Ukraine's IT sector: analysis of trends under martial law

Keywords: information technology, IT company, export of IT services, business entities, correlation

Abstract

Information technologies (IT) play a key role in stimulating growth, stability and innovative development of the Ukrainian economy. IT sector is one of the leading and export-oriented sectors of the national economy, contributing to foreign exchange earnings, strengthening international competitiveness and adapting to crisis phenomena. Given the challenges of wartime and changes in the structure of demand for IT services, it is especially relevant to identify the most productive sectors that have the maximum export potential. This, in turn, allows us to formulate justified measures to support and stimulate priority areas of the industry. The purpose of the work is to analyze trends in the main indicators of the functioning of the IT sector of Ukraine under martial law, as well as to study the relationship between the volume of exports of IT services and the number of business entities in this sector. The object of the study is the IT sector as a component of the national economy, and the subject is indicators that characterize its activities and their impact on export potential. Research methodology includes the use of official statistics, open databases, a review of scientific sources and reports, analysis of the dynamics, structure and growth of indicators, data visualization (tables and charts) and conducting correlation and regression analysis to identify the relationship between key indicators. The analysis showed that despite the challenges of modernity, the Ukrainian IT sector maintains positive dynamics, demonstrating signs of recovery and the ability to maintain foreign exchange earnings. In general, the IT sector is adapting to a prolonged crisis, where the dominance of key players among IT companies remains. The number of active entities in the context of NACE code 62.0 has a positive impact on the volume of exports of IT services in Ukraine. Companies that are directly involved in computer programming have the strongest impact. The constructed linear regression model allows to emphasize the expediency of stimulating the creation of new business entities as a tool for increasing foreign economic activity.

Downloads

Download data is not yet available.

Author Biographies

A. Petrova, V.N. Karazin Kharkiv National University

Ph.D. (Physical and Mathematical), Associate Professor of the Department of Economic Cybernetics and Applied Economics

M. Deineka, V.N. Karazin Kharkiv National University

Senior Lecturer of the Department of Economic Cybernetics and Applied Economics

K. Priadko, V.N. Karazin Kharkiv National University

Student (Economic Cybernetics)

References

Scopus. (2025). Scopus database. Elsevier. Retrieved from https://www.scopus.com

Goyal, A., Bhakhar, R., & Gupta, N. (2024). Unleashing the power of information technology: A comprehensive analysis and future prospects. In Cognitive Connections: Unleashing the Potential of Interactive Technologies (pp. 1–14). [Book chapter]. Nova Science Publishers, Inc.

Zhu, R., & Li, Q. (2024). The impact of IT change on corporate environmental violations: Toward information asymmetry and stakeholder theory. Journal of Environmental Management, 371, Article 123240. https://doi.org/10.1016/j.jenvman.2024.123240

Liu, L., & Chen, L. (2024). Investigating business process management on environmental performance considering the mediating role of information technology. Heliyon, 10(23), e39714. https://doi.org/10.1016/j.heliyon.2024.e39714

Lazar, E., & Madaras, S. (2024). ERP adoption of SMEs in Romania: An IT innovation step or a business transactional necessity? Acta Oeconomica, 74(4), 557–574. https://doi.org/10.1556/032.2024.00026

Wallengren Lynch, M., Dominelli, L., & Cuadra, C. (2022). Information Communication Technology during Covid-19. Social Work Education, 42(1), 1–13. https://doi.org/10.1080/02615479.2022.2040977

Latinovic, T., Sikman, L. (2023). Impact of COVID 19 on the Information Technology for Online Education, Education 4.0, Challenges and Solutions. In: Ademović, N., Mujčić, E., Mulić, M., Kevrić, J., Akšamija, Z. (eds) Advanced Technologies, Systems, and Applications VII. IAT 2022. Lecture Notes in Networks and Systems, vol 539. Springer, Cham. https://doi.org/10.1007/978-3-031-17697-5_54

Timotheou, S., Miliou, O., Dimitriadis, Y. et al. (2023). Impacts of digital technologies on education and factors influencing schools' digital capacity and transformation: A literature review. Educ Inf Technol 28, 6695–6726. https://doi.org/10.1007/s10639-022-11431-8

Bai, X. (2024). The role and challenges of artificial intelligence in information technology education. Pacific International Journal, 7(1), 86–92. https://doi.org/10.55014/pij.v7i1.524

Moghavvemi, S., Jam, F.A. (2025). Unraveling the influential factors driving persistent adoption of ChatGPT in learning environments. Educ Inf Technol. https://doi.org/10.1007/s10639-025-13662-x

Hlushko, A., Onyshchenko, S., Maslii, O., & Chumak, O. (2024). Digital transformation of the national economy in the context of information environment development in Ukraine. In Transformations of national economies under conditions of instability (pp. 169–197). [Book chapter]. https://doi.org/10.21303/978-9916-9850-6-9.ch6

Degtyar, V. O., & Zagvoyska, L. D. (2024). The importance of information technologies in innovation and economic growth of Ukraine. Scientific Bulletin of UNFU, 34(7), 30-36. https://doi.org/10.36930/40340704 (in Ukrainian)

Say, L., & Poritsky, Y. (2024). Peculiarities of the development of the IT market of Ukraine and Poland. Current problems of modern business: accounting, financial and managerial aspects. Proceedings of the VI International Scientific and Practical Internet Conference (pp. 452–454). Lviv: LNUP. (in Ukrainian)

Pravdyvets, O., Litvin, N., Denysov , O., Polishchuk, O., & Oliinyk, V. (2024). Strategic directions for innovative development of enterprise financial-economic security systems based on digital technologies. Financial and Credit Activity Problems of Theory and Practice, 6(59), 273–282. https://doi.org/10.55643/fcaptp.6.59.2024.4575

Hrytsay, O., & Papish, V. (2024). Development of information technologies in Ukraine and their integration in the field of accounting. Economy and Society, (61). https://doi.org/10.32782/2524-0072/2024-61-88 (in Ukrainian)

Krymska, A., & Ponomarenko, O. (2024). Information technologies for increasing the efficiency of Ukrainian energy systems. System Research in Energy, (2a (78), 26-27. Retrieved from https://systemre.org/index.php/journal/article/view/846 (in Ukrainian)

Kaskevych, V. M. (2024). Export of services in the field of information technologies: opportunities and challenges. Scientific notes of the Lviv University of Business and Law. Economic series. Legal series, 41, 185-194. https://doi.org/10.5281/zenodo.13353576 (in Ukrainian)

IT Ukraine Association. (2025). Retrieved from https://itukraine.org.ua/members/

YouControl.Market. (2025). Information Technologies of Ukraine. Retrieved from https://catalog.youcontrol.market/informatsiini-tekhnolohii (in Ukrainian)

DOU. (2025). TOP-50 largest IT companies of Ukraine. Retrieved from https://jobs.dou.ua/top50/ (in Ukrainian)

National Bank of Ukraine (NBU). (2025). Retrieved from https://bank.gov.ua (in Ukrainian)

State Statistics Service of Ukraine. (2025). Retrieved from https://ukrstat.gov.ua (in Ukrainian)

Published
2025-06-30
How to Cite
Petrova, A., Deineka, M., & Priadko, K. (2025). Ukraine’s IT sector: analysis of trends under martial law. Bulletin of V. N. Karazin Kharkiv National University Economic Series, (108), 27-40. https://doi.org/10.26565/2311-2379-2025-108-03
Section
Modelling and information technology in economics and management