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Key regions: United States, Canada, Germany, China, Japan
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
in trillion USD (US$)
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
in percent
Most recent update: Mar 2024
Source: Statista Market Insights
The Czech Republic, known for its beer, beautiful architecture, and rich cultural heritage, is also a hub for technology and innovation. The software market in Czechia has been experiencing steady growth over the years, with a surge in demand for cloud-based software solutions.
Customer preferences: Czechia has a highly skilled workforce, and companies are looking for software solutions that can help them streamline their operations and increase efficiency. There is a growing demand for cloud-based software solutions, as they offer greater flexibility and scalability. Customers are also looking for software that is easy to use and can integrate with their existing systems.
Trends in the market: The software market in Czechia is witnessing a shift towards cloud-based solutions, with more and more companies adopting Software-as-a-Service (SaaS) models. This trend is driven by the need for greater flexibility and scalability, as well as the lower upfront costs associated with cloud-based solutions. Another trend in the market is the growing demand for mobile applications, as more and more people are using their smartphones and tablets for work and personal use.
Local special circumstances: Czechia has a vibrant startup ecosystem, with many innovative companies emerging in recent years. This has led to a growing demand for software solutions that can help these startups scale and grow. The country also has a strong manufacturing sector, and there is a need for software solutions that can help automate and optimize production processes.
Underlying macroeconomic factors: The Czech Republic has a stable economy, with a high level of foreign investment. The country is also strategically located in the heart of Europe, making it an attractive destination for companies looking to expand into the region. The government has been supportive of the technology sector, offering tax incentives and other benefits to companies operating in the country. These factors have contributed to the growth of the software market in Czechia.
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
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.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)