Key Market Indicators
Hungary's IT services export is projected to soar to €11.6 billion by 2028, marking a substantial rise from the €7.8 billion anticipated in 2023. This growth represents an average annual increase of 6.3%. Since the turn of the millennium, Hungary's IT services export supply has experienced a remarkable average annual growth rate of 11.4%. Despite this impressive expansion, Hungary was ranked 19th globally in 2023. In a notable shift, Bulgaria surpassed Hungary with IT services exports also valued at €7.8 billion. France, the United Kingdom, and Italy secured the second, third, and fourth positions respectively in the global ranking for IT services exports.
