System Infrastructure Software - Serbia

in Serbia, a country in Southeast Europe, is set to witness a remarkable growth in the System Infrastructure Software market.
According to projections, the revenue in this market is expected to reach US$44.62m in 2024.
This growth is anticipated to continue at an annual growth rate of 4.25% from 2024 to 2029, resulting in a market volume of US$54.94m by the end of the forecast period.
When comparing the global market, it is worth noting that United States is expected to generate the highest revenue.
In 2024, it is projected to reach a staggering US$80.08bn.
This emphasizes the dominance of the United States in the System Infrastructure Software market on a global scale.
Serbia's growing tech talent and favorable business environment make it an attractive destination for system infrastructure software companies.

Definition:

The System Infrastructure Software market covers the type of software solutions that are designed to help manage and maintain the underlying infrastructure that supports an organization's applications and data. This includes a wide range of tools and technologies that help manage the physical and virtual infrastructure, including operating systems, middleware, virtualization, networking, storage, and security.

Products in the System Infrastructure 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.

Examples in the System Infrastructure Software market include operating systems such as Microsoft Windows Server, Red Hat Enterprise Linux, and Ubuntu Server; virtualization software such as VMware and Hyper-V; networking software such as Cisco IOS and Junos OS; and storage software such as EMC VMAX and NetApp.

Additional Information:

The System Infrastructure Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the 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).

Key players in this market include Microsoft, RedHat, and Cisco.

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Operating system software, such as Microsoft Windows, Linux Operating System, and Apple macOS
Storage management software, such as AWS Storage Gateway, Azure Archive Storage, and Cisco UCS Manager
IT management software, such as ManageEngine OpManager, NinjaOne, and Freshservice
Security software, such as CrowdStrike, Palo Alto Networks, and Proofpoint
Consumer and enterprise spend, such as Airbase, Spendesk, and Procurify

Application development and deployment software, such as Android Studio, Microsoft Visual Studio, and Google Cloud Platform
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Infrastructure as a service (Iaas), such as Microsoft Azure, Alibaba Cloud, and DigitalOcean
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The demand for System Infrastructure Software in Serbia has been on the rise in recent years.

Customer preferences: Serbian customers are becoming increasingly aware of the benefits of modern technology, including the use of System Infrastructure Software. They are looking for solutions that can improve the efficiency of their businesses and increase their productivity. Additionally, there is a growing trend towards cloud-based solutions, which offer greater flexibility and scalability.

Trends in the market: One of the key trends in the System Infrastructure Software market in Serbia is the increasing adoption of open-source software. This is driven by the desire to reduce costs and increase flexibility. Another trend is the growing importance of cybersecurity, as businesses become more reliant on digital systems and data. This has led to an increased demand for software solutions that can protect against cyber threats.

Local special circumstances: Serbia is one of the fastest-growing IT markets in the Balkans, with a strong focus on innovation and entrepreneurship. The government has implemented several initiatives to support the growth of the IT sector, including tax incentives for tech startups. This has led to a thriving tech ecosystem, with a growing number of startups and SMEs operating in the System Infrastructure Software market.

Underlying macroeconomic factors: Serbia's economy has been growing steadily in recent years, with a focus on attracting foreign investment and promoting exports. The country's accession to the EU has also opened up new opportunities for businesses in the IT sector. These factors have contributed to the growth of the System Infrastructure Software market, as businesses look for solutions that can help them stay competitive in an increasingly globalized economy.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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