Market Insights Technology Cybersecurity Security Services

Managed Services - Romania

Romania

The Managed Services market in Romania is expected to achieve a revenue of US$20.20m by the year 2024.
Furthermore, it is anticipated that the market will display a Compound Annual Growth Rate (CAGR) of 3.80% from 2024 to 2029, resulting in a market volume of US$24.34m by 2029.
It is worth noting that the average Spend per Employee in the Managed Services market is projected to reach US$2.46 in 2024.
In terms of global comparison, United States is predicted to generate the highest revenue, amounting to US$10,260.0m in 2024.
"Romania's Managed Services market is thriving, driven by a strong IT talent pool and cost-effective solutions."

Key regions: India, Germany, Canada, Europe, Belgium

Market

Region

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Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.