System Infrastructure Software - Portugal

Portugal

The System Infrastructure Software market in Portugal is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is projected to reach US$186.00m by 2024.
This growth is expected to continue, with an annual growth rate (CAGR 2024-2029) of 0.72%.
As a result, the market volume is anticipated to reach US$192.80m by 2029.
In global comparison, United States is expected to dominate this market segment, generating the highest revenue of US$80,080.00m in 2024.
Portugal's system infrastructure software market is experiencing a surge in demand due to the country's growing technology sector.

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

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Analyst Opinion

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

Customer preferences: Portuguese customers have been showing a growing preference for cloud-based infrastructure solutions, as they offer greater flexibility and scalability. Additionally, there has been a rising demand for security software solutions, as companies seek to protect their data from cyber attacks.

Trends in the market: One of the major trends in the System Infrastructure Software market in Portugal is the increasing adoption of Software as a Service (SaaS) solutions. This is due to the many benefits that SaaS offers, such as lower costs, automatic updates, and easy scalability. Another trend is the growing popularity of open-source software, which is often seen as a more cost-effective alternative to proprietary software.

Local special circumstances: Portugal is a relatively small market compared to other European countries, which means that there are fewer large companies operating in the country. This has led to a greater focus on small and medium-sized enterprises (SMEs), which make up the majority of businesses in Portugal. As a result, there has been a growing demand for infrastructure software solutions that are tailored to the needs of SMEs.

Underlying macroeconomic factors: The Portuguese economy has been growing steadily in recent years, which has led to an increase in business investment. This has had a positive impact on the System Infrastructure Software market, as companies look to invest in solutions that can help them to grow and scale their operations. Additionally, the government has been investing in digital infrastructure, which has helped to create a more favorable environment for technology companies operating in Portugal.

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.