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Luxembourg's software services market is experiencing significant growth, with revenue expected to reach US$1,037 million in 2023 and a projected CAGR of 7.43% between 2023 and 2028. This growth is driven by factors such as: Strong government support for the IT sector: The government has implemented various initiatives to promote the development of the IT sector, including tax breaks and investment funds.
High demand for software services from key industries: Industries such as finance, logistics, and healthcare are driving the demand for software services in Luxembourg.
Growing adoption of cloud-based solutions: Cloud-based solutions are becoming increasingly popular in Luxembourg, as they offer businesses greater flexibility and scalability.
Market segments: IT consulting, application development, systems integration, infrastructure management, and cloud computing
Luxembourg Software Services Government Procurement
The Luxembourg government is a major buyer of software services. In 2022, the government spent over €100 million on software and IT services. This spending is expected to continue to grow in the coming years.
Main software services products and services procured by Luxembourg government:
Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM)
Business Process Management (BPM)
Cybersecurity solutions
Cloud computing services
Data analytics and artificial intelligence (AI) solutions
Top authorities for Luxembourg software services procurement:
Centre des technologies de l'information de l'État (CTIE): The CTIE is responsible for the government's IT infrastructure and services.
Service central de l'organisation et de la rationalisation administrative (SCORA): The SCORA is responsible for government procurement.
Ministère du numérique et de la réforme administrative (MDR): The MDR is responsible for the government's digital transformation strategy.
Top winners of Luxembourg software Services procurement:
PwC Luxembourg
Deloitte Luxembourg
KPMG Luxembourg
EY Luxembourg
CGI Luxembourg
Luxinnovation
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