There are 3 Companies in Lithuania
that provide Oracle Consultancy Services!

In the past 10 years, Lithuania developed its IT industry and infrastructure. Projects like e-Lithuania, e-residency, and VR Lithuania among others, transformed the country into a fully digitalized hub in the Baltic region. 

The IT sector itself plays an important role in the Lithuanian economy, registering a 739 millions Euros turnover in 2020. Also, ~4.0% of the entire Lithuanian workforce is enrolled in the IT industry, for those 4200+ digital companies that export their services in 130 countries. 

Why working with Lithuanian IT companies

Essential e-solutions in Lithuania that enable the digital society to function smoothly were all built by local Lithuanian companies. This enhances the reliability of Lithuanian IT companies not only locally but also worldwide - about this we will relate a bit later. 

The already built digital system in Lithuania, already tells a lot about Lithuanian IT companies that perform excellently, and are becoming more and more attractive not only for companies but also for skilled professionals that are enjoying preferential conditions. 

So, after all, why you should work with Lithuanian IT companies?! 

• Skilled workers - that provide high-level digital services

• Open market - that facilitate and ease the access to IT resources and companies services

• Low taxes - compared with other European countries, Lithuania helps local IT and tech companies generate sales, by cutting taxes - which can reflect a lower price/project for the end customer

• Healthy business environment  - a well-established communication between businesses is assured 

What you should pay attention to when working with Lithuanian IT companies

However, working with Lithuanian IT companies can be also tricky. Even though the post soviet reminiscences are not visible, you still can hit Russian Lithuanians that are providing the same IT services, but on a relatively lower quality, and in a very specific manner. Roughly, some of the companies are only benefiting from the developed IT environment in Lithuania, but don’t follow the same guidelines as the wide majority of companies do. 

Another challenge is the limited human resources that Lithuanian companies can have. The country’s population is just above 3 million people and 6% of it is simply not enough to cover all market demands, so possibly it would be difficult to find an available IT company based in Lithuania to take a big project or so. 

How developed is Lithuanian IT Infrastructure

Lithuania ranks among the top European countries with the highest IT infrastructure. As mentioned previously, its digital transformation made the country one of the regional leaders in innovation. But even so, the country is still not done yet with developing its IT capabilities. 

How does the Lithuanian IT industry perform compared to the neighboring countries?

In the Baltics, Lithuania is a detached leader in IT. Latvia and Estonia are behind simply because they focused on developing other sectors. But the Lithuanian performance is also motivated by people’s attachment to digital technologies.  The continuously growing number of digital agencies confirms once again that Lithuania ranks better than neighboring countries. 

But speaking about Lithuania as an extension to Europe’s northern region, the country is in tight competition with Latvia and Estonia, which also find themselves somewhere in the first half of the European IT community. 

Compared with those two countries, Lithuanian companies will rather provide lower prices for their IT and digital services and products, but at the same time, Lithuania has way more limited resources than Estonia or Finland. 

All in all, Lithuania is a great country to consider for digital projects, and local companies' rich experience with digital transformation can make a difference in their projects. 

Lithuania's Tech in 2022 - Update

Considering the progress Lithuania made throughout the last 3 years, is no wonder that 2022 will be another good period for the ICT and especially local IT companies. Lithuania is abundant with news and tech-related events meant to  encourage startups and entrepreneurship. As a direct result of continuous efforts invested in ICT, Lithuania got the #10 global position in FinTech and has over 42K ICT specialists employed in the tech sector as of December 2021. With this speed, Lithuania is estimated to become more than just a competitive country in the region. 

Oracle is a company focusing on cloud technology. It offers computing networks and software to organizations worldwide to help them innovate and optimize their efficiency.  It was founded in 1977 and has approximately 159.000 employees. The first and only autonomous database to ease the organization and safety of customers’ data is made by them. Oracle also has the broadest suite of AI-driven cloud applications. More than 9.5 million donees have been helped across the United States, Europe, and the Asia Pacific Region, making it the world’s largest EHR implementation.

It provides a wide range of software solutions, mainly database software, enterprise software, and cloud-based services.

According to Forbes, Oracle has profits equal to approximately $10.6 billion and revenue worth $52.5 billion. It is ranked #16 among the world’s most valuable tech brands and #77 in the Global 2000 list.

Oracle Cloud Infrastructure offers increased performance, security, and is budget-friendly. With its help, businesses can move workloads from on-premises systems to the cloud. Oracle Cloud applications offer business leaders apps that help them upgrade, and get sustainable growth. Besides changing the world of business, Oracle is helping defend governments, boost scientific, and medical research. 

Your project can leverage the choice of a company that specializes in Oracle Consultancy. It can help close the gaps in the cloud using skilled resources, automated tools to address these challenges. Other perks from Oracle Consultancy are the following:

• Cost-effective
• Partnership possibilities
• Backup and Recovery
• Automatic software updates
• Choose the right cloud solution
• Safely transform your existing environment 

If you want to choose Oracle Consultancy for your project, you need to choose the one that relates to your goal. It should align with your business objectives and long-term goals. It can become a difficult job to do. So, when considering an Oracle Consultancy company, find out if it relates to the following criteria:

1. The right cloud strategy
2. Assessment of business and technology readiness
3. Gap analysis
4. Roadmap development
5. Configuration of cloud infrastructure
6. Rapid implementation
7. Prioritize data migration and integration

TechBehemoths is a reliable tech platform that has more than 1000 companies providing Oracle Consultancy in 105 countries across the world. Detailed company profiles and filter options permit you to choose the right firm providing the required services for your project. Location, Team size, and hourly rate are filters that will save your time and energy in the process of selection.