Why Software & Web development in Moldova is something to be considered by large enterprises and SME’s?
Located in Eastern Europe between Ukraine and Romania, Moldova became an attractive destination for businesses to do software & web development or other high-end IT operations.
Moldovan IT companies create software solutions for businesses throughout the world and this speaks about the country’s strengths and skills of IT professionals.
- Skilled & Qualified Professionals
The country has strong technical and educational traditions and a solid IT sector that provides invaluable experience to ambitious graduates. Only the 580 resident IT companies of Moldova IT Park export more than 80% of their products and services to the world's most developed markets.
According to the IDC CEMA Research, there are approximately 22,000 IT specialists and over 80% are technical specialists, including software engineers, analysts, developers, and project managers.
IDC's examination of available skills suggests that Moldova is particularly well-positioned for high-value activities, such as analysis, UX/UI design, software development, enterprise applications, data visualization & processing tools, industry or niche-targeted mobile applications or solutions, testing, and also activities like web development and basic coding. It is to be mentioned that in 2018 the market for IT services reached 154,4 million dollars and by 2024 IT is to increase to 262,26 million dollars, according to the study “Moldovan it Players Mayor for worldwide presence”.
- Software development quality and competitive prices
According to research conducted by GoalEurope, showcased that software development and IT outsourcing in Moldova is an attractive destination especially for companies that are located in geographies with high operational & payroll costs. Even compared to Ukraine or Belarus also highly demanding outsourcing destinations Moldova still has a better position if talking from a cost-benefit standpoint which shows the country’s emerging strength as an IT nearshoring and offshoring destination.
Outsourcing your software or web development projects to Moldova creates valuable opportunities for collaboration by giving access to cutting-edge technologies, a highly qualified workforce at reasonable and competitive prices that will help you better manage the costs, optimize your business strategy and adopt innovation which will take you ahead of the market.
- Cultural Affinity, Linguistic proficiency, and Accessible destination
Moldova is known for the technical competence of its workforce. It can provide a European mindset and cultural affinity, legislation that is EU-compliant, and a strong linguistic proficiency. It is common here for Moldovan professionals to speak at least 3 languages with English, German, Russian, also French, Italian, and Spanish is commonly spoken. The country is also geographically well-positioned situated within 3 hours distance from all main European hubs with direct flights to and from Vienna, Munich, Frankfurt, Rome, Milano, Paris, London, Moscow and other destinations which makes traveling cheap and accessible. Moldova is also an attractive destination for outsourcing because of the professional and ethical culture that is compatible with both Europe to the west and the Commonwealth of Independent States to the north and east.
There is a strong focus on education across the IT industry, which is reflected in company-sponsored online education platforms and strong traineeship programs to align students' skills with market realities.
Source of the study: https://mei.gov.md/sites/default/files/idc_-_moldova_it_players_priming_for_worldwide_presence.pdf.