Every IT-company sometimes encounters difficulties regarding the lack of specialists for their projects.
When companies are facing this problem, they can choose one of those variants to solve it:
- Hire new developers to the company staff
- Hire one or several specialists for the project from another team (outstaff)
- Give the project to another team for implementation (outsource)
The first variant is good considering the long-term partnership with a customer. Second is a great solution when most of the required specialists for the project are available in your team. And, the third variant is preferable to use when the project does not meet your company’s tech stack or when company staff is involved in another project.
In this article, we will consider why Ukraine is one of the most attractive countries for outsourcing and outstaffing.
Advantages of cooperation with the Ukrainian IT market:
The Ukrainian market has one of the best ratios of quantity, price, and quality of IT services.
According to research provided by N-iX, in the first half of 2020, there were about 184,000 specialists in Ukraine. (Over the past few years, their total number has grown by about 70%).
According to the N-iX research, the main characteristics of Ukraine’s IT market are:
- A large number of first-class specialists;
- Resourcefulness and stress tolerance;
- Proficiency in English (mainly Ukrainian specialists know English at the level of Upper-intermediate and Intermediate);
- High productivity;
- High quality of services provided;
- Clear work with the customer.
Based on the above, it is clear that Ukraine has already acquired its niche in the world. And this niche stands out favorably on the IT-globes, steadily shifting the competing countries. The total number of developers and specialists in various IT directions in Ukraine continues to grow rapidly.
According to external estimates, specialists from Eastern Europe, including Ukraine, occupy the first twenty positions in the world in terms of the quality of services provided.
Association “Information Technologies of Ukraine” has mentioned that in 2017 Ukrainian IT-companies exported digital services and goods for foreign customers at about $2.5 billion, and in 2019 — about $5 billion.
The growth of the IT-sphere in Ukraine has entailed many positive changes in IT-education — the deeper study of modern technologies and programming languages, in the curricula the greatest attention is paid to practical skills of students.
The Ukrainian IT cluster is expanding on average by 26% per year. At the moment about 4000 Ukrainian IT-companies exist in the world market.
About RedDuck Software:
RedDuck Software is a fast-growing R&D company located in Kharkiv, Ukraine. At present, our team consists of 20 professional specialists and we are working with clients all over the world.
Our main direction is Research&Development of Blockchain and Trading Software of any complexity, including Machine Learning integration. Also, we provide design and web application development services.
Our latest success story is the Engine for automated trading.
Our team is working on customizing the trading engine and on crypto-exchange APIs integration into a customer’s platform. RedDuck has connected more than 10 crypto exchanges and implemented features such as backtesting, technical indicators, etc. Also, we are going to work on supporting using machine learning techniques for trading strategies.
Customers have approached the application development in a serious and organized way — they are constantly in touch, provide us with the necessary information, and are always ready to make a call to discuss the details of the current stage.
After all, it is much more convenient for each outsourcing company to work on a project when the client provides all the necessary things and is always ready to discuss occurring issues.
Therefore, we are pleased to continue collaboration with the Global market.