Ukraine's Tech Sector Grows Amid War, Driving EU Digital Transformation
Ukraine's IT sector has experienced significant growth amid ongoing conflict, with exports projected to reach $6.4 billion in 2024 and investments doubling from $236 million in 2022 to $462 million in 2024. With 93% of firms serving international markets, key players like SoftServe and EPAM are driving innovation, particularly in dual-use technologies that transition from defense to commercial applications. Initiatives such as the IT Bridge project and the legal framework Diia City are enhancing collaboration and fostering digital transformation within the EU.
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Ukraine's IT sector, valued at $6.4 billion in exports in 2024, has grown over 54% in five years, with 4,500 companies and 310,000 professionals still operating during the ongoing conflict. The sector generates approximately $1 billion in taxes annually, with 93% of firms serving international markets.
Key companies like SoftServe and EPAM contribute significantly to Ukraine's tech exports. Amid the war, Ukrainian teams rapidly developed drone-interception and electronic-warfare systems compliant with European standards.
The tech market is rebounding, with investments increasing from $236 million in 2022 to $462 million in 2024. Dual-use technologies are emerging as a strength, with innovations for defense transitioning to commercial products.
The legal framework Diia City facilitates agile project management. Initiatives like the IT Bridge project enhance collaboration between Ukrainian and European firms, while the Enterprise Europe Network and Eastern Ukraine EDIH support partnership development and digital innovation.
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