Romanian software industry exceeds 5.4 billion euros in 2018

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By Andra Beltz
The Romanian software industry, which employs over 17,000 companies, will exceed 5.4 billion euros in 2018, up 10.2% year-on-year, according to a special analysis by KeysFin.
The number of companies in the software industry increased by 3,000 compared to 2012, and in 2007 business software business climbed by 150%. Compared to 2016, the increase was 5.4%.
According to the specialty analysis, the largest businesses in Romania were the foreign companies present in Romania, mainly Oracle Romania (221 million euros, equivalent to 4.5% of the total), IBM Romania (195 million and 3 million , 9% of the total) and Ericsson Romania (159 million euros, 3.2% of the total).
The top turnover is followed by Endava Romania (82.5 million, 1.7% of the total) and Atos IT (73.3 million and 0.9% of the total).
Generally speaking, the top ten companies generated 21% of the total turnover in Romania in the software sector.
KeysFin data also shows that at the geographic level, the biggest businesses were made by the companies in Bucharest-Ilfov (EUR 3 billion), Cluj (EUR 723 million), Iasi (EUR 223 million), Timis (190 million) and Brasov (152 million euros). These together generated over 86% of total turnover in 2017.
According to the cited source, the most profitable player in the software market was in 2017 SAP Romania (8th in the ranking after turnover), with a result of 20 million. The hierarchy was completed by IBM Romania, Atos, Logic IT and Misys. Together, the five most profitable companies generated 11% of the industry’s total profit.
With regard to the number of employees, the largest employers were Oracle Romania (4.142 employees), IBM Romania (3,096), Comdata Service (2,812), Ericsson (2,179) and Atos IT (1,871 employees). Depending on the category, average companies recorded the largest number of employees, over 44,000 and 41,7% of the total.
Worldwide, American firms are the ones who make the tone in the software industry. Thus, Microsoft has become, the past few days, the most valuable company in the world, dethroning Apple. Oracle, Symantec, Vware, Finserv, or Adobe.
With regard to the situation at European level, official data reveals that the software industry is expected to grow at an average rate of 1.8% per year, so it will exceed 280 billion euros in 2020. SAP is positioned as the undisputed European leader, with revenues of 23.5 billion euros in 2017, followed by Wolters Kluwer, Hexagon, Dassault Systemes, Indra, Gemalto, Sage, Asseco Poland SA.
KeysFin analysis is based on annual, unadjusted, aggregated data reported by companies at the Ministry of Public Finance (end of period), which have as main activity domain: computer game editing activities, editing other software products, activities custom-made software development, information technology consultancy, computer-based management and management activities, other information technology services, data processing, web site administration and related activities or web portals activities.
All figures are denominated in euro, and the exchange rate used is the official one posted by the National Bank of Romania (NBR) at the end of the period. Estimates are based on the average annual rate, calculated over a period of at least five years.

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