There are 2 Companies in Hungary
that provide Product Design Services!

Hungary is an open economy where particular emphasis is placed on encouraging foreign direct investments. Partnership with potential investors is a national priority, special attention is paid to the needs of already existing companies, and to the further development of the business climate. 

Starting with 2010, Hungary has put a lot of effort into developing the IT sector. Some of the best steps in this direction are: 

• Tax modifications and incentive system related to R&D activities

• Strategic partnership for local IT companies, as well as government projects 

• A dual education system based on the tech industry’s needs

• Adjusted the economical climate to the latest requirements of Industry 4.0

In Hungary, the added value generated by the IT sector was 5,18 billion Euros in 2019, and compared with 2017 and 2018, grew by 5% and respectively 7%, which confirms the steady ground the national IT industry stands on. Additionally, Hungarian IT companies have access to the vast EU digital market, which allows them to export services across Europe. 

The most popular IT services provided by Hungarian companies are Software development, Software engineering, and Cyber Security. However, in the last several years’ local companies focused also on app development and knew an increasing number of projects in the AR and VR branches. 

Why you should work with Hungarian IT companies

Even though the digital market is dominated by foreign IT companies ( 66% ), there are also local companies that are striving in providing cutting-edge technology services, which may compete in some places with US, German, and UK companies. For central Europe, this represents a big step ahead and provides cheaper alternatives to the same services for potential customers. 

In 2019, the value of Hungarian exported IT services reached 1.95 billion euros or 8.2% of the entire export value of the country. The numbers are expected to grow significantly due to foreign direct investments in the sector, which also grew by 19% in 2019-2020 Q1.

What you should pay attention to when working with Hungarian IT companies

Hungarian IT companies are not the best-known on the international market, so far. However their increased potential lately may lead to a market boom in the central European market, and many potential customers could turn their attention to this progressive alternative. But the main challenge the companies will possibly face is a lack of experience in working with big projects. In its turn, the lack of experience can lead to poor project management, late project delivery, or even poorly executed projects. 

How reliable are Hungarian IT companies

Hungarian IT companies don’t have a reputation for providing services in IT, which can turn both as an advantage and disadvantage for the companies. Depending on how well local IT companies will start performing on a larger scale, the reliability of companies will be appreciated. 

How does the Hungarian IT sector relate to the neighboring countries

The V4 countries are working together in many areas including in the IT sector. Companies from these countries benefit from facilities and eased access on national markets, but, they also compete. 

In these regards, Hungary is the 2nd growing country in the IT sector in the group of 4, straight after Poland, which already took the lead with an advantage of 35%. 

Outside the V4 group, Romania and Ukraine are also countries that are direct competitors with the Hungarian IT sector. It is still uncertain whether Hungary, Ukraine, Poland, or Romania will become the largest central-European hub in the EU, and generally, in Europe. 

Product Design service is the process of creating a product that includes everything from market research, ideation, and conceptualization, to prototyping, manufacturing, and testing new products.  On the one hand product design help businesses bring new products to market on the other hand help them to improve the quality of their existing products and make them more user-friendly.

Understanding the user needs and making sure the product meets those needs is the key element in a product design service.

According to a survey conducted by McKinsey, businesses that prioritize design in their product development process tend to outperform their competitors by 2:1 on the revenue growth rate. Did you know that? 

Let's see what other advantages product design services have. 

A well-designed product:

• Makes differentiation from competitors

• Increases brand awareness

• Grows profitability

• Improves user experience

In this way, businesses benefit from product design services as they can help create products that are both functional and aesthetically pleasing.

It is interesting to know that consumer electronics, software, industrial products, medical devices, and furniture are the most popular items within product design services.

And now,  how to choose the right product design company to ensure the best result? By following these tips, you will be able to make an easier decision

1. Check their portfolio and experience, and ask for examples of past works

2. Make sure they have an excellent team of experienced designers and engineers.

3. Inquire about their design process and methodologies

4. Make sure the company has a good understanding of your needs

5. Seek testimonials or references from past clients

6. Compare more companies' offers before making a decision.

To make your choice even easier, we invite you to explore Design Product companies on the TechBehemoths platform. With the help of intelligent filters, you can find faster the right product design company that will help you create a successful product.

On TechBehemoths there are over 1,362 product design companies in various parts of the world so you can choose the right one. Alternatively, you can submit your project and our team will make the search for you within an hour. The best part is that it’s free of charge and you are not obligated to hire any of these companies.