Businesses in IT sector reached in 2014 a record level of RON 15.6 billion, (EUR 3.4 billion), according to a survey of KeysFin business information agency.
Since 2010 until now, businesses in this sector increased from RON 12.52 billion at the historical level of RON15.69 billion. The number of employees has gradually evolved, as the business has become widespread, reaching 63,059 in 2014 from 52,885 in 2010. Currently, 13,777 companies are activating in the Romanian IT market, with over 2,000 more than in 2010. Thus, the IT sector was one of the top employers in the economy, given the amount of above-average wages (EUR 1,000-3,500).
“The financial figures of the past four years shows that the IT business has excellently adapted to crisis period, managing to avoid negative effects by targeting almost exclusively to software and consulting products development and export support. IT tends to become one of the engines of economic growth,” KeysFin analysts said.
The most important five players in the field are Oracle Romania SRL, IBM Romania SRL, Siveco Romania SA, Romsys SRL and Teamnet International SA, the survey shows. Top main players in the industry is completed by Microsoft Romania SRL, Asesoft International SA, XOR-IT Systems SRL and Export One Research SRL. Together, these companies have achieved a turnover of RON 2.23 billion in 2014.
Not only big companies have spectacularly evolved during this time. According KeysFin, the last four years have brought an explosion of start-ups, primarily focused on software development for the Internet, from web pages to apps and dedicated products.
IT market in Romania has chances of sustained development in the coming years, with annual sales growth of 25-30 percent, KeysFin analysts also estimate. According to them, Romanian IT will continue to draw the interest of major investors as the main competitors, such as China, India and Pakistan, are facing more and more challenges, mainly logistics.