ITU International Newsletter 12.12.2024-02.02.2025
IT Ukraine Association
Promoting Ukraine’s tech brand as the largest IT industry representative (200+ companies) ? Members of DigitalEurope
Hey! We’re catching up, and sure hope you’ve missed the newsletter. Past two months have been very productive indeed: We presented several analytical guides and, together with the whole world, summed up the year past. The economy growing, Ukraine remains a rising tech star—globally, that is—with the Association as well as our companies individually having a palpable influence on that. We’re glad you’ve been enjoying our previous issues, so we welcome our new subscribers and… dive in!?
Spotlight
IT Industry Navigators Presented at the ITU GM 2024
Last year, we launched four industry committees — #ITUAgriTech, #ITUCyberTech, #ITUEdTech and #ITUFinTech — with a focus on one IT vertical each that fosters close collaboration among businesses, governments and international partners. We covered each committee’s Strategic Sessions earlier in this newsletter, but now we come bearing… PDFs! That’s right, in December we presented each vertical’s guides for the whole ecosystem. Choose one to open below:
The navigators were developed by the IT Ukraine Association team in collaboration with the Top Lead agency. The general partner was UKRSIBBANK BNP Paribas Group. Special thanks go to analytical partners Capital Times and the Ukrainian Startup Fund, as well as to Compliance Partner Velstadt for their significant contribution to the project, and to our innovation partner UNIT.City.
ITU CEO Mariia Shevchuk Featured in Media
Get experts’ firsthand takes: Key Trends Shaping the IT Market in the NV Business article, Strategic Challenges and Opportunities Facing the IT Industry in 2025 via Liga.net’s Factor 2025 Project, AI Development Prospects through SPEKA’s Predictions, get an overview of Ukraine withstanding cybercrimes via Hromadske, and discover how Ukraine’s Resilient IT Sector is Further Adapting amid the Full-Scale War at the Ukraiinska Pravda Podcast:
Ukraine—a Digital State
Ukraine, More Digital than Ever
Launched back in 2016, the state-owned online trading system Prozorro had a record 2024 with more than 24,000 successful auctions: ?19.7b earned, 1.5x increase in public asset value. Also, yes, 5G is finally coming, with a city-wide pilot expected this summer. Moreover, Ukraine is 3rd in Europe in the Open Data Maturity index, 5th in the eGovernment Development Index, 6th per Chainanalysis and 1st in SME Policy Index Eastern Partner Countries 2024 by OECP — find these achievements and much more in our editions throughout last year and follow for more!
Meanwhile, the public services 21-million-citizen-strong superapp Diia is now supported by over 20,000 institutions that accept the documents and/or data from it with 5,000 added just last year. During the 5-year operation of Diia.Osvita—an educational branch of the governmental service-and-information portal—2.4m Ukrainians have registered for 80+ specialised courses with 3.6m certificates issued, 50% of ‘graduates’ utilise acquired digital skills in their jobs, over 15% have linked their income increase and 10% their stable employment to passing the courses.
Ukraine Has Officially Adopted the 2030 WINWIN Strategy
ITU welcomes the adoption of the Ukrainian Global Innovation Strategy that envisages the continuation of comprehensive digitisation, the launch of a network of R&D centers, social and political changes to the requirements of the modern world, as well as the restoration of ecology and the strengthening of the economy. DefenceTech and Secure CyberSpace, EdTech and XR, MedTech and BioTech, AgriTech, GreenTech and AUVs, Semiconductors and AI, SpaceTech, GovTech and Fluid Economy are the priority innovation areas.
ITU Newsline
Ukraine Cybersecurity Market Overview Presented
Current cybersec market evaluation crossed $138 million in 2024, having quadrupled with another 50% increase projected over the next five years. The fastest-growing areas are cloud security, data protection and endpoint security. The full-scale war has caused a surge in cyberattacks in Ukraine—placing it alongside the USA, South Korea and China—that increased demand for automated solutions. Whilst Ukraine’s share of the global cybersecurity market is less than 1%, we are deemed trendsetters, outperforming other countries in cyber expertise due to the proactive R&D segment, particularly in developing innovative solutions. Find details here.
The study was conducted by DataDriven Research & Consulting, initiated by the EBA Cybersecurity Subcommittee and the CyberTech Committee of the IT Ukraine Association. The study was carried out with the support of the Aspen Institute Kyiv, which implements the "Cybersecurity Dialogue" Program, and the USAID Cybersecurity Activity.
2024 Recognitions and Awards of ITU Member Companies
Among the many, many achievements of the Ukrainian IT Companies that are part of the IT Ukraine Association, we’d like to remind you of some that have been featured on our pages:
Per Djini, ITU companies made up 28~35% of the top lists of highest-ranked IT recruiters and by the number of hires, 50% of the most sought-after IT employers in Ukraine: Ajax Systems, Ciklum International, EPAM Systems, Geniusee, GlobalLogic Ukraine, Luxoft Ukraine, N-iX, Nova Digital, NovaPay, Sigma Software and Trinetix. Check our pages and stay tuned for more updates!
