The IT sector of Ukraine on the world market: 2022

Authors

DOI:

https://doi.org/10.31617/3.2022(125)02

Keywords:

Ukraine’s IT sector, foreign trade in IT services, labour market, IT specialist, information technologies, IT companies.

Abstract

Introduction. In recent years, Ukraine has been steadily developing and achieving success as a promising player in the world market of information technologies. And as the remote workforce and digitization of operations become priority areas of business, Ukraine's role in the current efforts to restructure the global economy will grow.

Problem. With the beginning of full-scale Russian hostilities in Ukraine, the domestic IT sector remains one of the few that can continue to support the national economy, so the study of the state, functioning specifics and risks of the Ukrainian IT sector in war conditions should be taken into account when forming prospects for the further functioning of the industry.

The aim of the article is to determine the specifics of the functioning and importance of the IT sector in the economy of Ukraine before and during full-scale military operations, to identify the problems caused by the war, the impact of the war on the labour market in the IT segment, and develop proposals for their solution.

Research methods are general scientific and special methods.

Results. The dynamics and trends of the Ukrainian IT sector before the start of full-scale military operations were considered, the foreign trade in IT services of Ukraine was analysed for 20172021. The demand for IT specialists before and after the start of full-scale military operations on the territory of Ukraine was compared, the main problems of the IT sector, caused by the war, were identified. The contribution of Ukrainian IT companies to the economic stability of Ukraine is analysed.

Conclusions. The main factors of the stability of the Ukrainian IT sector remain as follows: the effective crisis management of IT companies, the remote work experience and a positive reputation on the global IT market. For the post-war recovery of the Ukrainian IT sector, it is advisable to use tax benefits and subsidies, venture capital investment (grant aid), mechanisms for intensifying coope­ration between IT companies of Ukraine and foreign partners, and the creation of foreign representative offices to promote the domestic IT sector abroad.

Author Biographies

Tetyana MELNYK, State University of Trade and Economics

Doctor of Sciences (Economics), Professor, Head of the Department of International Management

Elizaveta ZAVHORODNYA, State University of Trade and Economics

postgraduate of International Management Department

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Published

2022-12-22

How to Cite

[1]
MELNYK Т. and ZAVHORODNYA Є. 2022. The IT sector of Ukraine on the world market: 2022. Foreign trade: economics, finance, law. 125, 6 (Dec. 2022), 17–36. DOI:https://doi.org/10.31617/3.2022(125)02.

Issue

Section

INTERNATIONAL TRADE