“The impact on software development supply chains will be felt, but its magnitude is hard to predict,” the researchers wrote.
Russia and Ukraine are home to a significant share of the global software developer workforce, which is mostly unavailable to global tech clients due to the war.
At the start of the war, Verdict reported how the global tech industry quickly snapped into action to keep their Ukraine-based workforce safe in the face of the Russian onslaught.
That being said, despite Russia and Ukraine are regionally significant technology, media and telecom markets, GlobalData predicts that technology vendors will not feel a major impact to their top line revenues.
“Demand globally is higher than supply, and shipments for Russia or Ukraine will be easily rerouted elsewhere,” the researchers wrote.
GlobalData is the parent company of Verdict and its sister publications.