Investor Presentaiton
Booming IT sector on the back of global digitalization
Selected large tech
players in Ukraine
<epam> Luxoft
A DXC Technology Company
Capgemini
softserve
GlobalLogic
A Hitachi Group Company
eleks
GENESIS
DataArt
G grammarly
CIKLUM
Comments
Driven by the global trend of digitalization, Ukraine is
experiencing a significant growth of IT sector: the number of
employees in top 50 companies has risen from 31k in
January 2016 to 86k in July 2021
The industry demonstrates higher output growth,
comparing to the whole economy: average of 6.1% over
2016-2020 vs 1.5% for general economy, leading to increase
in the share of the sector in the real GDP from 3.8% to 4.9%
Being focused on the international market, the industry is
also boosting export inflows: USD 4.9bn in 11m 2021 vs
USD 1.8bn in 2016
This led to almost 2x increase of the share in the total
export: 6.7% in 2021 vs 3.9% in 2016
IT & telecom sector output vs GDP real change, %
Share in real GDP
3.8%
4.0%
3.8%
4.0%
8.4%
4.9%
4.8%
Employment in IT companies, thousand people
33.2%
86
76
67
68
63
58
43
46
53
50
31 32
11.0%
11.6 12.7%
6.9% 7.6%
7.7%
4.5%
5.9%
6.6%
2.7%
1.9%
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Source DOU
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
Total no. of employees of Top-50 companies
Growth (p-o-p), %
Export of IT services, USDbn
Share in total export
3.9%
4.2%
4.8%
5.7%
7.3%
6.7%
6.5%
6.4%
6.8%
intellias
3.5%
5.4%
3.2%
AJAX
2.4%
2.4%
2.3%
2.7%
evo
playrix
February 2022
2016
2017
4.9
4.4
3.6
2.9
2.3
1.8
2018
2019
(4.0%)
2020
3Q 2021
Real change in IT & telecom sector output, %
Real GDP change, %
2016
2017
2018
2019
2020
11m 2021
BA
Source State Customs Service of Ukraine
Source National Bank of Ukraine
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