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2018: The largest IT companies
Level of penetration of the Internet in comparison with other countries
Size of the market of IT
The volume of the IT market of Bulgaria in 2010 was, according to researches of Business Monitor International (BMI) company, $902 million (growth in comparison with previous year of 6%)[1].
Market of software
Bulgaria is one of the poorest members of the European Union, however the country great expectations are pinned on IT market, and on i.e. several reasons. About them the ZDNet edition in the middle of December, 2014 was told by Georgi Braschnarow, the former chairman of the Bulgarian association of the companies on software development (BASKOM).[2]
According to data BASKOMA, by the end of 2014 in Bulgaria there are more than 20 thousand professional software developers. It is expected that the volume of the Bulgarian software sector will exceed $1 billion in 2014 that will correspond to 1.74% in national GDP. This indicator in comparison with 2005 will increase five times.
About 65% of proceeds from sales of software are the share of export, mainly to the USA and the states of Europe. By the way, actively specialists in the field of computer systems after falling of communism in 1989 exactly there began to migrate, Brashnarov remembers.
The Bulgarian IT market attracts with low taxes, abundance of talented programmers and membership of the country in the European Union
According to him, success of the Bulgarian software market is connected with the high qualification of specialists which is well developed by infrastructure (this country is among leaders in speed and stability of Internet access) and free model of development at which the state does not encumber the IT company with supplementary certified and registration procedures.
Besides, in the country the low payment for lease of premises is set, proportional taxation covers only 10% of the companies and business owners, and the impartial mentality allows to build up easily the international relationship, the former head BASKOMA noted.
IT outsourcing
By the end of 2014 in Bulgaria, in addition to a large number of programmers, about 20 thousand people occupied with IT outsourcing collected. The volume of this market in the country in 2013 grew by 60% in comparison with the 2009th and reached $630 million, reported in Association of outsourcing of Bulgaria.
Multinational company A. T. Kearney which specializes in management consulting included Bulgaria in ten the countries with the highest level of attractiveness in the field of providing outsourcing services. The research agency Tholons located Sofia on the 52nd place in the rating of the best world cities for outsourcing in the field of IT and business processes.
Bulgaria attracts the international IT companies
The low cost of work, low taxes, abundance of talented programmers, membership in the European Union and successful geographical to arrangement made Bulgaria very attractive country for the foreign companies.
Bulgarian "subsidiary" began to work with Microsoft in 1999. In 15 years the list of local partners of the company exceeded 900 firms, and investments into different educational projects made more than $2 million.
SAP opened representation in the country in 2000, and in 14 years its staff of specialists in the field of software grew to 600 people. In 2014 the company started the new department which is responsible for improvement of the user interface and functionality of SAP products in local office.
In February, 2014 the software maker of Luxoft opened software development center in Sofia. According to the managing director of local Bulgarian office of the company Konstantin Konov, the country takes the third place in the world to the number of the certified IT specialists per capita.
Local companies
By the end of 2014 the most fast-growing company representing the Bulgarian technology sector is Mnemonica which proposes solutions in data storage area and virtualization. From 2009 to 2014 revenue of this company jumped by 317%.
Telerik startup offering the platform for mobile application development is one more example of the successful Bulgarian company. In 2014 this firm was purchased by the American Progress Software for $262.5 million. Also it is necessary to mark out the system developer of content management of Sitefinity under whose wing the community from 1.4 million developers is created.
From 2012 to 2014 more than 120 Bulgarian startups received investments which amount is measured by 21 million euros. Dilyan Dimitrov, the founder of a startup of Eleven, says that the beginning Bulgarian IT companies differ in what initially focuses the business on international market.
Notes
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