Research And Markets Research And Markets

IT Outsourcing Market in Belarus 2014-2018

  • ID: 2880840
  • June 2014
  • Region: Belarus
  • 75 pages
  • TechNavio
1 of 5


  • EPAM Systems
  • Gersis Software LLC
  • IBA Group
  • Intetics Co.
  • Itransition
  • MORE

About IT Outsourcing Market in Belarus

Belarus is often considered as the final frontier of Europe. The privatization that has taken place in the country in recent times has led to a wave of investment. The Belarusian government has implemented initiatives and enhanced the country’s investment competitiveness and taxation conditions. The government has introduced a number of measures such as tax and custom benefits in tech parks, which offer good investment opportunities for foreign investors. In addition, efforts regarding simplifying regulations and reduction in administrative barriers attract increasing number of foreign companies. The country is strategically located in Europe and its advantageous economic and geographical location, developed transportation, logistics, and manufacturing base makes it a favorable location for IT outsourcing.

The analysts forecast the IT Outsourcing market in Belarus will grow at a CAGR of 17.78 percent over the period 2013-2018.

Covered in this Report
The IT Outsourcing market in Belarus discusses the attractiveness of the market in the country. The report contains of all the important information regarding the economic system and the aspects related to doing business in the country. It includes the various economic forces that affect the IT Outsourcing industry such as currency and tax laws. The report also compares Belarus with other popular IT outsourcing destinations.

The report, the IT Outsourcing Market READ MORE >

Note: Product cover images may vary from those shown
2 of 5


  • EPAM Systems
  • Gersis Software LLC
  • IBA Group
  • Intetics Co.
  • Itransition
  • MORE

01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Country Profile - Belarus
06.1 Geography
06.2 People and Language
06.3 Economic Indicators
06.4 Communication Facilities in Belarus
07. Doing Business in Belarus
07.1 Key Indicators
07.2 Tax and Custom Benefits
08. Market Landscape
08.1 Market Overview
08.1.1 Infrastructure outsourcing: Application Outsourcing:
08.2 State of IT Market in Belarus
08.2.1 Technology Parks
08.3 Market Size and Forecast
09. Exchange Rates Impact on IT Outsourcing in Belarus
10. Pros and Cons of Belarus Outsourcing Industry
11. Comparative Study of Popular Outsourcing Destinations
12. PEST Analysis
12.1 Five Forces Analysis
13. Pillars of IT Outsourcing Industry in Belarus
13.1 Education System of Belarus
13.2 Talent Pool of the Country
13.3 Government Initiatives taken by the Belarus Government
13.3.1 IT country Project
13.4 Low Cost of Services
14. Buying Criteria
15. Market Growth Drivers
16. Drivers and their Impact
17. Market Challenges
18. Impact of Drivers and Challenges
19. Market Trends
20. Trends and their Impact
21. Vendor Landscape
21.1 Market Share Analysis 2013
21.2 Other Prominent Vendors
22. Key Vendor Analysis
22.1 EPAM Systems
22.1.1 Business Overview
22.1.2 Business Solutions
22.1.3 Key Information
22.1.4 SWOT Analysis
22.2 IBA Group
22.2.1 Business Overview
22.2.2 Business Solutions
22.2.3 Key Information
22.2.4 SWOT Analysis
22.3 Itransition
22.3.1 Business Overview
22.3.2 Business Solutions
22.3.3 Key Information
22.3.4 SWOT Analysis
22.4 Intetics Co.
22.4.1 Business Overview
22.4.2 Business Solutions
22.4.3 Key Information
22.4.4 SWOT Analysis
23. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Workforce Distribution by Key Industry Segments 2013
Exhibit 3: Key Economic Indicators
Exhibit 4: GDP of Belarus at Current Prices in US$ billion
Exhibit 5: Key Communication Indicators of Belarus
Exhibit 6: Doing Business Indicators
Exhibit 7: Doing Business Ranking Indicators
Exhibit 8: Doing Business DTF Indicators
Exhibit 9: Time and Cost Associated for Starting a Business in Belarus
Exhibit 10: Outsourcing Industry Overview
Exhibit 11: Outsourcing Industry: Belarus
Exhibit 12: Technology Parks in Belarus
Exhibit 13: IT Outsourcing market in Belarus 2013-2018 (US$ million)
Exhibit 14: Exchange Rate Comparison of Different Countries with respect to US$
Exhibit 15: Comparative Study of Top 5 Outsourcing Destinations
Exhibit 16: Belarus: Number of Students per 10,000 People
Exhibit 17: Number of Students per 10,000 People of Different Countries in 2013
Exhibit 18: Number of IT Professionals in Different Countries, 2013
Exhibit 19: Government Initiatives
Exhibit 20: Hourly rate of IT Professionals in Different Countries (US$), 2013
Exhibit 21: Strategic Business Location of Belarus
Exhibit 22: Business Solutions: EPAM Systems Inc.
Exhibit 23: Business Solutions: IBA Group
Exhibit 24: Itansition - Segmentation by Domains
Exhibit 25: Itansition - Segmentation by Services
Exhibit 26: Business Solutions: Intetics Co.

Note: Product cover images may vary from those shown
3 of 5


  • EPAM Systems
  • Gersis Software LLC
  • IBA Group
  • Intetics Co.
  • Itransition
  • MORE

Commenting on the report, an analyst from the team said: “Cloud computing allows end-users to store their data in a vendor's data center. Cloud resources are not only shared by multiple users, but are also dynamically reallocated to meet demand. Users of cloud computing resources do not have to invest in infrastructure and other resources; they only have to pay for the services that they use, based on pay-per-use subscription model, which helps them save cost and time and to focus on their core competencies. Cloud computing can be divided into IaaS, SaaS, and PaaS. Belarus companies have strong expertise in providing cloud computing via SaaS.”
According to the report, the growth of the IT Outsourcing market in Belarus is driven by several factors. For instance, Belarus lies in close proximity to Western Europe and hence shares similar business principles. Moreover, the transportation costs associated with outsourcing can be reduced because of easy accessibility to Europe and other countries.

Further, the report states that one of the challenges hindering growth is that foreign investors are reluctant to invest in the market because of the political unrest in the country and nearby.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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- EPAM Systems
- IBA Group
- Intetics Co.
- Itransition
- Byelex Multimedia Products BV
- Compit Developer Systems Ltd.
- Gersis Software LLC
- Research and Production LLC
- Marco LLC
- Navagate Inc.
- Profiserv Ltd.
- SoftClub Ltd.

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Note: Product cover images may vary from those shown