Received 20.07.2024, Revised 05.09.2024, Accepted 10.10.2024
The modern digital technology market is transforming under the influence of external externalities and internal dynamics of its development. The purpose of the article was to substantiate scientific and practical recommendations on the peculiarities of Ukraine’s integration into the global digital technology market and to develop proposals for intensifying these processes. The study used logical, retrospective analysis, the dialectical method, synthesis, classification, grouping and generalisation of data, tabular and graphical methods, the method of scientific abstraction and explication, quantitative and qualitative comparison. The article examined the theoretical foundations of the global digital technology market, namely, the theoretical aspects of the modern service market and its structural elements, methodological approaches to the integration of countries into the global digital technology market. Based on an assessment of the research of leading scholars, it was formed the structure of the modern digital technology market, the structural elements of which are software and hardware, network technologies and telecommunications, Internet services, IT education and training, media and entertainment, social networks and communications, e-commerce, security information technologies, IT consulting and services. Was identified the rapid dynamics of the global IT services market, in particular, in 2016 its volume was USD 0.87 trillion, and in 2024 it will reach USD 1.36 trillion, which is 1.56 times more. Was assessed the role of Ukraine in the global digital technology market, analysed the trends and structure of the global market development, and studied the level of development of the Ukrainian digital technology market in the context of globalisation. It is determined that the growth rate of the IT services market in 2016-2021 was quite significant and increased from USD 306.4 million in 2016 to USD 477 million in 2021. The article described the institutional support for the development of the Ukrainian digital technology market in modern conditions and identified the priority areas for Ukraine’s integration into the global digital technology market. The practical significance of the study is to identify trends, structure and dynamics of the modern digital technology market in Ukraine and the world, and to focus on developing a system of measures to promote the development of the information and communication technology market
informatisation; innovations; global market of information and telecommunication technologies; telecommunications and Internet services; software; global digital competitiveness
[1] Acosta-Prado, J.C., & Tafur-Mendoza, A.A. (2024). Examining the mediating role of dynamic capabilities in the relationship between information and communication technologies and sustainable performance. VINE Journal of Information and Knowledge Management Systems, 54(3), 561-577. doi: 10.1108/VJIKMS-10-2021-0257.
[2] Albinowski, M., & Lewandowski. P. (2024). The impact of ICT and robots on labour market outcomes of demographic groups in Europe. Labour Economics, 87, article number 102481. doi: 10.1016/j.labeco.2023.102481.
[3] Baula, O.V., & Lіutak, O.M. (2022). Digital transformation of the financial sector of the world economy: Trends and risks. The Actual Problems of Regional Economy Development, 1(18), 111-122. doi: 10.15330/apred.1.18.111-122.
[4] Behera, B., Haldar, A., & Sethi, N. (2024). Investigating the direct and indirect effects of information and communication technology on economic growth in the emerging economies: Role of financial development, foreign direct investment, innovation, and institutional quality. Information Technology for Development, 30(1), 33-56. doi: 10.1080/02681102.2023.2233463.
[5] Camngca, V.P., Amoah, C., & Ayesu-Koranteng, E. (2024). Underutilisation of information communication and technology in the public sector construction project’s implementation, Journal of Facilities Management, 22(1), 1-20. doi: 10.1108/JFM-10-2021-0128.
[6] Dzhusov, O.A., & Apalkov, S.S. (2017). Digital economy: Structural shifts in the international capital market. International Relations. Series “Economic Sciences”, 9, 13-21.
[7] Economist Intelligence Unit. (2024). Retrieved from https://www.eiu.com/n/.
[8] Global mobile trends 2023. (2024). GSMA Intelligence. Retrieved from https://data.gsmaintelligence.com/research/research/research-2023/global-mobile-trends-2023.
[9] Haustova, V.Ye., Reshetnyak, O.I., Khaustov, M.M., & Zinchenko, V.A. (2022). Analyzing the ICT-sphere Development in Ukraine according to international indices and rankings. BusinessInform, 5, 40-56. doi: 10.32983/2222-4459-2022-5-40-56.
[10] Hrinko, A.P., Hrinko, P.L., Ushakova, N.G., Androsova, T.V., Kulinich, O.A., & Pominova, I.I. (2022). Methodology of business management in conditions of digitalisation. Kharkiv: Monograph.
[11] IMD Global Competitiveness Ranking 2020. (2021). IMD World Competitiveness Center. Retrieved from https://digitalswitzerland.com/wp-content/uploads/2020/10/digital_2020.pdf.
[12] International Telecommunication Union. (2024). Retrieved from https://www.itu.int/en/Pages/default.aspx.
[13] Internet speed rating 2021: Ukraine improved the results by 15 positions. (2021). Internet Svoboda. Retrieved from https://netfreedom.org.ua/article/rejting-shvidkosti-internetu-2021-ukrayina-polipshila-rezultati-na-15-pozicij.
