A large number of companies operate in the sector of software and IT Services, the majority of which are small sized. The largest sector companies provide a wide range of IT services, while some of them are subsidiaries of multinational IT companies.
The total value of Software sales in the domestic market in 2019 increased by 2.9% compared to 2018. This market has showed a continuous increase since 2014 and in 2019 it increased by approximately 21% compared to 2013.
Application Software is the dominant category in the domestic market of software with a share of 67%, while the remaining 33% regards Systems Software.
The market of IT Services consists of services such as IT Consulting, System Integration, Network Consulting and Integration Services, Custom Application Development, Outsourcing etc.
During the period 2010-2013, the market of IT Services registered a fall with an average annual rate of -2%. The examined market reported has followed an upward trend from 2014 onwards (2019/2013: +12.7%).