New Computer Technology research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Thu Mar 24 2016] After a dip in IT market performance in Romania in 2015 we expect the market to exhibit stronger growth from 2016 to 2020. Device and solution penetration remains some way below the European average in Romania, and as the economy gathers momentum we believe vendors will be able to target relatively strong growth from convergence trends. The increasingly affluence of the middle class in Romania is highlighted, and we believe of greatest significance to personal device vendors , ie tablets, notebooks and hybrids. Meanwhile, the enterprise application market has considerable potential in ERP and CRM, and lower cost cloud providers could make gains in market share by tapping this underpenetrated opportunity. For the Romanian IT market as a whole we forecast a CAGR of 7.2% over 2016-2020 to almost RON7.7bn.
Full Report Details at
Latest Updates & Industry Developments
Hardware Sales: from RON3.1bn in 2016 to RON3.8bn in 2020, corresponding to a CAGR of 5.3%. The market turned down in 2015 as economic downside exacerbated the product cycle, but we expect stronger medium term performance as the middle class becomes increasingly affluent.
Software Sales: from RON1.3bn in 2016 to RON1.8bn in 2020, a CAGR of 8.6%. Relatively low penetration of enterprise applications opens the door to strong catch-up growth as cloud delivered ERP and CRM solutions deepen the market.
IT Services: from RON1.5bn in 2016 to RON2.1bn in 2020, a CAGR of 9.7%. Cloud computing and outsourcing adoption by local enterprises will drive expansion of the services segment, supplementing traditional revenue sources such as consulting and systems integration.
The Romania Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Romania Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Romania.
Benchmark BMI's independent IT Industry forecasts for Romania to test other views - a key input for successful budgetary and strategic business planning in the Romanian IT market.
Target business opportunities and risks in Romania's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Romania.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Slovenia Information Technology Report Q2 2016
- China Information Technology Report Q2 2016
- Indonesia Information Technology Report Q2 2016
- Colombia Information Technology Report Q2 2016
- Argentina Information Technology Report Q2 2016