Home » 2017 » December » 11 » The Romanian IT industry has doubled its revenue in 6 years, the turnover is 5 billion euros
5:59 PM
The Romanian IT industry has doubled its revenue in 6 years, the turnover is 5 billion euros

By Edwig Ban
The number of IT companies nationwide increased between 2011 and 2016 from 9,823 to 14,339 and it is forecast that by the end of 2017 the number of 17,000 will be exceeded, the cumulative turnover of IT companies being doubled over the last 6 years, to 5 billion euros, according to a study by the Romanian Association for Electronic and Software Engineering Transilvania.
Between 2011 and 2016, there were almost 50% more IT firms, in the context in which the IT segment has a growing share in the national economy, surpassing, together with the field of communication technologies, 6% of GDP.
In the 14,339 companies registered in 2016, over 100,000 employees worked, their number increasing by 75% over the past six years. Moreover, the number of start-ups doubled during the period under review, indicating the emergence of young entrepreneurs, young promoters, new solutions and a new business attitude in the market, thus completing experienced companies which have risen steadily in recent years.
The capability of these start-ups to withstand strong competition is one of the IT market stakes, a stake that attracts the interest of all specialists, being one of the premises for the successful continuity of this field.
The business capacity developed by IT companies is also highlighted by the doubling of the total turnover in 6 years. A market of nearly five billion euros is an important segment in any forecasting calculation.
At national level, there is a trend of decreasing the number of small companies with 1-4 employees and an increase in the number of companies without any employees. If in 2011 the share of IT companies that had no employees was 27%, in 2016 this percentage increased to 35.5% of all IT firms.
This trend is worrying in view of the fact that the growth rate of new staffing is decreasing relative and the number of IT companies without any employee represents one third of all IT companies.
Thus, more and more IT companies find it difficult to recruit the human resource and more and more IT employees prefer to set up their own company, which is reflected in the number of start-ups.
Between 2011 and 2016, the number of start-ups almost doubled (from 1,806 start-ups in 2011 to 3,795 start-ups in 2016) and their share in total companies rose from 18, 4% in 2011 to 26.5% in 2016.

Views: 27 | Added by: | Tags: 5 billion euros, TURNOVER, Revenue, romania, IT industry | Rating: 0.0/0
Total comments: 0
avatar
Contact
The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania

+40 725 511 887 office.rbjournal@gmail.com www.rbj.ucoz.ro
Mirum