Why Set Up Dedicated Software Development Team In Ukraine
Why should someone consider setting up the dedicated software development team in Ukraine instead of other locations? Well, there was little to be noticed about Ukraine’s technology development until the past decade where a lot of improvement has been felt.
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Probably, the world has all along been concentrating on the conflict in the east and has been using it as an identity to the rest of the sovereign state. However, not anymore. Ukraine is currently ranked 13th by science and technology capabilities among 124 countries. Such a listing had to be made from information gathered from what is happening in Ukraine and from that is where we get to meet the happenings as far as IT is concerned and especially providers of the dedicated software development teams in Ukraine.
Starting with the most popular news of a two-year-old Ukrainian startup, who was bought by Snapchat at USD$150 million, is already a pacesetter of how much IT and outsourcing have developed. Looksery was using facial recognition technology that Snapchat would be using as its filter lens to allow users to photoshop video chats in real time. In addition, Google had before paid USD$45 million to purchase a Ukrainian software development company for facial recognition software. All these recent and even the upcoming breakthroughs are a result of a foundation of past successes like the online-writing enhancement software and Paymentwell all of which were developed in the state.
Technology in Ukraine is gradually proving to be worth investing in as well as outsourcing startup software development companies. In fact, there is a rough estimation of the existence of about 2000 startups across the country, an indication of significant growth of different outsourcing service models such as a dedicated software development team in Ukraine. Therefore, there is a vivid indication that the world is now actually turning their eyes to Ukraine as it is fighting its way through the technology war!
Ukrainian IT outsourcing industry
For the last half-decade, Ukraine has been one of the recommended countries for offshoring IT services and software development teams. However, with the recent outstanding growth of USD$2 billion in exports from 2011–2016 whereby 4% is from the IT industry, the country can now be rated among the fastest development in IT. In fact, IT and software exports are becoming the country’s 3rd income-generating sector while a great percentage of the exports are made to the US followed by the UK and then Israel.
There has also been a significant growth of IT service providing companies that have brought out the massive competition, resulting in affordable prices as well as high quality IT services. In fact, it is estimated that by 2020, Ukraine will be having approximately 200,000 IT experts in the industry. In turn, the data is clearly supported by the great increase of IT specialists by 65,000 from 2011 to 2016 plus, the fact that Ukraine still remains an arresting offshoring destination for the whole of Europe and North America.
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Due to the great number of software development companies, IT specialists, R&D centers and other providers of such services as the dedicated software development team in Ukraine, there is inevitable competition. As a result of such stiff completion, the certainty of high-quality services being offered is assured. After all, multinational companies like Microsft have already shown that outsourcing in Ukraine as far as availability of dedicated development teams is concerned, it is of unmatched standard quality.
Existek is a custom software development company helping our customers to solve their business challenges with best in its class software. All-out technology expertise, including the provision of Flutter application development services, .NET development, Java development, web development, etc. Contact us to get an instant and free expert consultation about your project.
