Total turnover of the IT sector increased by 11 percent in 2017 compared to 2016, reaching the threshold of 4 billion euros, given that in the previous edition of the ANIS study, analysts estimate it will exceed this value in 2017. For 2018, it is projected that total revenue generated by the software and IT services industry will reach 4.5 billion euros.
The export of IT software and services contributes decisively, with 3.025 billion euros, namely 75.6%, to the value of the whole IT sector, up by 14% over the value registered in the previous year. Domestic revenue, however, grew by only 20 million euros (2.1%) from 955 million euros in 2016 to 975 million in 2017. Out of total exports of IT products and services, some 75 % goes to the European market, 22% to the US market, the rest being directed to other markets.
The top 10 companies generate about a quarter of the market value. Also, out of the top 300 of the largest software and IT services companies operating on the local market, 40% are Romanian companies. The situation of the business sectors that contributed the most important shares to the domestic income from the software and IT services market is the following: industrial - 22%, the public sector - 20%, banking - 16%, telecom - 11%, utilities, services - 8%.
"It's gratifying that the tech industry continues its growth, but the forecasts show that in similar conditions it will soon reach a plateau stage. To maintain and accelerate growth, companies need a predictable and healthy environment that encourages significant technology investments across the economy and the public system. At the same time, the tech industry focuses on development priorities in the innovation area and on education projects with medium and long-term impact, which is also reflected in ANIS projects, "said ANIS President Teodor Blidarus.
According to ANIS study, the total number of employees with full time contracts in the software and IT services sector reached 20,817 to 89,850 specialists, a 7.5% increase compared to 2016. Of these, 88.6% occupy technical positions, the rest holding positions in non-technical departments. Three quarters of companies with the most employees have foreign capital.
