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.
Exports of the Ukrainian IT industry in 2022; 5.8% growth compared to 2021
is the overall increase in the value of Ukrainian startups over five years
Volume of VC and PE investments in 2022; 6% growth compared to 2021
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
AI Industry Global Economy Size Preliminary Assessment
The Artificial Intelligence sector is experiencing unprecedented growth. The US generative AI companies alone have garnered $8 billion in investments between 2020-2022. The comprehensive analysis made by AI Industry Analytics projects the global AI economy to reach a staggering $32 trillion by 2027. Access the report for a detailed and holistic overview of this burgeoning market. Stay informed — understand the future trajectory of the global AI industry.