Tech talent goldmine: Eastern Europe ranked among top-5 software development hubs With CEE tech talent being recognized as world-class, the regional export Software Development industry experienced a significant spike in mergers and acquisitions and private equity activity in 2018. As per Software Development in Ukraine, Poland, Belarus and Romania report issued by Capital Times, AVentures Capital and Aventis Capital, , the local investment leaders, the four countries represent a rapidly growing, highly competitive, and attractive source of talent for the global IT industry.
The IT services market benefits from the long-term upward trend due to increasing economic interdependence, willingness of the developed countries to move jobs offshore, and the growing necessity for digital transformation across enterprises. In turn, the three pillars depend on supply-demand disproportion of the tech talent. There is a gap between the required and available pool of developers.
The four countries of the CEE region can fill that gap on a global level. While Ukraine, Belarus, Poland, and Romania present a fraction of the Chinese or Indian software development market, the four countries make up an enormously competitive hot spot exporting $13 billion worth of services in 2018.