System Infrastructure Software - Bosnia and Herzegovina

Bosnia and Herzegovina

Revenue in the System Infrastructure Software market is projected to reach US$37.02m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.99%, resulting in a market volume of US$41.65m by 2028.
In global comparison, most revenue will be generated in the United States (US$74,880.00m in 2024).

Key regions: Japan, United States, United Kingdom, Australia, France

Market

Region

Region comparison

Currency

Analyst Opinion

The System Infrastructure Software market in Bosnia and Herzegovina has been experiencing steady growth in recent years.

Customer preferences: Customers in Bosnia and Herzegovina are increasingly demanding more efficient and effective IT solutions to support their businesses. As such, there has been a growing demand for System Infrastructure Software that can provide businesses with better data management, security, and scalability.

Trends in the market: One of the key trends in the System Infrastructure Software market in Bosnia and Herzegovina is the adoption of cloud-based solutions. This trend is being driven by the need for businesses to access their data from anywhere, at any time, as well as the desire for more cost-effective IT solutions. In addition, there has been a growing interest in open-source software solutions, which offer businesses greater flexibility and customization options.

Local special circumstances: The IT industry in Bosnia and Herzegovina is still relatively small, and as such, there is a shortage of skilled IT professionals. This has led to a growing trend of outsourcing IT services to neighboring countries, such as Serbia and Croatia. Additionally, the country's complex political and economic situation has also had an impact on the IT industry, with some businesses hesitant to invest in new IT solutions due to uncertainty about the future.

Underlying macroeconomic factors: Bosnia and Herzegovina is a developing country, and as such, there is a growing need for businesses to modernize their IT infrastructure in order to remain competitive. In addition, the country's membership in the EU has opened up new opportunities for businesses to expand into other European markets, which has further increased the demand for System Infrastructure Software. However, the country still faces a number of economic challenges, including high levels of unemployment and a significant trade deficit, which could impact the growth of the System Infrastructure Software market in the future.

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.