Ukraine's IT Industry Adapts to Wartime Challenges While Exploring New Markets
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Ukrainian IT services exports declined 8.2% in 2023 to $6.7 billion due to hesitancy among international customers to sign new contracts and slowing economic growth globally.
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IT services companies have adapted to wartime conditions, equipping software development centers with generators and satellite internet to retain and expand their international client base.
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The IT industry is exploring emerging markets like the Middle East, Africa, Latin America, and Japan as well as digital transformation opportunities to regain momentum.
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Ukraine's digital transformation, accelerated by the war, is driven by the expansion of e-government services like the Diia app and collaborations on defense-related technologies.
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International relationships like the U.K.-Ukraine TechBridge aim to support Ukraine's digitalization and create business opportunities for Ukrainian IT companies in foreign markets.