The total turnover of software companies in Romania stood at EUR4.9 billion in 2017 and is set to grow 10.2% this year.
Compared with 2007, the local software industry’s turnover grew 150%. Compared with 2016, it grew 5.4%, a sign that the market has reached a level of maturity, the report notes.
The biggest turnovers last year were reported by multinationals operating in Romania, mainly Oracle Romania (EUR221 million – 4.5% of the total), IBM Romania (EUR195 million – 3.9% of the total) and Ericsson Romania (EUR159 million – 3.2% of the total).
The most profitable player on the local software market in 2017 was SAP Romania (ranked 8th by turnover), with EUR20 million, followed by IBM Romania, Atos, Logic IT and Misys. The top five most profitable companies generated 11% of the industry’s profit.
The report shows the local software industry had over 106,000 employees in 2017, up 5% on the year and up 143% compared with 2007.