The rapid spread of pandemics has made organizations of all sizes rethink their business strategies to ensure financial security in a newly-coined reality. From the shortage of qualified professionals, the world has shifted to the millions of job losses just within a few months. The only industry that remained suffering from scarcity of talent was IT. Countries all over the world have become unable to fill tech vacancies: only 18% of countries didn’t report tech shortages in 2020. And that’s definitely not the end. According to the Bureau of Labor Statistics, the shortage of tech engineers is going to exceed 1,2 million by 2026 in the US solely. Therefore, companies were forced not just to streamline their operations but to prepare for the next disaster.
Global tech giants and evolving startups have changed the way they were managing their businesses. They’ve started looking from a different, more cost-effective, and less time-consuming perspective, they started outsourcing more. According to the GSA report, 70% of companies are planning to outsource more in the near future.
Eastern Europe has become one of the most popular outsourcing destinations because of the availability of a vast talent pool, a big number of CS university graduates, geographical location, and high level of technology adoption. A range of countries represent this IT region, being home to top software development companies in Europe that develop tech solutions for such behemoths as Microsoft, Google, Skype, Audi, Siemens, and many more.