The Romanian IT&C market registered an increase of 22% in 2020 compared to the previous year, a margin in which services increased by 23.4%, and the wholesale trade of information and telecommunications equipment by 20.5%. The IT sector will reach 10% of GDP.
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Centralized data from Arctic Stream show that, last year, the value of the local IT&C market amounted to 11.92 billion euros (58.81 billion lei), compared to 9.75 billion euros (48.10 billion lei) , in 2019.
The company’s estimates highlight, for the next 3-4 years, a leap in this technology sector Romania of at least 14-15% per year, given that, globally, IT&C investment budgets total 4.1 trillion dollars for 2021 alone, and growth for next year is estimated at 4.6%.
“The excellent results in the IT&C sector, from last year, follow another good year (2019), when the market of services and wholesale of equipment was already on an upward trend and registered an increase of 15.35% compared to 2018. In despite the global health crisis, which led to a decrease of more than 10% a saving in the second quarter of 2020, the need for solutions for remote work has led to investments by companies and public institutions in equipment, communications services, infrastructure and data security solutions, as well as in communication capacity and online collaboration “, emphasizes the Arctic Stream analysis.
The IT&C sector now accounts for 7% of GDP, but will reach 10%
According to the quoted source, if in the period 2015 – 2020, the IT&C sector represented about 7% of Romania’s GDP, in the coming years, its share could reach 10%, in the context in which both private companies from different industries (banking, retail , energy and utilities, etc.), as well as state institutions will continue to invest in digital transformation.
Arctic Stream is a company with fully Romanian capital, founded in 2017, with a portfolio of services that includes: IT infrastructure evaluation, consulting, design, redesign, integration and development of data and IT security infrastructure, project management, configuration, implementation and migration of complex solutions, maintenance and post-implementation operational support.
The company holds the Cisco Certified Premier Partner certification since 2017, along with numerous other certifications from world-leading manufacturers such as Cisco Systems, Dell, Palo Alto, VMware and Veeam.
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