[14] Key findings of the Global Digital 2023 report. (2023). LinkedIn. Retrieved from https://www.linkedin.com/pulse/%D0%B3%D0%BE%D0%BB%D0%BE%D0%B2%D0%BD%D1%96-%D0%B2%D0%B8%D1%81%D0%BD%D0%BE%D0%B2%D0%BA%D0%B8-%D0%B7%D0%B2%D1%96%D1%82%D1%83-global-digital-2023-75min-club/.
[15] Kireev, D.B. (2019). The development of the digital economy as an element of the social development strategy in Ukraine. Scientific Notes of Taurida Vernadsky National University of Ukraine. Series: Public Administration, 30(1), 38-44.
[16] Law, R., Lei, S.S.I., Zhang, K., & Lau, A. (2024). Bridging the theory-practice gap: A critical reflection on information and communication technology research. International Journal of Contemporary Hospitality Management, 36(6), 1980-1990. doi: 10.1108/IJCHM-02-2023-0131.
[17] Lunova, T.S. (2022). Assessment of the competitiveness of the national economy of Ukraine: A rating approach. Economic Space, 181, 38-42. doi: 10.32782/2224-6282/181-6.
[18] Lіutak, O.M., Baula, O.V., & Shulyak, A.P. (2020). The influence of global world market transformations information and communication technologies for international competitiveness. Actual Problems of Economics, 9, 86-95. doi: 10.32752/1993-6788-2019-1-231-86-95.
[19] Makarchuk, I., & Fedulova, I. (2023). IT-sphere in the structure of Ukraine's economy. Commodity and Markets, 2, 30-44. doi: 10.31617/2.2023(46)03.
[20] Melnyk, M.I. (2018). Institutional maintenance of ІТ-sector development in Ukraine: Major problems and priority directions of improvement. Regional Economy, 1, 102-110.
[21] Outsourcing Journal. (2024). Retrieved from https://outsourcing-journal.org/?cookie-state-change=1729239802153.
[22] Overview of the digital transformation of Ukraine’s economy in wartime conditions (October, 2022). (2022). Retrieved from https://niss.gov.ua/news/komentari-ekspertiv/ohlyad-tsyfrovoyi-transformatsiyi-ekonomiky-ukrayiny-v-umovakh-viyny.
[23] Panasyuk, V.M. (2020). Informatization and digitalization: Development trends and directions in Ukraine. Business and Intellectual Capital, 21(1), 160-165. doi: 10.32782/2415-8801/2020-1.29.
[24] Pankratova, O.M. (2021). Increasing the role of competitiveness of the national economy as a factor of economic growth in the conditions of globalization. Market Infrastructure, 52, 37-41. doi: 10.32843/infrastruct52-6.
[25] Poberezhets, O.V., & Makarevych, A.V. (2017). Ensuring the competitiveness of the national economy of Ukraine in the conditions of globalisation. Efektyvna Ekonomika, 6.
[26] Rodrigues, D., Sousa, B., Gomes, S., Oliveira, J., & Lopes, E. (2023). Exploring consumer behavior and brand management in the automotive sector: Insights from a digital and territorial perspective. Administrative Sciences, 13(2), article number 36. doi: 10.3390/admsci13020036.
[27] Rojko A. (2017). Industry 4.0 concept: Background and overview. International Journal of Interactive Mobile Technologies, 11(5), 77-90. doi: 10.3991/ijim.v11i5.7072.
[28] Sardak, S.E., & Stavytska, A.V. (2015). Study of the structure and development trends of the world market of information technologies. Technology Audit and Production Reserves, 4(5), 96-100. doi: 10.15587/2312-8372.2015.47353.
[29] Speedtest Global Index. (2024). Retrieved from https://www.speedtest.net/global-index#mobile.
[30] State Statistics Service of Ukraine. (2021). Retrieved from https://www.ukrstat.gov.ua/.
[31] Statista. (2024a). Retrieved from https://www.statista.com/outlook/tmo/it-services/ukraine#revenue.
[32] Statista. (2024b). Information technology (IT) spending worldwide from 2012 to 2024, by segment (in billion U.S. dollars). Retrieved from https://www.statista.com/statistics/268938/global-it-spending-by-segment/.
[33] Stavytska, A.V. (2017). Evaluation of countries positioning in the world information technology market: Statistical measures of index analysis. Scientific Bulletin of the Uzhhorod National University. Series “International Economic Relations and World Economy”, 12, 126-130.
[34] Tay, S.I., Lee, T.C., Hamid, N.A.A., & Ahmad, A.N.A. (2018). An overview of Industry 4.0: Definition, components, and government initiatives. Journal of Advanced Research in Dynamical and Control Systems, 10(14), 1379-1387.
[35] Tech at the edge: Trends reshaping the future of IT and business. (2022). McKinsey Digital. Retrieved from https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/tech-at-the-edge-trends-reshaping-the-future-of-it-and-business.
[36] The World Bank. (2024). Retrieved from https://www.worldbank.org/uk/country/ukraine.
[37] World Economic Forum. (2022). Retrieved from https://www.weforum.org/.