LVIV, Oct 1 – GlobalLogic IT company, the largest software designer in Ukraine, expects that the Ukrainian IT market would grow by 20% in 2018, to over $4 billion, Head of the company's office in Lviv and Vice-President for Engineering at GlobalLogic Denys Balatsko has told Interfax-Ukraine on the sidelines of Lviv IT Arena 2018.

"Assessing the IT market in Ukraine is quite difficult, since most of the companies on it are not public and do not make their financial statements public. We know the number of people working in this industry - according to recent data there are about 20,000. According to statistics released by the state, the amount of funding coming to Ukraine from the sale of IT services abroad is about $3.5 billion, but there is still an internal market, so I think that the figure of $3.5 billion is rather understated," he said.