The present pandemic hastens the current digital transformation and automation trend, as businesses require (new) digital solutions to stay operating. Software development projects are frequently difficult, long, and varied and crucial to the client's long-term strategic goals. This emphasizes the importance of clear communication between the client and the developer.
Many software development activities necessitate specialized knowledge, and almost every business requires software in some form or another. Improving processes and innovating must include people and their skills in creating a larger pool of solutions and ensure a steady and seamless process. In the increasingly competitive talent market, locating and attracting individuals at scale and speed is becoming a significant advantage.
Outsourcing software development services has several advantages, whiteout the requirement for end-user organizations to acquire in-house talent. Software development necessitates a high level of knowledge, skills, tools, and security. Outsourcing helps you focus on your primary business while also engaging specialized developers as needed.
How did Romania become a game-changer in outsourcing?
The pandemic brought to attention the value of IT solutions for internal business procedures and client engagement. The availability of (or the capacity to roll out) cloud-based solutions was frequently a determining factor in staying operational. Companies became aware that this type of disruption could occur again in the future and its effects on their business.
Two things enabled Romania to become a game-changer in outsourcing: cost of living and excellent working conditions from home. In Bucharest and Cluj, two of the major IT hubs in Romania, the living costs are around 2,200 lei /month (roughly 445 €) for one person, which makes Romania among the first countries in terms of low living costs. The Digital Nomad Index ranked Romania as one of the best countries for working remotely. We cannot agree, more than that, the internet's average renting price and internet price-speed ratio are affordable and reliable.
Romania's information technology sector has an accelerated expansion. The market is predicted to be worth $6.4 billion. IT exports account for 85% of the total ($5.5 billion). Small firms (under 50 workers), which account for $2.2 billion, and mid-size businesses (50-249 employees), which account for $1.3 billion, account for almost half of total revenue ($2.9 billion). (Source: ANIS)
University centers that create opportunities for students
Romania has some of the best universities that form many students in information technology every year. With five university centers, the development of future specialists will grow. We have only seen the tip of the iceberg as Romania desires to learn and develop in this industry continuously. If we also had to consider those students who finished studies in economics, arts, literature, etc., participating in programming modules, these numbers would have increased.
The Romanian government is funding long-term incentive programs for the IT industry, one of the country's most important components. The academic environment, which focuses on mathematics and computer science, allows for the ongoing expansion of the IT talent pool, making Romania one of the world's top software development nations.
Accessibility to meet
Since Romania's admission to the EU in 2007, traveling to Romania from any other EU nation has been simple and easy since no visa is required. Access to Romania is made possible by a growing number of international airports and flights to and from the country.
Meeting IT experts is not limited to online; Romania is more than happy to accommodate people and invite them to cultural exchange. With 16 international airports and 8 major ports, Romania is becoming a prominent hub of programmers willing to bring their skills to the global market. If you want to know our legends, stories, and strategy, come a visit a place that combines work, people and beautiful sceneries; yes, we have them all!
Here we would like to compare the costs for living in Bucharest which is the capital of Romania vs other capitals that are outsourcing hubs. The cost of living is smaller in comparison to other tech hubs are significantly lower giving a highly advantage in reducing costs.
Favorable economy for outsourcing
In terms of economic growth, Romania has had steady growth. In 2021, the GDP growth rate was 5%. Software and IT services exports are important contributors to the Romanian economy.
If you want to cut costs and introduce innovative solutions in your current business model, outsourcing in Romania should be considered. If you don't know where to start, we are here to mind your business and help you with new solutions to integrate and digitalize your business. Our teams of experts have experience and certifications in a variety of technologies. Moreover, we are Microsoft Gold and TIBCO partners. Trust us when we say that we will amaze you!