoken English is a must for a good company.
It is very important to choose the right location for your IT outsourcing. When choosing the country to outsource software development, you should keep in mind the above-listed key features of the good country for IT outsourcing. These issues make Ukraineone of the best countries to outsource software development services.
BugHuntress software testingcompany designed “Why More Businesses Outsource IT Development to Ukraine”infographic. You can find there some facts about Ukraine.