Market Share of Hungary ICT Industry
The Hungarian ICT market is highly competitive, owing to the presence of several global players. These players are focusing on further expanding their client base across the country and are adopting both organic and inorganic growth strategies. The companies are leveraging strategic collaborative initiatives, acquisitions, and product launches to increase market share and profitability.
- May 2024: IBM partnered with Salesforce, merging IBM's Watson AI and Data Platform with Salesforce's Einstein Platform. This collaboration aims to offer customers enhanced flexibility in deploying AI and data solutions, empowering teams to seamlessly make data-driven decisions within their workflow.
- February 2024: Cisco partnered with NVIDIA and announced plans to deliver AI infrastructure solutions for data centers that are easy to deploy and manage. These solutions will enable the massive computing power that enterprises need to succeed in the AI era.
Hungary ICT Market Leaders
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IBM Corporation
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Tata Consultancy Services
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Cognizant Technology Solutions
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SAP SE
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Oracle Corporation
*Disclaimer: Major Players sorted in no particular order
