Key Market Indicators
The software revenue in Luxembourg is projected to climb to approximately €268 million by 2028, up from around €257 million in 2023. This growth represents an average annual increase of 0.6%. Since 2013, Luxembourg's software market has shown a steady rise, with an average annual growth rate of 1.3%. In the 2023 rankings, Luxembourg held the 18th position. Italy surpassed Luxembourg with software revenue also estimated at €257 million. Leading the European market, Sweden, the United Kingdom, and Cyprus secured the top three spots, respectively.
