Latest Insights on Ukraine’s IT Sector – Digital Tiger 2024

The Digital Tiger 2024 report is now available! This annual market research, conducted by the IT Ukraine Association and Top Lead, provides a comprehensive analysis of Ukraine’s IT industry, highlighting its resilience, global reach, and growing impact on the economy.

Why is this report important?

Ukraine’s IT industry is well-positioned for long-term growth and international integration. Between 2019 and 2024, the sector saw a 20.4% average annual revenue growth in UAH, reflecting strong investor confidence.

This momentum, combined with a strong focus on innovation, product development, and cross-border cooperation, makes Ukraine a strategic partner for the future of global tech. The sector is driven by strengths in FinTech, cybersecurity, AI, DeepTech, and other high-demand fields, making it an ideal environment for investment, cooperation, and expansion into global markets.

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Key Highlights from Digital Tiger 2024:

📌 Ukraine as a hub for IT talent: With over 258,000 IT specialists, Ukraine remains one of Europe’s largest talent pools. The median salary for IT professionals has continued to grow, and 59% of IT specialists possess Upper-Intermediate or Advanced English proficiency, making them highly competitive in the global market.

📌 Steady industry growth despite the crisis: The number of active IT companies in Ukraine increased by 5.9% in 2024, with the sector demonstrating an 8.2% annual revenue growth in USD over the past five years.

📌 A booming startup ecosystem: The number of Ukrainian startups has tripled since 2020, with over 2,600 active startups in 2024. Sectors like FinTech, cybersecurity, AI, and DeepTech are leading the way in attracting global investment.

📌 Strong investor confidence in Ukrainian IT: Over the past six years, Ukrainian IT companies have attracted nearly $1.5 billion in venture capital, with major investments in AI, cybersecurity, defense tech, and FinTech.

📌 Expanding international presence: 54% of Ukrainian IT companies now have official offices or branches abroad, strengthening their ties with global markets.

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Why should you read this report?

- The Digital Tiger 2024 report is an essential resource for business leaders, investors, policymakers, and industry professionals who want to:

- Understand Ukraine’s role as a global IT powerhouse

- Explore opportunities for investment and collaboration

- Gain insights into industry trends and market dynamics

- Learn about key players, export trends, and the future of Ukrainian tech

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📥 Download the full report here.

If you are interested in exploring business opportunities with Ukrainian IT companies, feel free to contact us. Let’s shape the future of tech together!