European Software Trends in 2024
Software is part of ICT and includes a number of sub-sectors such as SaaS, Software Development, Application, Enterprise Software and Infrastructure Software. You may also be interested in Telecom and IT Services.
European software revenue is projected to hit €61 billion by 2028, up from €51 billion in 2023, marking an average annual growth rate of 2.9%. Since 2019, the European market has seen an annual increase of 5.3%. In 2023, France led the continent in software revenue, generating €18 billion. Trailing behind were Sweden, the United Kingdom, and Cyprus, which secured the second, third, and fourth spots respectively. Notably, Cyprus experienced a significant annual growth rate of 39%. In contrast, Greece's software revenue has declined by 11% annually since 2019.
Top 10 countries
In 2024 major markets in the Software Industry were:
World Software Market Data and Forecasts
How much the Software industry is expected to grow to 2028?
More in Software Industry for 2028Global Software Statistics
- Number Of Employees 207 countries (Europe, Northern Europe, Southern Europe...)
- Educational Attainment 85 countries (Europe, Northern Europe, Western Europe...)
- Software Revenue 55 countries (Europe, Northern Europe, Southern Europe...)
- Textile Production 97 countries (Europe, Northern Europe, Eastern Europe...)
- SaaS Penetration 3 countries (Netherlands, Western Europe, Europe...)
- Gross Domestic Expenditure On R&D 105 countries (Europe, Eastern Europe, Northern Europe...)
- Software Price 47 countries (Europe, Southern Europe, Northern Europe...)
- Government Expenditure On R&D 138 countries (Europe, Northern Europe, Eastern Europe...)
- Higher Education Expenditure On R&D 81 countries (Europe, Northern Europe, Eastern Europe...)
- Business Enterprise Expenditure On R&D 85 countries (Europe, Eastern Europe, East Asia...)