IT Consulting & Implementation - Romania

Revenue in the IT Consulting & Implementation market is projected to reach US$66.56m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.74%, resulting in a market volume of US$87.97m by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$8.10 in 2024.
In global comparison, most revenue will be generated United States (US$27.22bn in 2024).

Definition :
The IT Consulting & Implementation market refers to advisory services provided by professionals and firms that help businesses evaluate their technology strategies and align them with their business strategies or internal processes. IT consulting and implementation services help organizations leverage technology effectively to streamline operations, improve efficiency, enhance security, and achieve their business objectives. Consulting areas include the overall strategy, technology architecture, and implementation. Any non-IT-related business consulting and implementation services are excluded from this analysis.

Additional Information:

The IT Consulting & Implementation market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Accenture, IBM, Cognizant, TCS, and Infosys.

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IT consulting on general strategy, such as McKinsey & Company, Infosys Consulting, and BCG (Boston Consulting Group)
IT consulting on technology architecture, such as Cognizant Technology Solutions, Atos, and HCL Technologies
IT consulting on implementation, such as Wipro Technologies, Tata Consultancy Services (TCS), and Deloitte

Business process outsourcing, such as IBM, Infosys, and NTT Data
IT outsourcing, such as Capgemini, Cognizant, and Fujitsu
Human Resources Consulting, such as PwC (PricewaterhouseCoopers), Willis Towers Watson, and Aon
Financial Consulting, such as Bain & Company, KPMG, and Oliver Wyman
Non-IT Business Consulting

IT Consulting & Implementation has become a rapidly growing industry in Romania, driven by the country's economic growth and the increasing demand for digital transformation.

Customer preferences: Romanian businesses are increasingly looking for IT consulting and implementation services to help them adopt new technologies and improve their operations. This is driven by the need to increase efficiency, reduce costs, and improve customer experience. The demand for IT consulting services is particularly high in industries such as finance, healthcare, and manufacturing, where digital transformation is seen as a key driver of growth.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in Romania is the increasing adoption of cloud computing and software-as-a-service (SaaS) solutions. This is driven by the need for businesses to reduce costs and improve flexibility, as well as the increasing availability of cloud-based solutions. Another trend is the growing importance of cybersecurity, as businesses seek to protect themselves against cyber threats and data breaches. This has led to increased demand for cybersecurity consulting and implementation services.

Local special circumstances: Romania has a highly skilled workforce in the IT sector, with a large pool of talented software developers and engineers. This has helped to drive the growth of the IT Consulting & Implementation market, as businesses are able to access high-quality talent at a lower cost than in other European countries. In addition, Romania has a favorable business environment, with low taxes and a relatively low cost of living, which makes it an attractive location for IT companies to set up operations.

Underlying macroeconomic factors: The Romanian economy has been growing steadily in recent years, driven by a combination of strong domestic demand and increasing exports. This has created a favorable environment for businesses, including those in the IT Consulting & Implementation industry. In addition, the Romanian government has been investing heavily in infrastructure and education, which has helped to support the growth of the IT sector. However, there are also challenges facing the Romanian economy, including corruption and a lack of investment in certain areas, which could impact the long-term growth of the IT Consulting & Implementation market.

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us 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 relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

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

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.