Second The World Bank x Ukrainian Businesses Meeting in 2024
On Christmas morning, leading business associations—members of the Ukrainian Business Council (URB)—representatives met with the WB delegation for a conversation focused on the drivers of Ukraine’s economic recovery, including the further IT Industry development.
领英推荐
“Business association leaders emphasised the importance of maintaining stability and predictability in business conditions (...), and compared it with conditions created in other countries for the functioning of innovative industries,”
reads the Statement—read it in full.
International Cooperation Projects
ITU x Pro Progressio: 2 Year of Podcast Starring, New Article
In December, our Polish partners Pro Progressio released the 20th episode of the ‘Good Morning BSS World!’ Podcast featuring ITU Member Companies’ representatives. The discussions cover the IT industry, key challenges and achievements, global cooperation, innovations in EdTech, cybersecurity and digital transformation, among other topics. Click the episode number to hear the recording: 60 (ITU), 74 (ITU), 76 ( JEVERA ), 77 ( Prozorro.Sale ), 79 ( Intellias ), 81 ( Mate academy ), 84 ( Infopulse ), 86 ( Itera ), 89 ( ELEKS ), 94 ( Customertimes ), 95 ( Integrity ), 96 ( Seeton ), 99 (ELEKS), 101 ( Beetroot ), 104 ( a-Gnostics ), 106 (ITU), 107 (Itera), 109 ( GIOS (Global Innovative Online School) ), 111 ( Edvantis ).
Now, we are also the co-authors of several articles in the FOCUS ON Business | media magazine: the July one with Sigma Software Group, if you recall, and the new January issue directly with ITU. In the latest issue, read about Ukraine’s IT sector’s advancements and core, IT specialists demand worldwide, governmental digitalisation awards and much more.?
Ukrainian National Stand at London’s Bett Global 2025
On January 24th, the 40-anniversary leading global EdTech exhibition concluded in London. Ukraine was represented by 4 IT companies — Geniusee, Edmaps, AR Book and Optima School. Over the 3-day event, these companies conducted over 100 B2B meetings with government representatives, businesses and representatives from private and public schools, and showcased their solutions in various areas, from VR to eLearning and software development.
The Ukrainian stand at Bett was organised by the IT Ukraine Association in partnership with Geniusee company.
Up Next: February-May 2025
February 6 — Online — ITU Webinar
This Thursday at 15:00 Kyiv time, we’ll be joined by the speaker Robert Schuppenhauer , Master of Science in Business Engineering. Some of the topics: Market Definition and Economic Forecast, Market Analysis and Understanding the Target Audience, Market Entry Pitfalls, Sales Strategy and Partnerships.
The webinar is organised by the IT Ukraine Association in partnership with RS Engineering & Management GmbH.
March 10-11 — London, UK — MoneyLIVE Summit
In a bit more than a month, a prominent FinTech gathering will take place. CEOs and tech experts will convene for conversations and partnership establishment. It’s the conversion point for all things financial innovations and banking transformations. There’s a special ITU Member discount, reach out to [email protected] to join Ukraine’s delegation.
May 20-22 — Dubai, OAE — Seamless Middle East
Over 25,000 attendees, 800 speakers and 750 exhibitors from the FinTech, retail, eCommerce, and digital technology sectors will gather at the global stage to showcase their innovations. Join the collective pavilion organised by the IT Ukraine Association : Conditions
Furthermore
The Economy is Good News, IT Exports Expected to Rebound
According to the 2024 data, the Ukrainian economy grew by 4±0.5%. Physical exports grew 35% in the first half and brought in $41b, up 13,7% from 2023. While the monthly economic growth has slowed by the end of the year, the exports figure has grown, the IT Services one very much so. Overall, IT Services brought $6.4b in state revenue.?
“The results and dynamics of 2024 confirm our forecasts. From 2025, the situation is expected to stabilise. The industry will begin its recovery after at least one of its decline-causing factors disappear, be it wartime circumstances or the stability of global demand for IT services. The Ukrainian IT industry strengthens the country’s economy and international positions — we are doing everything for this,”
emphasised Maria Shevchuk , ITU CEO.
Ukraine Facility Program and IMF Extended Fund Updates
In December, Ukraine received a €4.1b tranche for fulfilling the Q3 roadmap—in sum, 23 indicators fulfilled—of Ukraine Facility out of €16.2 in 2024 overall. By now, Ukraine has submitted the Q4 report, due to be reviewed by the European Commission within a month. Upon the expected success, a decision for further €3.5b allocation will be made.?
While the former initiative constitutes 40% of the total Western support, it’s not the only large one, as there’s also the International Monetary Fund ’s EFF program. As far as that goes, Ukraine has successfully passed six reviews—the 7th tranche of $1.1b—having received $9.8b out of a $15.b program fund. The next steps are laid out in the joint Memorandum of Understanding between Ukraine and the IMF on Economic and Financial Policy.