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ANIS Study: Romanian Software and IT Services to Surpass EUR 4 BN In 2017

In May 2017, ANIS (The Employers’ Association of Sofware and IT Services in Romania) launched the 4th edition of the much awaited “Romanian Software and IT Services Report”. The report is done in partnership with PAC – Pierre Audoin Consultants. According to the official release, the total turnover of software and IT services sector in Romania gre by 11.3% in 2016 and will surpass the value of 4 billion EUR in 2017.

The turnover of 3.6 billion euro of the sector recorded for 2016 is mainly due to the intense exports activity: in 2016 Romanina software and IT services exports grew by 18.7% compared to 2015. In the same time, the value of the domestic market decreased by 5.7% in 2016 compared to 2015, in spite of the forecasted growth of 4.6% announced in the 3rd edition of the same report. Neverthless the annual average growth forecast of 15% for the following 3 years is maintained at a stagnation level compared the previous forecast.

The total software and IT services exports reached a value of 2.6 billion euro in 2016 – an increase of 19% compared to 2015 and representing 74% of the total sectors’ turnover. The forecasts show that exports will weigh approximatively 79% of the total sector value by 2020, in the markets’ current conditions.

As for the domestic market, that equals 25% of the total turnover of the sector, the report indicates an unexpected decrease, barely reaching 935 million euro. The internal market analysis indicates a shy evolution for the upcoming period, as the expression of a low internal technology consumption compared to the estimated need, especially that of the public sector.

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