IT Research Resilience: Export Revenue Of Ukrainian IT industry May Reach USD 8.5 BL By The End Of 2022

 

Lviv ІТ Cluster presented the IT Research Resilience study that focuses on the changes in the country’s tech industry since February 24.

According to IT Research Resilience by Lviv ІТ Cluster:

  • Export revenue of the Ukrainian IT industry may reach USD 8.5 billion by the end of the year, which is 20% more than last year. Even if some Ukrainian IT specialists start paying taxes outside of Ukraine, the export revenue will still reach USD 7.4-7.8 billion.
  • Today, the approximate number of IT specialists in Ukraine reaches 228,000 people (in 2021 – 285K)

  • About 7,000 IT professionals joined the ranks of the Armed Forces or Territorial Defense.
  • As of May-June, between 50,000 and 57,000 IT professionals relocated abroad.
  • 85% of surveyed companies said that as of May, they managed to completely or almost completely resume business activity to pre-February 24 levels.
  • The median salary of an IT specialist in Ukraine after February 24 is $2,360.
  • Among surveyed IT professionals, 57% want to live in Ukraine even if they have an opportunity to emigrate.
  • 78% of IT professionals want to stay in Ukraine under the positive scenario for the war’s end and the post-war economic development. Only 12%, or about 27,000 specialists, want to emigrate in any case
  • 73% of surveyed IT experts noted that since the beginning of the full-scale invasion, their income has increased or remained at the level of February 2022.

  • 89 percent of respondents give part of their income to charity: this is support for the Armed Forces of Ukraine or for internally displaced persons.
  • 63% of companies noted a positive financial result, and 13% – an increase in income in the range of 25-50%.
  • The average age of an IT specialist is 31 years. 71% of the industry are men and 29% are women.
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