Prior to the Covid-19 pandemic, many companies and startups across the globe preferred working with their local companies mainly because it was easy to commute and meet with the teams in their office. Today, however, the situation is a bit different as more and more people are working from home.
Outsourcing is one of the Business Process Outsourcing types together with Engineering Process Outsourcing, Knowledge Process Outsourcing, Legal Process Outsourcing, and Recruitment Process Outsourcing.
With the current 200 thousand IT talent pool, the Ukrainian software development industry is booming. According to the data released by the National Bank of Ukraine, the export of IT services, for the first time in its history, grew to over $5 billion in 2020.
For over a decade Eastern European IT outsourcing companies have been extremely attractive business locations from the western countries due to their rates, performance, vast talent pool, diversity of the technologies and tools utilized, etc.