The aim of the article is to study the trends and features of structural transformations of the IT market of Ukraine over the past decade. Taking into account the consideration that there is still no single statistical base and system of indicators that would fully reflect the state of functioning of the IT market in Ukraine, as is revealed by the analyses of many information sources, the main structural transformations of the IT market of Ukraine as of 2013, 2018 and 2023 were analyzed and researched. As result of the carried out study, it is found out what structural changes took place during these periods in the IT labor market, in the market of IT products, in the economics of the IT business in general, etc. This made it possible to better assess the potential of the national IT market, identify potential threats to its development, competitive environment, and form a systematic view of the state and prospects for the development of the IT sector of the national economy, also to outline the key trends that will determine the development of the IT market in the near future. The factors of national and global scale, under the influence of which the IT market of Ukraine will be formed and function in the future, have been identified. In particular, it is the continuation of hostilities on the territory of Ukraine; irregularity of the process of reservation of critical employees of the IT industry and sending them on business trips abroad; lack of free money in the economy; global recession due to the energy crisis; companies’ attraction to optimize costs for the development along with further development of artificial intelligence. It is found that in 2023, for the first time in a decade, there is a downward trend in the volume of the IT market. This is testified by the departure of IT specialists abroad, a drop in the export of IT services, significant layoffs of IT specialists by companies, a long-term delay in the revision of salaries, a freeze in the increase in the level of compensation and bonus payments, a change in the situation in the talent market not in favor of Ukrainian IT specialists, etc. Prospects for further research in this direction are the substantiation of making appropriate managerial decisions to curb the decline of the IT market and the introduction of additional tools to stimulate its development in the dynamic economic conditions that have developed both within the country and around the world.