System Infrastructure Software - Romania

Romania

The System Infrastructure Software market in Romania is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$86.30m by 2024.
Moreover, the market is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 2.21%, leading to a market volume of US$96.29m by 2029.
In terms of global comparison, it is worth noting that United States is anticipated to generate the highest revenue in the System Infrastructure Software market, with a staggering amount of US$80,080.00m in 2024.
Romania is quickly becoming a hub for system infrastructure software development, attracting global tech companies and fostering local innovation.

Key regions: France, Australia, China, Japan, Canada

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Analyst Opinion

The System Infrastructure Software market in Romania has been experiencing significant growth in recent years.

Customer preferences: Romanian businesses have been increasingly adopting cloud-based solutions, which has led to a rise in demand for System Infrastructure Software. Additionally, the need for efficient and secure data storage and management has also been driving the market.

Trends in the market: One of the major trends in the System Infrastructure Software market in Romania is the shift towards virtualization. This technology enables businesses to reduce hardware costs and improve flexibility by allowing multiple operating systems to run on a single physical server. Another trend is the adoption of Software-defined Networking (SDN), which provides centralized management and control of network resources.

Local special circumstances: Romania has a large and growing IT industry, which has been a major driver of the System Infrastructure Software market. Additionally, the country has a highly skilled workforce and a favorable business environment, which has attracted many foreign investors.

Underlying macroeconomic factors: The Romanian economy has been growing steadily in recent years, which has led to increased investment in the IT sector. The government has also been implementing policies to promote the development of the digital economy, which has further boosted the System Infrastructure Software market. Furthermore, Romania's membership in the European Union has enabled businesses to access a larger market and benefit from EU funding programs.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.