The IT outsourcing market accounts for USD 544 million. There are 800 IT outsourcing companies employing 14,000 IT specialists. Since 2000, the Ukraine has become an attractive outsourcing destination in Eastern Europe providing software development services to clients in the US and Western Europe.
Ukraine is also an attractive location for offshore / near-shore companies, home to many subsidiaries of international companies like IBM Ukraine, Comarch, Microsoft, SAP, Aricent, ISM eCompany, and Ciklum. Ukraine has several home-grown ICT companies.
Whereas initial outsourcing investment focused on Kyiv (40 percent of FDI projects) companies are now focusing on second tier cities such as Lviv and Kharkiv as potential investment destinations.
The Ukrainian Hi-Tech Initiative and IT Ukraine are the associations representing the IT-BPO industry in the country.