System Infrastructure Software - North Macedonia

North Macedonia

Revenue in the System Infrastructure Software market is projected to reach US$12.01m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.11%, resulting in a market volume of US$14.11m 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

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Currency

Analyst Opinion

The System Infrastructure Software market in North Macedonia is a growing market with increasing demand for cloud-based solutions.

Customer preferences: Customers in North Macedonia are increasingly looking for cloud-based solutions that can offer flexibility, scalability, and cost-effectiveness. This is driving the demand for System Infrastructure Software that can support cloud-based infrastructure.

Trends in the market: The System Infrastructure Software market in North Macedonia is witnessing a trend of increasing adoption of cloud-based solutions. This is driven by the need for flexibility and scalability, as well as the cost savings that can be achieved through cloud-based infrastructure. As a result, there is a growing demand for System Infrastructure Software that can support cloud-based infrastructure.

Local special circumstances: North Macedonia is a small market with a relatively small IT industry. However, the country has a growing startup ecosystem, which is driving demand for System Infrastructure Software that can support innovative solutions. Additionally, the country is investing in digital transformation, which is creating opportunities for System Infrastructure Software providers to offer solutions that can support this transformation.

Underlying macroeconomic factors: North Macedonia is a developing country with a relatively low GDP per capita. However, the country has a young and educated population, which is driving the growth of the IT industry. Additionally, the country has a strategic location in the Balkans, which makes it an attractive destination for foreign investment. These factors are driving the growth of the System Infrastructure Software market in North Macedonia.

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.