IT industry has doubled its revenue in 6 years in Romania


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The number of IT companies nationwide increased from 9,823 to 14,339 during 2011 – 2016 and it is forecast that by the end of 2017, they will exceeded 17,000, according to Romanian Association for Electronic Industry and Software (ARIES) – Transilvania data.

Moreover, the total turnover of IT companies has doubled over the last 6 years, to EUR 5 billion.

In the mentioned period, there have been practically almost 50 percent more IT companies registered, considering that the IT segment has a growing share in the national economy, surpassing 6 percent of GDP, together communication technologies.

Over 100,000 employees were working in the 14,339 companies registered in 2016, up by 75 percent over the past six years. Moreover, the number of start-ups doubled during the period under review, indicating the emergence of young entrepreneurs, young promoters, new solutions and a new business attitude in the market, thus completing the experienced companies which have risen steadily in recent years.

At national level, there is a trend of decreasing the number of small companies with 1-4 employees and an increase in the number of companies without any employees. If in 2011 the share of IT companies that had no employees was 27 percent in 2016, this percentage increased to 35.5 percent of all IT firms.

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