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Lithuania's IT market is a thriving ecosystem of innovation, valued at a cool US$1.6 billion in 2023. It's projected to grow at a steady 4.5% rate, reaching a remarkable US$2.2 billion by 2027. This growth is fueled by Lithuania's highly educated workforce, a strong focus on research and development, and a supportive government environment.
The Lithuanian government is a frontrunner in embracing technology, spending a significant US$120 million annually on IT products and services. They're like tech early adopters, always seeking the latest advancements in cloud computing, artificial intelligence, and cybersecurity. Think of them as tech pioneers, leading the way towards a digital future.
The Lithuanian government's tech wishlist is long and ambitious. They can't resist software development, IT consulting, and systems integration. But they're also hooked on cybersecurity shields and e-government solutions. It's a tech feast, and the government's got a hearty appetite!
These are the tech masterminds steering Lithuania's digital transformation:
Ministry of Economy and Innovation (MTEK)
Ministry of Finance (MoF)
Information Technology and Communication Department (TAIS)
Public procurement agencies and local authorities
The Lithuanian IT procurement scene is a competitive arena, but some warriors have emerged victorious:
CGI Lithuania
Teltonika
Atos Lithuania
Microsoft Lithuania
IBM Lithuania
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