Romanian IT industry will reach revenues of 6 billion euros in 2019

By Emea Riga
The Romanian IT industry will reach a volume of 5.9 billion euros by the end of this year, according to a study by the Employers Association of the Software and Services Industry (ANIS). About 80% of the products of the sector will be destined for export.
‘The volume of the local IT market has increased in recent years with a relatively constant rate of about 500 million euros per year. By the end of 2019, ANIS estimates a volume of 5.9 billion euros, of which 4.8 billion euros represent the software and services segment, and 1.1 billion other activities. In this context, ANIS estimates an annual growth rate of 25%, by 2022, respectively reaching a total income of 7.3 billion euros’, it is shown in the cited study.
About half of the total revenues (2.7 billion euros) are generated by large companies, with over 250 employees, followed by small companies (with up to 50 employees) bringing in a volume of 2.1 billion euros and companies medium (50 – 249 employees), which contributes 1.2 billion euros.
Also, companies with foreign capital, although they represent only 10% of the total number of companies in the industry, generate 73% of the market revenues and have a sustained growth rate of about 12% per year, compared to those with Romanian capital, which it generates about 27% of the market.
Geographically, Bucharest contributes 63% of revenues, and the other important regions are North West with a weight of 18%, West with 5%, central area with 6% and North-East with 5%.
On the other hand, ANIS estimates that exports will reach 78% of the IT market this year, up from the last two years, when they registered 72% (2018) and 65% (2017). IT services that go to foreign markets represent 19% of Romania’s total exports in 2019, increasing compared to 2018 (17%) and 2017 (15%).
The number of employees in the IT industry is also a constantly increasing index, with an average of 10% / year, although the number of specialists continues to be far below the needs of companies. According to ANIS forecasts, in the North-West of the country, a more acute need will be felt by specialists, in the context in which the respective area continues to be attractive for large companies.
Investments in the field, another benchmark for the well-being of the market, have an average growth of around 20 million euros per year. According to ANIS estimates, this indicator can grow steadily, given the current legislation.