Office Software - Hungary

  • Hungary
  • Revenue in the Office Software market is projected to reach US$38.74m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.74%, resulting in a market volume of US$46.63m by 2028.
  • In global comparison, most revenue will be generated in the United States (US$14,770.00m in 2024).

Key regions: China, Netherlands, Japan, South Korea, Australia

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Office Software market in Hungary has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences:
Hungarian customers have shown a growing preference for cloud-based office software solutions, as they offer greater flexibility and ease of use compared to traditional desktop software. Additionally, there has been a trend towards software suites that offer a wide range of features, such as collaboration tools, project management, and customer relationship management.

Trends in the market:
One key trend in the Hungarian Office Software market is the increasing adoption of mobile solutions. With more people working remotely or on-the-go, mobile-friendly software has become increasingly important. Another trend is the rise of artificial intelligence and machine learning in office software, which is helping to automate routine tasks and improve productivity.

Local special circumstances:
Hungary's relatively low labor costs and highly skilled workforce have made it an attractive destination for software development and outsourcing. This has led to the growth of a thriving software industry, with many companies specializing in office software solutions. Additionally, Hungary's central location in Europe makes it an ideal hub for companies looking to expand into other European markets.

Underlying macroeconomic factors:
Hungary's strong economic growth and stable political environment have created a favorable business climate for software companies. Additionally, the country's membership in the European Union has helped to facilitate trade and investment, making it easier for companies to do business in the region. Overall, the Office Software market in Hungary is expected to continue growing in the coming years, driven by ongoing technological innovation and increasing demand for cloud-based solutions.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)