Romanian IT market growth, over 6% of the national GDP
In the last few years, Romanian IT has experienced a spectacular market growth. Now, along communication technology it reaches over 6% of the national GDP. All this concentrate in 10 cities in the country.
Cluj-Napoca market development
Among them, Cluj-Napoca is representing the most dynamic part of the market. Initially it stayed in other cities shadow making good use of their example, and now it is a real challenge for the leader, Bucharest. It even managed to surpass it, at software development services (63,1% of Cluj companies have this type of activity).
From 2011 to 2016, the number of IT companies in Cluj had a growth of over 75% and it managed to multiplicate 4 times the turnover value. Not only that their economic status had evolved in a good manner, but this influenced the entire community by raising the economics and proving modern solutions.
Cluj also embraces the international market by outsourcing and because of that it is only natural that the subject trending is part of the worlds most demanded solutions, like: virtual reality, artificial intelligence and devices data communication.
Growth, opportunities, risks
This type of growth has also its drawbacks. For example, increasing the company size requires new skilled people to be employed, and so the staff turnover can appear. There are even people that come from other domains of activity because of the market opportunities. Only 20% of the working staff represents people at the first job. The reason behind this is that the young IT generation lacks soft-skills like communication, good teamwork, pleasant character. And the complexity of the projects requires a high set of skills.
On the other hand, the flexible working hours, the competitive salary, the company preoccupation for the employees, the available time for personal care and the career opportunities offered by companies are the main things that attracts people and motivate them to develop a business behavior.
Altogether, we can see that Cluj-Napoca is one of the most dynamic Romanian IT hub in a booming market. And manages to appropriate the image attributes of a successful programmer and a solution provider.
Contact us to get the full study case and find out more about Cluj-Napoca IT hub.