There are 16 Companies in Romania
that provide Data Analysis Services!

Romania’s IT sector has seen continuous growth over the past years and is known for its broad technical expertise, flexibility, and excellent language skills. The IT services market in Romania is expected to reach $1.36 billion in revenue in 2025, according to Statista. The IT Outsourcing field is expected to dominate, with an estimated market volume of $507.19 million in the same year. It is expected that this market will experience an annual growth rate of 4.88% (CAGR 2025-2030), resulting in a market volume of $1.73 billion by 2030. 

The talent pool in Romania is expanding with over 200,000 IT specialists and approximately 10,000 tech graduates annually, making it the fourth largest pool in Europe. Bucharest, Cluj-Napoca, and Iasi are not only tech hubs, but also cities with the best tech and engineering universities, such as the Politehnica University of Bucharest. Companies like Google and Microsoft opened their offices in these cities, further enhancing innovations. 

Why Should You Work With a Romanian IT Company?

Romania is one of the emerging leaders in the IT sector. The costs to hire an IT professional from this country are lower than in Western Europe, with an average annual salary of approximately $20,000. Other benefits also include a strong educational system, lower costs of living, and a good healthcare system. 

The tech sector in Romania has a high level of digitalization, opportunities to work on international projects, and access to multiple training and development programs. Working with companies or developers from Romania could bring you multiple benefits that include:

• Highly skilled tech personnel
• Competitive costs
• Cultural diversity
• The EU’s strong legal and data protection infrastructure
• Growing innovation ecosystem
• Well-developed IT framework
• R&D centers of global tech firms 

Additionally, Bucharest could become a new Cloud Engineering hub in the AI economy. The city’s tech environment is estimated at $3.25 billion, backed by ten accelerators and over $463-470 million in revenue since 2015. This city also has about 22,000 Developers and Software Engineers. The total of IT professionals is 21% women, which is higher than the 16% European average. Another promising tech hubs are Cluj-Napoca and Iasi, which have large talent pools and educated young people attracting foreign investments. 

What You Should Be Aware of When Working With Romania-based Tech Companies?

When you consider hiring an IT professional, a web agency, or a Developer team based in Romania, it is important to consider the following criteria that could complicate this process. Besides these challenges, the country’s tech environment has more advantages than weaknesses, including the ease of doing business and cooperation with local programmers. The challenges of working with a Romania-based tech firm are the following:

• Despite the impressive number of tech graduates, it is still lower than the European average.
• Bureaucratic complexities 
• Different soft skills compared to Western companies
• Unplanned costs may appear
• The country needs more funds for development

Additional important considerations include understanding Romanian legal frameworks such as the employment agreement, working hours, and minimum wage. Work permits and visas are another criterion to look after, as Romania is a member of the European Union.

Are Romanian IT Companies Reliable?

Romanian IT firms have a reputation as trusted service providers due to the solid tech expertise of local teams. CEE professionals have experience in custom software development and can find solutions to every specific technical problem. 

The country scored 30th position in the AT Kearney list of the most prominent outsourcing destinations in 2023. Romania was also placed in the first place among the mature outsourcing markets by the Business Service Leaders and KPMG.

Another reason why Romanian-based companies are reliable is their skills in diverse tech fields, including cloud architecture, AI, DevOps, UI/UX, QA automations, network security, blockchain, and IoT. Choosing to work with Romanian-based developers can be fruitful for your project due to the many benefits it can bring and the influence they have on the company’s success. 

How is Romania’s IT industry related to Neighboring Countries? 

Romania is one of the top outsourcing destinations in Eastern Europe and is a neighbor to other emerging IT ecosystems from Moldova and Bulgaria. These countries have approximately the same costs to hire Developers in Software, Cybersecurity, AI & ML, ranging from <$26 - $35. The three of them have strong tech education and large talent pools with skilled professionals. 

Moldova’s contribution to GDP had a record growth in the IT services exports, surpassing not only Romania but also Ukraine, Estonia, and Latvia, showing growth of its tech sector.  Bulgaria is considered a rival to Romania thanks to its high number of ICT professionals and lower costs in specific segments. 

Romania, Bulgaria, and Moldova are among the best outsourcing destinations for IT services from Eastern Europe and can work to bring innovations to your company. 

Data analysis services help businesses make sense of their data. They collect, clean, and analyze data to uncover valuable insights, patterns, and trends that can inform decision-making and strategy.

More than 644 verified and trusted IT companies specialize in providing data analysis services. These companies offer a range of expertise, from data scientists to data engineers. Notable IT companies in this field include IBM, Deloitte, and Accenture.

Data analysis service providers use various tools and technologies to work with data effectively. Commonly used tools include statistical software like R and Python, data visualization tools like Tableau and Power BI, and big data platforms such as Hadoop and Spark. Cloud computing platforms like AWS and Azure are also popular for data storage and analysis.

Data analysis services are often part of a broader range of data-related services, including:

• Data Visualization: Creating graphical representations of data for better understanding.

• Business Intelligence: Developing dashboards and reporting systems for data-driven decision-making.

• Predictive Analytics: Forecasting future trends and outcomes based on historical data.

• Data Engineering: Building data pipelines and infrastructure for data storage and retrieval.

• Machine Learning and AI: Leveraging advanced algorithms to automate data analysis and predictions.

Selecting the right IT company for data analysis services involves considering factors like the company's experience, domain expertise, client references, and the range of services they offer. Look for a company that aligns with your specific data analysis needs, whether it's for business intelligence, marketing, finance, or any other domain.

Data analysis service providers are essential for various projects, including:

• Market Research: Analyzing customer behavior and market trends.

• Financial Analysis: Assessing investment opportunities and managing risks.

• Healthcare Analytics: Extracting insights from patient data for better healthcare outcomes.

• Supply Chain Optimization: Improving logistics and inventory management.

• Customer Insights: Understanding customer preferences and enhancing user experiences.

• Fraud Detection: Identifying unusual patterns in financial transactions.

Most of the times, these services are valuable for companies across industries, including but not limited only to:

• Retail: Analyzing sales data to optimize inventory and promotions.

• Finance: Managing investments, risk assessment, and fraud detection.

• Healthcare: Improving patient care, disease prediction, and drug discovery.

• Marketing: Enhancing customer targeting and campaign effectiveness.

• Manufacturing: Optimizing production processes and quality control.

• Technology: Utilizing data for product development and user experience enhancement.

Data analysis services can provide valuable insights, but it's crucial to have clear objectives and questions you want to answer with the data. Communicate your goals clearly with the service provider to ensure that the analysis aligns with your needs. Data privacy and security should also be a top consideration when sharing sensitive data with a service provider.