Characteristics of the Software Industry in Serbia

Živković, Lazar and Kutlača, Đuro and Kleibrink, Alexander and Štrbac, Dijana (2018) Characteristics of the Software Industry in Serbia. Ekonomika preduzeća, 66 (3/4). pp. 226-236. ISSN 0353-443X

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Abstract

The objective of this paper is to identify the main characteristics of the software industry in Serbia, its strengths and challenges, as well as trends that are likely to influence this sector in the future. The study presents results of a survey of the software sector in Serbia conducted by the Institute Mihajlo Pupin from November 2017 to January 2018. Despite the huge regional disparities in the distribution of turnover between regions in Serbia, the software industry has been the most dynamic and fastest growing sector in Serbia in the last decade. There are many challenges regarding legal and financial framework conditions, taxation, legislation and online payment that need to be addressed by the Government of Serbia in order to create a friendly environment for this sector. The potential of the software industry is recognized and substantial support (both political and financial) from the Government is expected in the upcoming period. Respondents forecast further growth of the software industry and high demand for highly qualified staff.

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