In 2011 Serbian IT market declined by 24.8% to EUR 410 mln from its peak in 2008, amounting to EUR 545 mln. The revenue of the IT industry in 2010 stood at RSD 2,402 mln (EUR 22.8 mln), down by 3.14% from the previous year. Serbia's export of IT services and software reached USD 200 mln in 2011.
The Serbian IT industry is concentrated in three cities - Belgrade, Novi Sad and Nis and more than 50% of all companies are in Belgrade. The Serbian Chamber of Commerce registered 1,750 IT companies in 2010.