Custom Software Development in India for Spanish Companies

Spain's IT Services Market Is Growing Faster Than Many People Realise

Spain’s technology market is not just recovering; it is growing very fast. As per the research and market reports, Spain’s ICT market was worth $62.33 billion in 2025 and was expected to grow to $97.72 billion by 2031, which means a 7.62% CAGR during this period. IT services accounted for 38.23% of the total market revenue in 2025, making it the largest category in the market. Cybersecurity is also expected to grow fast, with an 8.18% CAGR through 2031.

This growth is not small. A market that is growing 7-8% every year for six years shows high demand for software and IT services, instead of a short-term increase.

What's actually driving that growth

A large part of the growth is coming from businesses' digitalisation for the first time, not only from established companies that are expanding now. By the end of 2025, 34% of Spain's SMEs had adopted cloud technology. Around 710,000 digitalisation vouchers, which are worth almost €2.9 billion, were also distributed to pay for digitalisation. With this, some sectors also supported the market, such as public-sector digitalisation, 5G deployment and growing demand for managed IT services. This means that many of the Spanish companies are building their software and IT capabilities from the start, especially small and mid-sized businesses. Many times, their timelines are driven by funding programs instead of how fast they can build the engineering team.

Why that combination strains in-house capacity

A market that grows this fast creates a challenge. Many SMEs are moving towards digitalisation that means their needs can grow more, for software development instead of building a whole internal team. This may create problems for small businesses, as they don’t have a technical team that can expand. Because of all these numbers, it can be expected that more Spanish companies, especially businesses that recently got funding and want to move forward as fast as they can, will look to external development partners for building software. Working with external partners can help them build software on the correct timeline instead of waiting to hire locally and train them from the start.

How EICE Technology supports Spanish companies building software

As an Indian IT company, we work with organisations that want to build software capacity as their business grows, rather than at the pace that local hiring allows. Our teams have hands-on experience in custom software development, cloud application development, and scalable digital products. We follow a structured process that is supported by ISO 27001 and ISO/IEC 20000 certifications, with CMMI Level 3 and ISO 9001. See more on our Services page.