CONSTANTIN MAGDALINA

  |  2017-07-05

Technology spending goes down in Romania

The export of products and services generated by the IT industry in Romania will reach 77% of the total IT market in 2017, a significant increase from 69% in 2015

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Thus reveal the data provided in the study Software & IT Services in Romania carried out by the Employers’ Association of the Software and Services Industry (ANIS). Compared to exports, the percentage of consumption of products and services in the local market is down from 31% in 2015 to 23% in 2017.

 

As the IT market (export and local market) has risen in nominal terms, the local market is in a relative stagnation. According to the same sources, under current conditions, a market consolidation is expected, which will increase its value from 4.1 billion euros (the forecast for 2017) to about 5.5 billion euros in 2020. The decisive factor for growth is represented again by exports, which will take up a share of 79% of the IT market in 2020.

 

Currently, out of the total of 4.1 billion euros, the exports of IT goods and services represent 3.15 billion euros (18.2% increase compared to 2016), while the local market is just under 1 billion euros (0.5 % increase compared to 2016).

 

A first explanation for this proportion of exports and the local IT market is that, of the top 300 companies, 40% are Romanian companies and 60% are foreign companies. A second explanation is that 78% of the top 50 companies' incomes are owned by foreign companies. The third explanation, which comprises the other two, is that at the level of the entire IT industry, 73% of the revenues belong to the foreign companies and only 27% to the Romanian ones.

 

Additionally to all these measurable evidence, are the following three hypotheses:

1.     Local technology consumption, both in the public and private sectors, stagnates.

2.     Increased demand from economically strong external markets and innovation-oriented and streamlined technology.

3.     The local consumption of technology has some of the suppliers, foreign companies, which use Romanian specialists. So, we export products and services that we sometimes contract from the suppliers who have accessed the Romanian specialists.

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Scoring Methodology by ERNST&YOUNG


 
#
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1 PROCTER & GAMBLE DISTRIBUTION SRL 4,0000
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