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One of the world’s leading research agencies Ernst&Young has recently published a report reflecting the state of Belarusian IT industry and predictions for its future.

One of the world’s leading research agencies Ernst&Young has recently published a report reflecting the state of Belarusian IT industry and predictions for its future. We’ve singled out the most interesting facts that once again prove: Belarus is to be among top IT providers in a just few years.

  • The information and communication technology (ICT) sector currently has a workforce of over 85.000, including some 34.000 in the IT products and services segment. Another 30.000 IT specialists are employed in sectors of the economy other than ICT.
  • Exports of IT products and services increased by a factor of more than 30 in the period from 2005 through 2016, with the share of IT exports in the country’s total exports of goods and services rising from 0.16% to 3.25%.
  • 67% of companies are engaged in the development of customized technical solutions, 52% develop customized products, and 43% develop customized industry solutions.
  • Belarus has the Hi-Tech Park (HTP), a special regime for IT companies that was introduced in 2006 and applies throughout the country. Resident companies are exempted from most taxes their empoyees enjoy a 30% reduction in personal income tax compared with other sectors of the economy.
  • Employees of HTP residents make up 28% of the total ICT workforce and 70% of those employed in the IT products and services segment (2015).
  • 15 companies with 2,506 employees became residents of the HTP in 2006. Currently, HTP residents include 181 companies employing more than 30,000.
  • Six of the Park’s residents have been selected as 2017’s best outsourcing service providers — listed in the 2017 Global Outsourcing 100 — by the Internation-al Association of Outsourcing Profes-sionals (IAOP).
  • Five out of ten of the world’s largest corporations, according to Forbes rankings, are customers of the Hi-Tech Park, and its residents supply software products and IT services to 67 countries globally.
  • Nowadays, mobile applications developed by HTP residents are used by more than 1 billion people in over 150 countries of the world.
  • World of Tanks, a product by Wargaming, is one of the five most profitable MMO games with over 140 million registered users.
  • Some major international companies have already opened captive centers or global in-house centers in Belarus, benefiting from the high qualifications, relatively low labor costs and preferen-tial legal regime offered by the Hi-Tech Park. The best known include the captive centers of IHS Markit, Playtika, Netcracker, Viber, Yandex, Fitbit, Ciklum and SK Hynix.
  • Experts in the IT industry note that educational institutions need higher budgets and more flexible educational processes in order to further prepare the IT specialists needed on the market. Overall, cooperation between the state education system and companies in the IT industry has ensured strong development of the IT industry for the last 15 years.
  • The average monthly salary in Belarus as a whole in 2016 was about USD 400, while the average salary in the ICT sector was around USD 1,800.
  • Belarus had 313,000 university students in 2016, with as many as 75,000, or 24%, specialized in STEM (Science, Technology, Engineering and Mathematics) disciplines [3], including some 70 IT specializations, which are the most in demand among IT companies [5]. These are the people who will develop the IT industry of the future.
  • Advances in information technology attract foreign investors: total investments in the ICT sector soared by almost 290% to USD 1.47 billion by 2014, from USD 505 million in 2011. The US, the Netherlands, and Russia were the main sources of foreign investments.

 

Read full report here: The IT Industry in Belarus.

Source: Ernst&Young

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