Romanian IT market projected to reach EUR 1.21 bln this year

Romania’s IT market will reach EUR 1.21 billion, this year, and will record one of the highest growth rates in the region, of 9.1% compared to 2013, according to research and analysis company Business Monitor International (BMI). The strong economic growth and the status of regional center for IT professionals will support market growth. “Over the medium term income growth will support the retail hardware market , while improvements to telecommunications infrastructure is forecast to accelerate the development of Romania as an outsourcing and cloud computing market,” according to a quarterly analysis report published by BMI. The main risk for the market is political instability, which could have a negative impact on its evolution. According to BMI, sales of hardware components could reach EUR 650 million this year, up by 8.1% compared to 2013, in local currency terms, supported by a recovery in PC and notebook sales, as well as a significant increase in tablet sales. The software market will go up by about 10.6%, to EUR 270 million, with piracy still acting as a break for the development of this market segment. IT services sales should also grow by about 10%, to some EUR 292 million, the report shows. editor@romania-insider.com