This publication will be a valuable manual for those who are interested in Serbian ICT, from public administration to investors and companies – everyone will find something of interest.
The study provides a good overview of the situation in today’s most promising sector. The sixth edition of the study comes out after one global crisis and before potentially another one, so it is interesting to see how Serbian IT manages in those circumstances and what are the forecasts for the future.
It has been estimated that in 2021 Serbian IT market reached €736 million, with an annual growth of 9%. For the four years in a row, the domestic IT market has recorded permanent growth at the rate slightly higher than 10% and is currently at its historic maximum. Total IT spending is projected to exceed €950 million by 2025, based on a four-year CAGR of 7%. Like other developing markets in the CEE region, the Serbian IT market continues to move towards software and services.
Other statistics and detailed analysis of the business environment in Serbia, IT sectors, tech entrepreneurship ecosystem, and tech education can be found in the report, available for free on the following link.
