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Lithuania's Information and Communication Technology (ICT) sector is projected to witness significant growth over the next five years. Revenue in the industry is expected to rise to approximately €6 billion by 2028, up from around €4.5 billion in 2023. This marks an average annual growth rate of nearly 5%. Historical data shows that since 2010, Lithuania's ICT market has expanded at an impressive average annual rate of about 11%. In 2023, Lithuania ranked 27th globally in ICT revenue, with Croatia surpassing it by reaching the same figure of €4.5 billion. Meanwhile, leading the rankings were the United Kingdom, Ireland, and France, occupying the second, third, and fourth spots, respectively.

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