Key Market Indicators
Lithuania's software revenue is projected to hit €160 million by 2028, up from €103 million in 2023. This marks an average annual growth rate of 6.8%. Since 2013, Lithuania's software market has grown consistently, with an average yearly increase of 12.7%. In 2023, Lithuania ranked 19th globally in software revenue, matching Luxembourg's €103 million. Sweden, the United Kingdom, and Cyprus secured the second, third, and fourth spots, respectively, in this revenue ranking.
