Free press releases distribution network?

More news: Outsourcing
Agency / Source: TechnoPark Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Outsourcing to Ukraine - 2006 Results and 2007 Expectations - 2006 showed that IT outsourcing remained one of the most dynamic field of the Ukrainian economy. Because of the growing requirements for the service, 2007 is expected to be successful for the industry
Outsourcing to Ukraine - 2006 Results and 2007 Expectations

 

PRZOOM - /newswire/ - Naples, FL, United States, 2007/01/17 - 2006 showed that IT outsourcing remained one of the most dynamic field of the Ukrainian economy. Because of the growing requirements for the service, 2007 is expected to be successful for the industry.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Outsourcing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Information Technology market in the Ukraine has been growing stably during the last five years. Although internal customers still cannot afford ordering big IT projects, Ukrainian IT products are progressively more desired in Western countries. The USA and Western Europe are unalterably the well-established importers of software development services from the Ukraine.

The growth of IT industry export totaled 60% and rose to $280 million in 2006; the growth of IT market totaled 25-30%. According to IDC forecast, Ukrainian Information Technology market is expected to grow 15-17% and reach $2.4-2.5 million in 2007. It means that outsourcing service market is going to maintain its stable growth.

The successful development of Information Technology Outsourcing Industry in the Ukraine results from a number of advantage factors in the country.

In spite of the increase in developers’ salaries and general price raising in 2006, software development costs are still highly competitive and attractive for Western customers. The attractive prices are accompanied with progressively improving quality of products and knowledge of developers.

Still, low cost is the priority only for small and medium-sized Western companies when they choose outsourcing service provider. It is the kind of customers which will be critical for Ukrainian IT services export volume in 2007. In order to attract big investors, governmental programs stimulating country’s IT industry development and making up positive image of the Ukrainian developers in the world need to be conducted. The majority of US and Western European big business owners still consider risks of IT outsourcing to the Ukraine to be very high. Several years are needed to attract them to the country.

Nevertheless small and medium-sized customers are the good prospective. IDC forecasts the increase of small and medium-sized businesses’ (SMB) role for providers searching for new markets.

Another factor, which is expected to contribute to the development of the Ukrainian Information Technology market, is instable political situation in the Middle East. The permanent threat of war conflicts in the region leads to customers’ surrender of co-operation with the traditional outsourcing market leaders: India, Israel, Pakistani and other Middle Eastern countries. The process of reallocation of orders will start in the near future providing Ukraine with a good chance to present itself as a reliable and prospective service provider at the global market. Because of the political instability in the Middle East, interest to Eastern and Central European countries has increased.

The similarity of cultural code, traditions and religion are an important advantage for outsourcers to work with the country. US and Western European customers like western mentality of the Ukrainians and small time-zone difference. Thus, the new trend called nearshoring is a prospective direction for the Ukraine. Nearshoring is an offshore outsourcing to the countries situated nearby the customer’s country. It is popular in the developed Western European countries like Germany and other countries. The former USSR republics which include Ukraine are within eyeshot of customers who start exploiting nearshoring.

Numerous Information Technology conferences and forums evidence the increased interest to the Ukraine around the globe. Ukrainian Outsourcing Forum, which is one of the most important outsourcing events, has expanded its borders and hosted participants from the USA, Europe and Asia in 2006. Ukrainian showcase at the international outsourcing exhibition CeBIT 2006 is another important shift.

Due to all these factors Ukraine was included into the five most attractive outsourcing directions in some Western countries in 2006.

The progress of IT outsourcing decentralization process is an obvious trend. Regions develop dynamically and compete with the capital, Kiev. It helps to keep prices down along with improving the services quality. Regional companies are traditionally small with the staff of no more than 100 employees however these are the companies making up the basis of the Information Technology Industry in the Ukraine, where big players can be counted on the fingers of one hand presently.

That is why swiftly developing medium-sized companies determine the development of IT outsourcing industry in the Ukraine now. From TechnoPark Corp. Management, the company’s profit has grown by 70% in 2006. TechnoPark Corp. is outsourcing software development company. Software development center is located in Dnepropetrovsk, Ukraine, and company’s headquarters is based in the USA, Florida. Due to the US-based office it is easy for the company to find and contact Western clients. A number of successful projects implemented by TechnoPark Corp. evidence that there are mature companies able to provide reliable and stable co-operation in the field of offshore software development outsourcing in the Ukraine.

Due to the growing interest to the Ukraine, a number of articles devoted to the country as an attractive IT outsourcing direction increase in the US and European mass media. “The country is quickly becoming a home for offshore development, with outsourcing turnover apparently growing at 200 to 300 per cent annually. Locations that buck the downward trend will provide competitive sourcing solutions for IT directors. Ukraine might well be one of such centres,” writes British online magazine ITWeek.co.uk.

Publication devoted to outsourcing to Eastern Europe published at Global-outsourcing.blogspot.com reads that “The attractive offshore work centers in Eastern Europe include Russia, Ukraine, Poland, Belarus and the Baltic. These markets not only offer low cost skilled labor force, but also an attractive regulatory environment with a close proximity and cultural ties to Western Europe.”

Ukrainian Information Technology Outsourcing Industry will continue growing. Even though experts foresee the general decrease of IT outsourcing needs on the global market, the Ukraine has good chances to find its niche and develop outsourcing services due to the political stability and great intellectual resources.

For more information about reliable software development outsourcing partner in Ukraine, visit TechnoPark Corp. website.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Outsourcing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: TechnoPark Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Outsourcing articles,
CATCH Visitors via Your Competitors Announcements!


Outsourcing to Ukraine - 2006 Results and 2007 Expectations

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Victoria Malinovskaya - TechnoParkCorp.com 
victoria.malinovskaya[.]technoparkcorp.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechnoPark Corporation securities in any jurisdiction including any other companies listed or named in this release.

Outsourcing via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From TechnoPark Corporation / Company Profile


Read Outsourcing Most Recent Related Press Releases:

Frost & Sullivan Lauds Teleperformance for its Continuing Dominance in the Latin American Nearshoring Services Market
Smart Link and Six Clients Sweep Top Honours at Middle East Contact Centre Awards 2016
Outsourcing Company Mobilunity Launches Time Management Android App 'Time Task'
PGBS Increases its Multilingual Call Center Support with the Addition of Regional Languages
'Getting Digital Done' Neo Insights CxO Roundtable 2016 in Collaboration with Baker & McKenzie
Visionet Enhances Innovative Solution for PowerBuilder Modernization to J2EE
Frost & Sullivan Distinguishes Teleperformance Russia for its Innovative Solutions and Operational Excellence in the Customer Contact Outsourcing Mark
Apple Pay® Now Available to Cardholders of ALINE Card by ADP® for an Easy, Secure and Private Way to Make Payments
Frost & Sullivan Recognizes Alorica for Catapulting into a Leadership Position within the BPO Industry
Influential Singapore Media Outlet, HumanResources, Selects ADP Payroll Solution for Two of its Top HR Vendors of the Year Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today