Key Market Indicators
Portuguese software revenue is projected to soar to €1.3 billion by 2028, up from €870 million in 2023. This represents an average annual growth rate of 6.5%. Since 2013, the Portuguese market has seen a steady increase, averaging 12% growth each year. In 2023, Portugal ranked 13th globally in software revenue, with Austria edging ahead at the same €870 million mark. Leading the rankings were Sweden, the United Kingdom, and Cyprus, occupying the second, third, and fourth positions, respectively.