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System Infrastructure Software - Lithuania

Lithuania
  • The projected revenue for Lithuania in the System Infrastructure Software market is expected to reach US$39.36m in 2025.
  • This forecast indicates a steady annual growth rate (CAGR 2025-2029) of 1.03%, leading to a market volume of US$41.00m by 2029.
  • In comparison to other countries, United States is projected to generate the highest revenue of US$80.63bn in 2025.
  • Lithuania has emerged as a hub for system infrastructure software development, attracting global tech companies due to its highly skilled workforce and favorable business environment.

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: Mar 2024

SOURCE: Statista Market Insights

Analyst Opinion

The System Infrastructure Software market in Lithuania has been undergoing significant changes in recent years.

Customer preferences:
Lithuanian companies are increasingly turning to cloud-based solutions for their IT infrastructure needs, which is driving demand for System Infrastructure Software. Additionally, there is a growing interest in automation and artificial intelligence, which is leading to the adoption of more advanced software solutions.

Trends in the market:
One trend that is emerging in the Lithuanian System Infrastructure Software market is the increasing demand for software-defined infrastructure solutions. These solutions allow companies to manage their IT infrastructure more efficiently and cost-effectively, which is particularly important for small and medium-sized enterprises. Another trend is the growing popularity of open-source software, which is being used by an increasing number of Lithuanian companies.

Local special circumstances:
Lithuania has a highly skilled IT workforce, which has helped to drive innovation in the System Infrastructure Software market. Additionally, the country has a favorable business environment, with low taxes and a supportive government. This has encouraged the growth of start-ups and small businesses, which are driving demand for System Infrastructure Software.

Underlying macroeconomic factors:
Lithuania has a strong economy, with a high level of foreign investment and a well-developed IT sector. The country is also a member of the European Union, which has helped to drive growth in the System Infrastructure Software market by providing access to a larger market and facilitating the exchange of ideas and expertise. Overall, the System Infrastructure Software market in Lithuania is expected to continue to grow in the coming years, driven by these underlying macroeconomic factors and the changing preferences of Lithuanian companies.

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. 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.

Technology

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Software: market data & analysis  - BackgroundSoftware: market data & analysis  - Cover

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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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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