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Romanian IT market exceeded 210 million euro last year

de A.C.
Luni, 18 februarie 2008, 19:46 English | Business

The Romanian IT service market grew by 20% up to 210 million euro last year alone and IT investments are expected to grow by a similar percentage this year, according to an IDC forecast, quoted by Romanian news agency NewsIn.

IDC research analyst Calin Mirea says that the competition is tough in the sector and both national and international companies will fight for investments destined for IT services.

In 2006 Romania's IT market value reached 176.5 million euro, a 18.4% increase as compared to 2005, making it one of the fastest growing markets in Eastern Europe. Integrated system services received the highest revenues of the IT market, accounting for 24.3% of the market, while hardware and installation sectors made up for 17.8%.

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