Ukraine: A New Citadel for IoT Hardware and Software Business?

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By Kateryna Dubrova | 1Q 2020 | IN-5717


Why is Ukraine Attractive for IoT Investment?


In 2020, Ukraine elevated its global positioning in the World Bank’s Ease of Doing Business index, climbing to 64th out of 198 countries and placing 41st in the Global Innovation Ranking, overtaking more prosperous developing countries like Qatar, Russia, and Brazil. However, thinking about information Technology (IT) and, more specifically, Internet of Things (IoT) developments, Ukraine would not be the first country coming to mind. The ultimate question, therefore, is why not?

  Geographical Center of IT/IoT Developments  

According to IAOP, Ukraine is placed 17th (2019) among IT service providers on the Outsourcing 100 list, exporting more than US$4.6 billion worth of IT services globally. The previous year's official statistic also highlights the fact that the Ukrainian talent pool is approaching 200,000 software developers, alongside 4,000 existing tech companies and more than 110 Research and Development (R&D) centers (established by Samsung, Ericsson, Huawei, Microsoft, Oracle, Boeing, etc.) and further partnerships with the United States, the Europ…

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