How big is the Hungary ICT Market?

The Hungary ICT Market size is expected to reach USD 31.59 billion in 2024 and grow at a CAGR of 11.41% to reach USD 54.23 billion by 2029. Read More

What is the current Hungary ICT Market size?

In 2024, the Hungary ICT Market size is expected to reach USD 31.59 billion. Read More

Who are the key players in Hungary ICT Market?

IBM Corporation, Tata Consultancy Services, Cognizant Technology Solutions, SAP SE and Oracle Corporation are the major companies operating in the Hungary ICT Market. Read More

What years does this Hungary ICT Market cover, and what was the market size in 2023?

In 2023, the Hungary ICT Market size was estimated at USD 27.99 billion. The report covers the Hungary ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hungary ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hungary ICT Market Size & Share Analysis - Industry Research Report

Hungary ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Hungary ICT Market Report is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), Size of Enterprise (Small and Medium Enterprise and Large Enterprise), and Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Report Provides the Market Sizes and Forecasts in Terms of Value in USD.

Hungary ICT Industry Overview

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.