Software Development in Lithuania - Market Research Report (2014-2029)

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers.