Bìznes Inform (Mar 2024)
Trends in the Development of the IT Sector in Ukraine
Abstract
The aim of the article is to analyze the current trends in the IT industry in Ukraine, identify the key problems of the sector caused by russia’s military aggression, and identify areas of activation that will contribute to the development and adaptation of the sector to the challenges of the external environment. The information technology market is one of the driving forces of all sectors of the national economy, the State and regional administration, science and education, etc. In the context of globalization and the European integration of Ukraine, it should be borne in mind that the domestic IT sector is one of the most promising sectors of the economy. Mobility and quick adaptability to challenges allows the IT industry to be an important pillar of Ukraine during the wartime and will help in the period of post-war recovery. The article analyzes the trends in the development of the IT sector for 2018–2023, it was noted that the crisis shocks associated with the coronavirus pandemic, which significantly affected the business of many industries, did not harm the activities of companies in the IT sector. However, russia’s full-scale invasion in 2022 affected the positive dynamics of IT companies’ performance indicators and slowed down the growth rate of the IT sector. The article analyzes the factors that cause the slowdown in the development of the IT industry. In particular, the influence of both factors that have a global context and internal factors caused by the destructive pressure of war is considered. The article also specifies the tendency to reduce the number of specialists in domestic IT companies and considers its main causes. The areas that need to be activated in order for the IT industry to remain resilient, adapting to the challenges of the external environment, and continuing its development are allocated. The preserved positive dynamics of the performance of IT companies in the face of the full-scale invasion, the high level and demand for our IT specialists in the foreign and domestic markets indicate the accumulated significant potential and the ability of the IT sector to adapt quickly. The directions of activation proposed in the article will contribute to the further development of the IT sector.
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