System Infrastructure Software - Belgium

Belgium

Belgium's System Infrastructure Software market is projected to witness a significant growth in revenue, with an estimated value of US$0.82bn by 2024.
The market is expected to experience a steady annual growth rate (CAGR 2024-2029) of 0.72%, ultimately reaching a market volume of US$0.85bn by 2029.
When compared globally, United States is anticipated to generate the highest revenue in the System Infrastructure Software market, with an impressive value of US$80,080.00m in 2024.
Belgium has seen a significant rise in demand for system infrastructure software, driven by the country's strong IT industry.

Key regions: France, Australia, China, Japan, Canada

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Analyst Opinion

The System Infrastructure Software market in Belgium has been experiencing steady growth in recent years.

Customer preferences: Belgian businesses are increasingly adopting cloud-based solutions, which has led to a rise in demand for System Infrastructure Software that supports cloud computing. Additionally, there is a growing preference for software that offers automation, security, and scalability.

Trends in the market: One of the major trends in the System Infrastructure Software market in Belgium is the shift towards Software-as-a-Service (SaaS) models. This is driven by the need for cost-effective solutions that can be easily deployed and managed. Another trend is the adoption of hyper-converged infrastructure (HCI), which combines storage, computing, and networking into a single system. This approach offers improved performance, scalability, and reduced complexity.

Local special circumstances: Belgium is home to a large number of small and medium-sized enterprises (SMEs), which make up the majority of the country's businesses. These companies often have limited IT budgets and resources, which has led to a preference for cloud-based solutions that offer cost savings and ease of deployment. Additionally, the country's central location in Europe has made it an attractive location for data centers, which has further boosted demand for System Infrastructure Software.

Underlying macroeconomic factors: Belgium has a highly developed economy and is home to a number of multinational corporations. This has led to a strong demand for enterprise-level System Infrastructure Software solutions. Additionally, the country has a highly skilled workforce and a favorable business environment, which has attracted a number of technology companies to establish a presence in the country. These factors have contributed to the growth of the System Infrastructure Software market in Belgium.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. 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.