Romanian IT market hits €2bn

The Romanian IT market hit €2bn in 2008, marking it as one of the fastest developing markets in the whole Central and Eastern European (CEE) region. In 2009 the role of government projects will be critical for support of the Romanian IT market. During this period, when the sales of hardware and IT systems are on the decline under the impact of the economic slowdown, public IT spending has become a “stability island” for vendors.
The IT market in Romania skyrocketed in value after the country’s accession to the EU. In 2008 sales of hardware, software and services almost reached a total of €2bn, while market year-on-year growth exceeded 19%. At the same time, the Romanian IT market still remains significantly immature. PC penetration in the country has amounted to just 25%, one of the lowest levels in the region of the CEE. Implementation of full-scale ERP and other IT systems is not the standard case even in large and medium companies and the banking sector in general.

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