Archives: Locations

Tunisia

Tunisia’s ICT sector is an important part of its economy, employing about 80,000 people across 1,800 companies and showing significant growth. The sector’s service exports have increased from USD 32.1 million in 2004 to around USD 300.5 million in 2017, indicating Tunisia’s growing presence in the global IT market. Government initiatives like ‘Start-up Tunisia’ and attractive investment laws are driving this growth. Tunisia is becoming a notable choice for nearshore software development due to its cost-effective and high-quality offerings.

Taiwan final

Taiwan

Taiwan’s rise as a leading nearshore IT hub is driven by its transformation from a small electronics industry to a global technology leader. Home to giants like TSMC and UMC, Taiwan excels in R&D and efficient OEM/ODM production. Its robust role in global computing and the semiconductor industry, alongside a strategic location, educated workforce, and stable environment, makes it an attractive destination for quality, cost-effective nearshore IT services.

Slovakia

Slovakia is becoming known for its software development industry in Central Europe. The ICT sector there has expanded, with jobs growing from 65,500 in 2015 to 105,400 in 2021, and exports in this sector reaching 1.65 billion euros. Ranked 58th in the world for start-ups, Slovakia has strengths in marketing, sales, and technology, including hardware, IoT, and software. The gaming industry in Slovakia is also growing, helped by skilled workers and educational programs, which has led to more revenue and new game developers.

Serbia

Serbia is emerging as a nearshore IT hub in Eastern Europe, moving from 48th to 44th in the World Bank’s Doing Business ranking. The ICT sector plays a significant role, contributing 10% to the GDP, with notable growth in exports and employment. Serbia’s e-participation and online services are noteworthy, indicating a focus on digital advancement. With a strategic location, a well-educated workforce, and a growing IT sector, Serbia is gaining prominence as a destination for nearshoring IT services.

Romania

Romania is becoming increasingly crucial for nearshore software development due to its business-friendly environment and growing digital economy. With approximately 220,000 professionals in 2023 (2.8% of the working population), the ICT sector is among the most competitive and highly skilled in Eastern Europe. Romania’s good rankings in the IT Competitiveness Index and leading broadband speeds make it a top choice for nearshoring. Practical advantages include security aspects in cities such as Cluj-Napoca and Oradea, cultural and historical ties, a multilingual heritage in Transylvania, and matching time zones, as well as EU membership since 2007, which offers legal and financial benefits to companies.

North Macedonia

The growing ICT sector in North Macedonia reflects the country’s commitment to technological and economic progress. Since gaining independence in 1991, North Macedonia has become an upper-middle-income country and a hub for nearshore software development. The government’s proactive steps, like creating the Fund for Innovation and Technology Development (FITD) and aligning with the EU’s DESI goals through a robust ICT strategy for 2023-2027, have laid a solid foundation for innovation and technological growth.

Hungary

Hungary is gaining traction as a start-up hub in Eastern Europe, with over 1,500 start-ups supported by 140 investors, including successful ventures like Prezi and SEON. The country’s start-up enterprise value reached 2.4 billion euros in 2022. With a population of 9.7 million, Hungary’s business-friendly environment, featuring a nine percent corporate tax rate, attracts foreign investors. The Digital Workforce Programme underscores Hungary’s commitment to surpass the EU average in digital development by 2030, signaling a focus on industry growth and digital skills.

Croatia

Croatia is becoming a hub for nearshoring IT services with its booming digital economy and dynamic ICT sector. Offering competitive salaries, the sector’s consistent growth is complemented by a leading start-up ecosystem. In 2021, ICT salaries increased by seven percent to 1,854 euros. Despite a modest overall workforce share, Croatia has seen steady expansion in ICT employment. The country’s commitment to digital transformation is evident in initiatives like the Strategy for Digital Croatia 2030. With a stable political and economic environment, Croatia is an ideal location for nearshore software development, combining skilled talent, cost-effectiveness, and a strategic European position.

Azerbaijan

Azerbaijan is emerging as a key player in the nearshore IT services landscape, with a stable and growing ICT sector marked by significant employment and innovative digital initiatives. The sector, which employed 62,400 people in 2021, is bolstered by Azerbaijan’s commitment to digitalization reforms and strategic projects like the Digital Silk Way, enhancing its digital ecosystem. The government’s digitalization efforts, including the Digital Trade Hub and Industry 4.0 center, position Azerbaijan as a key digital hub.

Poland

The Central and Eastern European (CEE) IT sector is rapidly developing today. In 2021, the Global Outsourcing 100 included more than a dozen companies in their list, with the main office in the CEE region with IBA Group, Solberg, Sigma Software, and others among them. According to The IT Landscape: The Future of IT in Emerging Europe report, the CEE IT sector is estimated to have 2 million people employed in 2020, and the number is growing by 3% each year. Meanwhile, the region’s most prominent IT talent pool is in Poland. It reached over 400,000 software developers in 2019.