UKRAINIAN IT

INDUSTRY SURVEY: The booming Kharkiv IT sector is on track to generate a new record high of USD 1.5 billion in 2021

Ukraine’s second city is home to the country’s number two IT industry and has witnessed more than 50% growth in tech sector sales since 2019 despite pandemic conditions

INDUSTRY SURVEY: The booming Kharkiv IT sector is on track to generate a new record high of USD 1.5 billion in 2021
Kharkiv has Ukraine’s second-largest IT sector and accounts for around 16% of all IT jobs in the country
Business Ukraine magazine
Sunday, 19 September 2021 19:46

A newly released survey of the Kharkiv region IT industry has highlighted strong growth in 2020-21 despite the challenges presented by the global Covid-19 pandemic. The survey, conducted by KPMG and the Kharkiv IT Cluster, found that the Kharkiv region IT industry was on track to report total sales of USD 1.5 billion in 2021, representing a 53% increase on the annual figure for 2019.

According to the latest data, Kharkiv is home to over 500 service and product tech companies employing in excess of 45,000 people. This makes the city comfortably Ukraine’s second-largest IT employer after Kyiv. The Ukrainian capital accounts for around 29% of all IT jobs in the country, followed by Kharkiv (16%), Lviv (9%), Dnipro (8%), and Odesa (5%).

In line with national IT industry trends, the vast majority of Kharkiv IT companies are focused on producing IT solutions and IT products for export. The main export markets for Kharkiv companies are the United States (78%), Europe (15%), and Israel. According to KPMG calculations, Kharkiv IT companies will contribute UAH 12 billion to the state in taxes this year.

According to this latest survey, the average salary in the Kharkiv IT industry is currently USD 2,260 per month. Almost half of all sector employees are between 21 and 30 years old, with women making up 35% of the overall workforce. At present, more than 50% of Kharkiv’s IT professionals are working from home as a result of ongoing Covid-19 measures and a shortage of suitable office space.

Business ukraine current issue

Business Ukraine magazine issue  summer 2021

Business ukraine reader survey

Which Ukrainian city is best placed to develop as an international tourism destination?
Which Ukrainian city is best placed to develop as an international tourism destination?
You must select at least one item to vote!

Social media