Key Market Indicators
Serbia's software revenue is projected to surge to approximately €32 million by 2028, up from around €21 million in 2023. This marks an average annual growth rate of 7.2%. From 2019, the Serbian market has experienced an annual growth rate of 15.4%. In the 2023 rankings, Serbia secured the 24th position. Croatia surpassed Serbia with a similar revenue of about €21 million. Leading the rankings were Sweden, the United Kingdom, and Cyprus, occupying the second, third, and fourth spots, respectively.