System Infrastructure Software - Lithuania

Lithuania

The projected revenue for Lithuania in the System Infrastructure Software market is expected to reach US$38.86m in 2024.
This forecast indicates a steady annual growth rate (CAGR 2024-2029) of 1.08%, 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$80,080.00m in 2024.
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.

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

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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.

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.