"Ukraine's IT industry predicted to fivefold " said, Eric Kuvykin, New York raised, Odessa, Ukrai

Ukraine ranked 53 while India left behind. From offshore to nearshore locations, Israel is outsourcing to Ukraine. "Ukrainian techies are reasonably priced and thy are brilliant. " said, Eric Kuvykin. Kyiv, Odessa, Dnipro, Lviv
 
HEWLETT, N.Y. - Feb. 25, 2020 - PRLog -- One would easily say that IT in Ukraine is on-fire. From 2016 to 2018 the number of techies nearly doubled. Growing from 100,000 to 192,000 while revenues climbed from 3 billion to almost 5 billion dollars.

According to http://www.EricKuvykin.com It will fivefold in the coming years. Kuvykin discusses the Crypto goldrush. The new administration in Kiev (https://news.bitcoin.com/ukraine-in-a-rush-to-legalize-cryptocurrencies-under-zelensky/), headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian government expects increased budget revenues

This booming I.T. market will create more wealth. It is no secret that the younger population of Ukraine is fluent in many languages, brilliant and hardworking. Ukraine continues to be a winning market in Outsourcing. Since previous Deloitte report, released in 10.2017, new major brands entered the Ukrainian Outsourcing market.

Hundreds of  R&D centers of major international conglomerates like  Apple, Wargaming, Boeing, Skype, eBay, Microsoft, Samsung Electronics, Apple, Wargaming, Boeing, Skype, eBay, Siemens, IBM, etc. are located in many parts of Ukraine. Moreover, 15 Ukrainian IT companies, including N-iX (https://www.n-ix.com/), Eleks, Sigma Software, etc. have been featured in 2019 Global Outsourcing 100 (https://www.iaop.org/Content/19/165/5037) list by the International Association of Outsourcing Professionals (IAOP) as the best outsourcing providers.

Gartner placed Ukraine in the top 20 offshoring destinations in Europe, the Middle East, and Africa regions.

"US, Canada & European countries are the most promising markets that outsource to Ukraine". Said, Mr. Kuvykin

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