COMPARATIVE ANALYSIS OF THE COMPETITIVENESS OF UKRAINE'S ICT SECTOR: AN INTERNATIONAL PERSPECTIVE

Abstract

The purpose of the paper is to examine the international competitiveness of Ukraine's ICT sector through a comparative analysis with 30 countries, identify its strengths and weaknesses, and provide actionable insights for policymakers, industry stakeholders and investors to improve Ukraine's position in the global ICT market. Methodology. The research employs the composite index methodology to assess the international competitiveness of Ukraine's information and communication technology (ICT) sector. The original ITSIC comprises 35 indicators; however, this has been expanded to 58 in order to provide a comprehensive view of the competitive advantages and position of the ICT sector in the global ICT market. Results. The article presents the findings of a comparative study of the ICT sector of Ukraine with global and regional leaders in the global ICT market. In order to identify the factors influencing the formation of competitive advantages, the following groups of factors were taken into account: the state of ICT infrastructure, the availability of qualified and competent IT professionals, the state and favourability of the political and business environment, the innovative potential of the ICT sector and its involvement in international trade and cooperation. The calculations have yielded the ratings for each group of indicators and the composite index as a whole, which identify the leaders in both global and regional dimensions. Specific consideration is given to the positioning of Ukraine's ICT sector within the context of the surveyed countries, with a focus on the identification of its competitive advantages and disadvantages within the global ICT market. Consequently, it has been determined that the international competitiveness of the domestic ICT sector between 2018 and 2022 was most significantly influenced by the extent of its involvement in international trade and collaboration, the availability and proficiency of the talent pool, and the quality of the ICT infrastructure. In conclusion, this study has identified the factors and trends that have the potential to impede Ukraine's ascension as a global leader in the ICT sector. Practical implications. The findings of the study may prove beneficial to a number of parties, including public authorities, ICT companies, investors and venture capitalists, educational and research institutions, international organisations and development agencies, IT entrepreneurs and the general public. The value and originality of the study can be found in its comprehensive, data-driven, and context-specific analysis, which provides actionable insights and strategic recommendations to enhance the international competitiveness of Ukraine's ICT sector.