EXPANDING EUROPE: NEARSHORE SOFTWARE DEVELOPMENT IN UKRAINE

Every year Ukraine becomes more and more the center of attention in the world of IT technologies. Like many other countries, Ukraine has not been spared by the revolution in the IT sector, and now it is one of the most promising countries for developing software and providing IT services. It should be noted that Ukraine is already a major supplier of IT services for Europe and the USA today, and speaking of the main thing, customer reviews are very impressive, because more than 90% of employers that have ever collaborated with Ukrainian developers were satisfied. Many large companies have already hired a remote team or opened their offices in Ukraine, as well as entered contracts for the provision of IT services. In addition, Ukrainian IT specialists, developers, and programmers are actively involved in the development of products for the world leaders in the IT industry.

But more than one country in Europe can boast of these facts and indicators, Germany for example, and everything would be fine, but there is one small feature that attracts foreign companies so much. To understand what exactly we are talking about, we will give you a clear example. Let's take for comparison Germany, which we have already mentioned, and Ukraine, and to be more precise, their two main aspects - in terms of the quality of work, and in terms of financial benefits. In the first case, both countries are ready to show good results, because they are not inferior to each other in the labor market and are in great demand. But if we consider the second aspect, then Ukraine still occupies a leading position.

Ukraine is exactly the golden mean where you can hire high-quality developers at lower prices without compromising the quality of the product. The main reason for this is the lower cost of living in Ukraine, which we mentioned more than once in our previous articles than in other European countries. This, in turn, contributes to the lower salaries demanded by programmers and developers. Thus, for companies that want to maintain their financial capital, Ukraine will become an ideal platform for placing their business there and hiring Ukrainian specialists.

Even without statistics, we see how over the past few years the IT market has become oversaturated with specialists. A good salary, the relevance of this profession, the opportunity to work for yourself - this not only attracts many people who, when choosing a future profession, consider the IT sphere. Let's remember the law known to all of us - where there is demand - there is competition. But why, if we compare the Ukrainian IT market and the American one, then obviously the competition in the first case is not so high?

Firstly, recent studies have shown that only 57% of Ukrainian specialists want to stay to work in Ukraine, while the rest, without waiting for an offer for cooperation from a foreign company, go abroad in search of work.

In addition, in Ukraine, there are 2–3 times fewer IT specialists per 100,000 people than in competing countries. This suggests that we still have a high potential for expanding employment in the IT sector through formal education and retraining. Due to this, the competition is not so tangible, and for young professionals, it feels like a breath of fresh air, and an opportunity to show their skills.

Perhaps this remains the main reason why the Ukrainian market is still not oversaturated with workers. But do not forget that the number of people who want to delve into the field of IT is growing every day, and education or developer skills can now be obtained not only at the university, but also by taking courses, enrolling in an online school, or even learning everything yourself. Perhaps the demand for self-taught specialists will be less, but they should not be underestimated, because in the total amount, the level of competition in the labor market will soon begin to grow.

All these facts testify only to the fact that we are only at the beginning of success. This is facilitated by the talents of Ukrainian developers, the popularity of the profession, the development of educational projects and the large capacity of the labor market in Ukraine. Perhaps this is the very sign that now is the time to hire your own team of Ukrainian developers.

Today we are witnessing the phenomenon when for the first time the IT industry is turning from a "niche story" that few people have heard of, into a popular area that many people want to get into. And to sum up this article, let's talk about the relevance of nearshoring in Ukraine once again:

• Economic and financial benefits for clients who want to take advantage of this business model and consider Ukraine as an area;

• Not so overheated IT market and relatively low level of competition compared to European countries and the USA;

• High quality of work, which is already used and satisfied by many clients from abroad;

• Good location, highly developed infrastructure, the possibility of cooperation and provision of its services to the EU countries;

We hope this article was for you, our reader, no less interesting and informative than the previous one, and you will be happy to follow the news of our blog.

If you have any questions or have an idea about hiring a team of professional developers in Ukraine, we would be glad to fuel your business idea with our services: contact.us@gointeractive.co