Bìznes Inform (Jul 2022)
Transnationalization of Ukrainian IT Companies
Abstract
The study is aimed at identifying trends in the world information technology market in the XXI century, determining the features of transnationalization of Ukrainian IT companies. As result of the carried out analysis of factual material, the following were identified among the main trends in the development of the global IT market: investments in research and innovation, using network forms of business organization; rapid digitalization and quarantine restrictions in a global pandemic. As a result of the study, it was noted that Ukrainian IT companies already have clear interests and priorities of functioning in the world market, which is a potential for strategic development of both individual corporations and the State as a whole. The advantages of Ukrainian actors in the IT market in comparison with the nearest competing countries are determined as follows: the largest labor market; the largest number of graduates with IT specialization; Ukraine has 2-4 times less IT specialists per 100 thousand population than the competing countries. This indicates a high potential for expanding employment in the IT field through formal education and retraining (switching). The main IT companies of Ukrainian origin, which have acquired signs of transnational, are characterized. It is substantiated that the IT sphere is the least vulnerable to the devastating consequences in the economy caused by the war, so it can become a breakthrough technology for sustainable economic development of Ukraine. Prospects for further research in this direction are determining the perspectives for creating and evaluating the effectiveness of the functioning of international strategic alliances (ISA) between Ukrainian IT companies and foreign partners. The formation of ISA in the IT sphere makes it possible to change outdated standards adopted in practice and create new ones, as partners openly share their technologies and join forces to defeat their common competitors, and, accordingly, to assist the spread of new trade services (Prozorro, DIIA, E-health, etc.) entering into Ukrainian market.
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