Anastasiia Hovorun

Information technology is characterized by an increasing pace of development, a high level of innovation and an increasing share in the GDP of most countries. Similar tendencies are inherent in Ukraine. But it should be noted that the economic crisis in the country began in 2014 and the historical conditions of development cause a number of problems that slow down development and create barriers for the integration of the Ukrainian IT market with the world market. The article analyzes the current situation of information technology in Ukraine as the leading innovative industry and identifies the main system problems, as well as industry trends, and suggests solutions to enhance the international competitiveness of the country. Forecasts were created using extrapolation polynomial trendline construction models and by the construction of an artificial neural network. Based on actual and predicted values of the IT market volumes, the authors estimated the level of its future development using taxonomic analysis. The results enable interested parties to determine the risks and increase the effectiveness of management decisions in IT field.