EUROPEAN BUSINESS SERVICES ASSOCIATION
  • Home
  • News
  • Events
    • 2023
      • CEE Business Services Summit & Awards 2023
      • BSC Directors VIP WineTastings 2023
      • BSC Charity Beach Volleyball Tournaments - June and August 2023
      • Build it or Buy It?: Outsourcing in CEE and Poland
  • CEE BSC Summit & Awards
    • 2023
      • Winners & Shortlist 2023
      • CEE Business Services Summit & Awards 2023
      • Photos: Awards Gala
      • Photos: Summit Days
      • 8 March: Showcase
      • 9 March: Agenda
      • Attendance
      • The Jury 2023
      • Sponsorship & Branding
      • Venue & FAQs
    • 2022
      • Winners & Shortlist 2022
      • Events Gallery
    • Events Videos
  • Directory
    • Buy Directory (PDF)
    • Update Directory Listing (2023)
  • Solutions
    • Submit News about your BSC
    • Meet the Directors-Videos
    • Cee BSC Tickets
  • SSC Volleyball
    • 2023
      • BSC Charity Beach Volleyball Tournaments - June - August 2023
      • Registration Details
      • Register Your Team
      • Credit Card Payment
      • Register For After-Party
      • Questions & Answers
      • Venues
      • Logistics for Players
      • Charities
    • 2022
      • Photos 2022
  • About
    • Who We Are
    • Pre-Decision Advisory
    • Contacts

NEWS


Romania’s IT market volume exceeds EUR 9 bln and will further increase, study shows

28/11/2022
 
According to a recent study by ANIS, the Employers' Association of the Software and Services Industry, the Romanian IT market is dynamic and constantly growing. It reached a volume of EUR 9 billion from EUR 4.6 billion in 2015 and could exceed EUR 12 billion in the next two years.
The local IT market kept developing even in the pandemic year of 2020 when it registered an increase in volume by EUR 1.1 billion.
Compared to the general trend of economic growth in Romania, the IT segment's annual growth rate is three times higher, at 15-17% per year.

"We see a continuous growth of the software and services market in Romania, the impact of the IT sector in the national gross domestic product reaching 7%. There are very high hopes for the further development of this segment, through the large digitization projects to be implemented at the level of the local economy. Thus, in the next two years, the value of the IT market in Romania would exceed EUR 12 billion," said Gabriela Mechea, Executive Director of ANIS.

The value of IT & services exports has also grown considerably - 2.5 times in the last 5 years. Thus, from EUR 2.5 billion in 2015, exports reached a volume of EUR 6 billion. In addition, the volume of exports of R&D (research and development) services tripled in the same time frame, from EUR 200 million to EUR 600 million.
The same source said that nearly half of the software and services market belongs to large companies. Thus, the companies with more than 250 employees represent 47% of the total volume of business generated by the industry (EUR 4 billion), followed by small companies (2-49 employees) - 27% of the total market volume, or EUR 2.5 billion, and medium-sized companies (50-250 employees) - EUR 1.8 billion.
Micro enterprises (0-1 employees) currently represent 8% of the market volume (EUR 0.7 billion), registering a stable growth of approximately EUR 100 million annually.
In terms of regions, Bucharest brings in almost two-thirds of the total market volume (60%, down from 64% in 2015), followed by the North-West region, especially the area of Cluj county (18%). The West (7%), North-East (6%), Center (5%) and South (4%) regions follow.
The capital structure remained stable at the national level. Thus, 64% of IT companies have foreign capital, and 36% have Romanian capital.
Currently, the IT market counts no less than 21,847 companies, representing an increase of 60%. Micro-enterprises saw the biggest rate of development, registering a 78% increase in the number of companies in the last 5 years.
The IT and services sector has 147,000 employees, and large companies employ the majority (47%), ANIS also said. Medium-sized companies employ 27% of workers, while another 21% work in small-sized companies. Overall, the sector has been reporting a constant increase in the number of employees, of approximately 8-9,000 per year.
Most IT specialists in Romania (76%) have university degrees, according to the same study. Meanwhile, the gender gap remains significant in the Romanian IT&C market, with only 26% of all employees in this industry being women (53,000).

Comments are closed.

    NEWS HEADLINES


    WATCH VIDEOS

    Picture

      Sign-up for EBSA weekly Newsletter (free)

    Sign-up for Newsletter

    NEWS ARCHIVES

    March 2023 February 2023 January 2023 December 2022 November 2022 August 2022 July 2022 May 2022 February 2022 January 2022 December 2021 October 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 August 2020 July 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 March 2019 December 2018 November 2018 October 2018 September 2018 August 2018 March 2018 January 2018 December 2017 November 2017 October 2017 September 2017

    NEWS CATEGORIES

    All

    RSS Feed


    EVENTS

    ​​11th annual CEE Business Services Awards

    ​Build it or Buy It?: Outsourcing in Poland and Central Eastern Europe

    ​BSC Directors VIP WineTastings, June-September 2023

    ​BSC Charity Beach Volleyball Tournaments - June and August 2023

  • SIGN-UP FOR NEWSLETTERS (Free)
  • SUBSCRIBE HERE

DIRECTORY

  • Directory Listings
  • Buy Directory
  • Update Directory Listing 2023
  • CEE BSC Showcases
  • CEE BSC Tickets

EVENTS

  • ​​11th annual CEE Business Services Awards​
  • Build it or Buy It?: Outsourcing in Poland and Central Eastern Europe
  • ​BSC Directors VIP WineTastings, June-September 2023

QUICK LINKS

  • Who We Are
  • Pre-Decision Advisory
  • News & Videos
  • Submit News About Your BSC
  • Meet The Directors- [Videos]
  • Meet The Managers - [Texts]
  • Contact us


© 2023 European Business Services Association
Proudly powered by Weebly
  • Home
  • News
  • Events
    • 2023
      • CEE Business Services Summit & Awards 2023
      • BSC Directors VIP WineTastings 2023
      • BSC Charity Beach Volleyball Tournaments - June and August 2023
      • Build it or Buy It?: Outsourcing in CEE and Poland
  • CEE BSC Summit & Awards
    • 2023
      • Winners & Shortlist 2023
      • CEE Business Services Summit & Awards 2023
      • Photos: Awards Gala
      • Photos: Summit Days
      • 8 March: Showcase
      • 9 March: Agenda
      • Attendance
      • The Jury 2023
      • Sponsorship & Branding
      • Venue & FAQs
    • 2022
      • Winners & Shortlist 2022
      • Events Gallery
    • Events Videos
  • Directory
    • Buy Directory (PDF)
    • Update Directory Listing (2023)
  • Solutions
    • Submit News about your BSC
    • Meet the Directors-Videos
    • Cee BSC Tickets
  • SSC Volleyball
    • 2023
      • BSC Charity Beach Volleyball Tournaments - June - August 2023
      • Registration Details
      • Register Your Team
      • Credit Card Payment
      • Register For After-Party
      • Questions & Answers
      • Venues
      • Logistics for Players
      • Charities
    • 2022
      • Photos 2022
  • About
    • Who We Are
    • Pre-Decision Advisory
    • Contacts