The IT sector in Romania grew much faster than the country’s GDP in 1998-2008 with 25% annually. Despite the slight decrease in 2009, growth resumed in 2010 and 2011 and the sector still performs better than the economy as a whole. The Romanian Institute for Computers (ITC) reported the growth rate of the hardware and electronics segment at 43% and that of software and IT services at 9.3% in 2010. Outsourcing is the fastest growing subsector of the IT industry.
In 2010 the value of Romanian IT market amounted to EUR 831 mln, shrinking for the second consecutive year. The structure of the revenue by segments in 2011 was: 50% generated by the hardware and electronics subsector, 27% by the IT services subsector and 23% by the software subsector.