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Thriving and Expanding: Lithuania's software services market is booming, with projected revenue to reach $217.63 million by 2028. This represents a remarkable 32.67% growth over the next five years.
Government Procurement Drives Growth: Government procurement plays a significant role in the Lithuanian software services market. Government agencies actively invest in software solutions to improve efficiency and citizen services.
Key Products and Services: The government primarily procures software services for system development, IT integration, maintenance and support, and cloud computing. Customized software solutions and cybersecurity services are also in high demand.
Top Procurement Authorities: The Central Public Procurement Office (CPPO) is the primary authority responsible for government procurement in Lithuania. Other important authorities include the Ministry of Finance, the Ministry of Economy and Innovation, and various municipalities.
Leading Winners: Major players in the Lithuanian software services market, like Teltonika, Algoritmų Sistemos, and BAIP, are frequent winners of government procurement projects.
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