System Infrastructure Software - Bulgaria

Bulgaria

Revenue in the System Infrastructure Software market is projected to reach US$59.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.08%, resulting in a market volume of US$64.71m 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

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Analyst Opinion

The demand for System Infrastructure Software in Bulgaria has been on the rise in recent years.

Customer preferences: Bulgarian businesses have been increasingly adopting cloud computing and virtualization technologies, which has led to a higher demand for System Infrastructure Software. This software helps businesses manage their IT infrastructure more efficiently, which is particularly important for companies that rely heavily on technology.

Trends in the market: One of the key trends in the System Infrastructure Software market in Bulgaria is the shift towards cloud-based solutions. Many businesses are moving away from traditional on-premise software and are instead opting for cloud-based solutions, which offer greater flexibility and scalability. Additionally, there has been a growing demand for software that can help businesses manage their data more effectively, particularly in light of the increasing amount of data that is being generated.

Local special circumstances: Bulgaria has a thriving tech industry, with a number of startups and established tech companies operating in the country. This has helped to drive the demand for System Infrastructure Software, as businesses look for ways to stay competitive in a rapidly-evolving market. Additionally, the Bulgarian government has been investing heavily in technology infrastructure, which has helped to create a favorable environment for tech companies to grow and thrive.

Underlying macroeconomic factors: Bulgaria has experienced steady economic growth in recent years, which has helped to create a favorable environment for businesses to invest in technology. Additionally, the country has a highly-educated workforce, with a large number of IT professionals who are well-equipped to support the growing demand for System Infrastructure Software. Overall, the combination of a favorable business environment, a thriving tech industry, and a highly-educated workforce has helped to drive the growth of the System Infrastructure Software market in Bulgaria.

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.