Key Market Indicators
Hungarian software revenue is projected to climb to approximately €561 million by 2028, up from an estimated €505 million in 2023. This growth represents an average annual increase of 1.6%. Despite the positive outlook, the Hungarian software market has experienced a decline of 1.2% year on year since 2013. In the competitive landscape of 2023, Hungary ranked 15th in software revenue, with Poland surpassing it by reaching €505 million. The top spots in the ranking were claimed by Sweden, the United Kingdom, and Cyprus, which held the 2nd, 3rd, and 4th positions, respectively.
