Key Market Indicators
Serbia's IT services export sector is projected to soar to approximately €7.4 billion by 2028, marking a significant rise from €4.1 billion in 2023. This growth, averaging 9.2% annually, underscores the robust expansion of the country's tech industry. Since the turn of the millennium, Serbia's IT services supply has surged by nearly 20% each year. In the global rankings for 2023, Serbia secured the 23rd position, with Cyprus just ahead, also reporting €4.1 billion in exports. Topping the list, France, the United Kingdom, and Italy held the second, third, and fourth spots respectively, highlighting the competitive landscape of IT services export in Europe. Serbia's impressive growth trajectory reflects its increasing prominence in the global IT market, positioning it as a key player to watch in the coming years.
