Key Market Indicators
Icelander Software Revenue is projected to hit €9 million by 2028, a marginal increase from the €8.9 million anticipated in 2023, indicating a stagnant growth rate. Since 2019, the Icelander market has seen an average annual growth of 2.4%. In 2023, Iceland was ranked 27th globally, with Bosnia and Herzegovina surpassing it by securing €8.9 million. Leading the chart, Sweden, the United Kingdom, and Cyprus claimed the second, third, and fourth spots, respectively.