The current trend of technology is basically changing our way of life. New business openings are being created while some jobs are rendered obsolete due to technological evolution. A lot of companies have seen these possibilities and have utilized modern technologies to improve their efficiency and productivity, enter new markets, and better serve the constantly changing taste of their clients. A lot of people are now learning digital skills and coding and there is a proportionate demand for their services.
But despite the changes and improvements to technology on a global scale, the resources needed by IT firms in order to take their businesses to the next level are not distributed equally. As a result, business organizations in different parts of the world tend to find it difficult to get the requisite tools and skills they need.
In this section, we will talk about the availability of IT expertise in Eastern Europe and whether they can help in ameliorating the challenge of scarcity of experts in the region,
The growth of Romania’s IT sector is heavily based on the country’s outsourcing capacity. The sector is a huge boost to Romania’s GDP, employing around 95,000 specialists and being home to companies such as Hewlett-Packard, Microsoft, and Oracle.
Ukraine has over 1,000 IT firms which engage a total of over 230,000 professionals to provide the services needed by a growing volume of clients both in the country and outside the country. About 100 of these are R&D outlets of international organizations dealing with a wide array of IT-related specializations such as software, gaming, and e-commerce.
PwC reported that the software development sector improved by 15-20% in 2016 and will continue to grow in the foreseeable future.
The IT industry of Poland, whose economy is ranked among the fastest growing in Eastern Europe, is projected to hit the $7 million mark in 2020. There are over 140,000 tech experts in this industry and the majority of them are below 34 years of age. Furthermore, the higher institutions of learning in this country produce about 15,000 graduates for the IT industry every year.
The R&D sector has seen a lot of private investment in recent years and renowned corporations such as Motorola and Google have centers in Poland.
The IT sector in the Czech Republic employs around 156,000 IT experts with about 9,000 IT specialists graduating annually. On average, there is a 10% rise in outsourcing in the country every year.
Companies such as Microsoft, Skype, and Oracle rely on the country for their outsourcing needs.
The software development sector of Hungary makes up about 6% of the country’s total economy. In eastern Europe, it is doing fine a major outsourcing destination with over 80,000 professionals. Organizations such as TATA and Ericsson have R&D centers in Hungary.
The IT sector recorded revenues of over $1billion in 2015. Outsourcing has been steadily rising in the country, with about 4,000 new IT experts being added every year to the workforce which currently stands at around 35,000.
The country with the 8th highest number of IT experts in the world, Bulgaria has a booming IT sector which has more than 30,000 tech specialists and this number keeps growing every year with over 3,500 new additions entering the sector annually.