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Software - Austria

Austria
  • In Austria, the revenue in the Software market is estimated to reach US$2.70bn in 2025.
  • Among the various segments, Enterprise Software is projected to dominate the market with a market volume of US$1.13bn in the same year.
  • It is expected that the revenue will exhibit an annual growth rate of 3.31% (CAGR 2025-2029), leading to a market volume of US$3.08bn by 2029.
  • When compared globally, United States is anticipated to generate the highest revenue, amounting to US$379.29bn in 2025.
  • Austria's software market is thriving with a strong emphasis on developing innovative solutions for the country's growing tech industry.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Jul 2024

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Key Players

Most recent update: Feb 2025

Source: Statista Market Insights

Analyst Opinion

Austria, a country located in the heart of Europe, is known for its stunning landscapes and rich cultural heritage. However, the country is also home to a thriving software market that has been growing steadily over the years.

Customer preferences:
Austrian customers have shown a strong preference for software products that are user-friendly and easy to navigate. They also value software that is reliable and secure, especially when it comes to business applications. In addition, there is a growing demand for software products that are compatible with mobile devices, as more and more people are using smartphones and tablets to access information and perform tasks.

Trends in the market:
One of the key trends in the Austrian software market is the rise of cloud-based solutions. Many businesses are moving away from traditional on-premise software and are instead opting for cloud-based solutions that offer greater flexibility and scalability. Another trend is the increasing use of artificial intelligence and machine learning in software products, particularly in the areas of data analytics and automation. Finally, there is a growing emphasis on software products that are designed to enhance collaboration and communication, as more and more people are working remotely.

Local special circumstances:
Austria is a small country with a relatively small market, which means that local software companies often have to compete with larger international firms. However, this has also created opportunities for niche software providers who can offer specialized products and services. In addition, the country has a highly skilled workforce, particularly in the areas of engineering and technology, which has helped to fuel innovation in the software industry.

Underlying macroeconomic factors:
Austria has a stable and prosperous economy, which has helped to create a favorable environment for the software industry. In addition, the country has a strong tradition of innovation and entrepreneurship, which has helped to foster the growth of the software sector. Finally, the government has been supportive of the industry, offering incentives and funding for research and development, which has helped to drive innovation and growth.

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Technology

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

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Software development - statistics & facts

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

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