Current State of Tech Market in Ukraine
The tech market in Ukraine has experienced significant growth over the recent years, with the most active dynamics over the past 5 years. In March 2023, the IT export volume increased by 9.7%. This brought $53 million more to the Ukrainian budget compared to February. In addition, these indicators are 15% or $79 million higher compared to March 2022. By 2025, the number of IT individual entrepreneurs is predicted to rise to 347,000.
More than half of DeepTech and AI Industry companies (52%) are engaged in Software & Services, as of Q3 2023. It is followed by Internet Media & Services with the share of about 10%. Nearly one-fifth of companies work in EdTech, HealthTech, Industrial IoT, E-Commerce, GovTech, and Defence.
$7.35B
Exports of the Ukrainian IT industry in 2022; 5.8% growth compared to 2021
703%
is the overall increase in the value of Ukrainian startups over five years
$881M
Volume of VC and PE investments in 2022; 6% growth compared to 2021
$876M
amount of taxes and fees paid by the IT business in 2022, which is more than year before
DeepTech and AI Industry in Ukraine 2023
560 Companies
260 Investors
40 Hubs
Key Parameters
Infographic Summary
Industry Market Share in Q3 2023
Industry Funding
Value in the Artificial Intelligence Market
AI Industry Global Economy Size Preliminary Assessment
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