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ICT 

ICT sector in Lithuania
Lithuania has the largest ICT industry in the Baltic States with an outstanding potential both for local as well as foreign expanding businesses. IT services has been among the fastest growing industries in Lithuania during the past few years. While the number of persons employed in IT services was 12,000 in 2012, it has doubled to 24,500 in 2014. Such substantial increase was mainly the result of growing foreign investments in Lithuanian IT sector. 
 

Right caliber talent pool

Embedded across the entire country, Lithuania’s advanced information and communications network is super-fast and ultra-reliable. What's more, Lithuanians are among the most ICT-proficient nations in European Union – Lithuania tops the rankings with 96,7% of individuals aged 16-24 obtaining ICT skills through formal education institutions1

Lithuania has got plenty to offer in terms of availability of IT professionals in particular. Currently, more than 22,000 IT professionals employed on the market with and addition of 7,100, who are studying IT curriculums in 21 higher education institution across the country. Topping Estonia and Latvia, this provides an addition of around 1,700 IT professionals yearly.

World-class ICT infrastructure

Lithuania is among the leading countries in information and communication technologies in Europe and the world:

  • 1st for internet upload and 3rd for download speed in the EU2
  • 4th in the World competitiveness yearbook rankings for communications technology3
  • 3rd in the EU for the share of fixed broadband lines equal to or above 30Mbps4
  • Among Top 10 countries in the world for cloud readiness5

Additionally, Lithuania is 1st in Europe for density of network of public internet access points. Consequently, 93% of all financial operations are performed via e-banking in Lithuania. The most up-to-date ICT technologies (LTE technology, 3G mobile communications infrastructure, mobile WiMAX 4G Internet etc.) are fully implemented and functioning in the entire country. 

Home to World leaders in IT

With strong entrepreneurial spirit, Lithuania has rapidly become a leader for technological start-ups. Large number of which attracted a lot of attention from investment funds in Western Europe and the United States.

Etronika logo

Etronika
1st commercial mobile digital signature pilot in the world.
 

GetJar logo

GetJar
2nd biggest App store globally.
 

Pixelmator logo

Pixelmator
3rd best-selling mobile application on the Mac App Store. Apple Design Award 2011.
 

MagicDraw UML logo

MagicDraw UML
1st Java based UML tool trusted by multinational businesses and NASA; distributed in more than 70 countries.
 

Eskimi logo

ESKIMI
No. 1 social network in Nigeria with 2.2m+ registered users and with 5m+ registered users across the world, focusing on the mobile customers in emerging markets.
 

Yplan
World’s first mobile only event booking app, has recently raised a $12 million for expansion in the US.

 

Vinted
Leading European Online marketplace for second-hand clothing with 3 million active users and 17 million listings. Vinted.com recently raised $ 27 million for expansion in the US.

 
Sources:
1: European Commission, 2014
2: Ookla Net Index; June 2014
3: The Word competitiveness yearbook 2014; 
4: European Commission, Digital Agenda for Europe, 2013
5: Cisco Global Cloud Index, 2013. The Index evaluates Consumer and Business 
Fixed Network performance and Consumer and Business Mobile Network performance

 

Success stories: Barclays, CSC, Wix, Microsoft, GetJar etc. More success stories