In 2023, the Ukrainian information technology sector generated a total revenue of 20.8 billion hryvnias for the budget. To compare with 2022, Ukrainian IT companies surpassed the mark by 3.1 billion hryvnias, equivalent to a 17.4% increase. This is… during and despite the war.
Ukrainian IT sector has been growing rapidly in recent years. However, in 2022 the industry was shaken by the Russian aggression against Ukraine.
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In November 2022 Dominos Pizza became a shelter for a local IT community in one of Kyiv’s city districts, as the Ukrainians continue to resist Russian aggression. Since November 2022, the shutdowns and instability of the electric power supply became major problems.
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According to the Ukrainian tech industry market overview, the largest customer for Ukrainian information technology, in terms of money, is the United States, which imports nearly 40% of the services, and the second largest is Great Britain, consuming 10% of the IT services provided by Ukraine.
Let us take a closer look at the recent trends in the Ukrainian IT industry and compare them with the current situation in 2022.
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