Software - Slovenia

Slovenia

In 2024, the projected revenue in the Software market in Slovenia is expected to reach US$231.30m.
The dominant player in this market segment is Enterprise Software , with a projected market volume of US$96.13m in the same year.
Looking ahead, the revenue is anticipated to display an annual growth rate (CAGR 2024-2029) of 4.81%, resulting in a market volume of US$292.50m by 2029.
When comparing globally, United States is projected to generate the highest revenue, amounting to US$363.40bn in 2024.
Slovenia's software market is booming with a focus on innovative AI technologies and a strong emphasis on cybersecurity.

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Analyst Opinion

The Slovenian software market has been experiencing steady growth in recent years, driven by several factors.

Customer preferences: Slovenian customers have shown a growing demand for software products that are tailored to their specific needs. This has led to an increase in the development of customized software solutions by local software companies. Additionally, there has been a shift towards cloud-based software solutions, as customers seek more flexible and scalable options.

Trends in the market: One of the key trends in the Slovenian software market is the growth of the gaming industry. Slovenia has a vibrant gaming community, with several local game development companies and a growing number of gamers. This has led to an increase in the development of gaming software and related technologies. Another trend is the rise of software solutions for the healthcare sector, as the demand for digital health services continues to grow.

Local special circumstances: Slovenia has a highly educated workforce, with a strong focus on technology and innovation. This has led to the development of a thriving tech ecosystem, with several successful startups and established software companies. Additionally, Slovenia's strategic location in Europe has made it an attractive destination for foreign investors looking to tap into the European market.

Underlying macroeconomic factors: The Slovenian economy has been growing steadily in recent years, with a focus on innovation and technology. This has led to increased investment in the tech sector, including the software market. Additionally, Slovenia's membership in the European Union has provided access to a wider market and increased opportunities for international trade and investment. The government has also been supportive of the tech sector, providing funding and incentives for startups and established companies.

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.