Dissecting Serbia: Why the nation’s IT and Outsourcing is so important, and so good
“At Digital Knights we evaluate countless software development companies and tech teams across Europe. Something about Serbia keeps sticking out.”
Highly qualified experts and long-term cooperations with Western and Arabic companies have made the information technology industry one of the most important drivers of the Serbian economy today. Already, leading digital companies have either established development centers in Serbia or have outsourced services to local firms. Those of us at Digital Knights are no strangers to highly talented teams and individuals from Serbia, but several less obvious factors help the nation stand out as a whole in the IT world.
In 2017, The Serbian Information and Communication Technologies (ICT) sector exported 750 million EUR, ranking the country as one of the 50 biggest software exporters globally. With a year-to-year growth rate eclipsing 25%, ICT is among the fastest growing sectors in the country and since Serbia is not a member of the EU, most home-grown talent stays in place. On top of this, Serbian people are exceptional when it comes to English language proficiency, ranking third worldwide (behind the Philippines and Norway) and have been in the Top 5 globally for more than five years.
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