Top 15+ Software Companies in Budapest

The amount you need to spend to start a software development business will vary depending on the type of company you want to create, the services you intend to offer, and where you plan to run the business. Start-up costs for software companies range from $30,000 to $150,000, depending on the business scale, when taking into account office space, computers, software and marketing materials, employee wages, and tax due on your income.

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Understanding what software companies do first requires mastering the concepts of 'software' and 'software development'.

Software is a field that covers the codes used to create programs and the management of these codes so that mobile devices and computers can perform their operations and tasks for certain purposes. In short, thanks to the software, commands are given to the technological devices and they are told what to do.

Software development, on the other hand, is the process of understanding, identifying, designing, programming, documenting, testing, and fixing bugs involved in the creation and development of software components.

A software company is a company that carries out all these works in a professional way. A software company designs and develops custom software applications and tools that help solve problems or achieve a specific result.

When running a project with a software company, they can accompany you from start to finish. From the maintenance of the produced product to the generation of ideas, a software company has the knowledge and experience to meet your needs.

At some point in your project's development process, you may find that your project needs more experts than you expected, and you may have to work with a lot of freelancers. At this point, working with a full-fledged software company will be useful for you. Instead of being your HR, you can rely on the software company you're collaborating with to do the appropriate team expansions.

The team at the software company you work for will have a project manager and this person will have taken many responsibilities from you. You may not want to spend time on tasks such as coordinating daily project-related activities, and the project manager will come to your aid at this point. As a business partner, you can stay in constant contact with them and receive updates, meeting minutes, and reports.

A software team that has been with you from the beginning of your project and has extensive knowledge about your product will provide you with the best service when your product needs updating or routine maintenance.

As 'Software Company Network', we are doing research so that you can find quality software companies. You can explore the profile pages of the companies we found for you through our site. We also list the companies closest to you on our website.

Some of the services of software companies fall under the service area of IT companies. However, the main difference between software companies and IT companies is that software companies produce, modify or maintain valuable products while IT companies have the task of creating, updating, or maintaining the IT infrastructure. IT companies are companies that make all systems, devices and software work together to help individuals complete tasks.

Software companies mainly develop, distribute and maintain software. IT companies encompass any job related to computer operation or development where software is a crucial part.

It is possible to say that software companies usually have an annual income or a value between 2 times their annual income.

If the company has stalled growth, has a small market share, and has legacy technology, it will likely be worth much less than its annual revenue. But if the company has the latest technologies, is growing rapidly, and has a large share of the market, then it can be worth more than twice its annual revenue. However, most software companies are probably worth between 1 and 2 times their annual revenue.

We wouldn't be lying if we say that software companies keep the university degree a little bit more in the background when hiring compared to other types of companies. Although this situation differs from company to company, generally anyone who understands programming can easily work in these companies.

In addition, when we look at the people working in software companies; We can easily see that people with more technical knowledge such as computer engineers, software engineers, web design specialists, and graphic design specialists work in these companies.

Software companies can receive a wide variety of requests and feedback from their customers, and accordingly, they can create very different projects. Therefore, this situation may create the need for people with very different skills from various sectors to work in this sector. In addition to the professions listed above, digital marketing managers, brand directors, copywriters, content editors, social media specialists and project managers, etc. People from different professions, such as software companies, can find a place for themselves within the structure of software companies.

In short, those who work in software companies become interested in the digital world and are talented in this field.

The software phase of a new product you will create is one of the most critical points. Therefore, out of the thousands of software companies on the market, you need to choose the most suitable one for you and the one that will give you the best service, so that the resulting product can work without any problems. The points to be considered in choosing the right software company are as follows:

• A Good Platform to List Software Companies: To display suitable software companies you can work with, you will first need a quality website that offers you this service. Of course, the best site you can use at this stage is 'Software Company Network'. You can view the best software companies in your location through our site and choose the one that suits you best with the help of our operations team.
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• References: The best way to understand that the software companies you want to collaborate with our proven, is to talk to people who have worked with the company you have chosen before.
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• Experience: One of the most important aspects to consider when deciding to choose the right software company among the listed software companies is how many years the company has been in this industry and, accordingly, the experience it has gained in the software field.
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• Portfolio: Use this if you have a chance to browse past projects of the software company you want to work with. While companies that have worked on many projects before having a tested methodology for the successful completion of projects, the methodologies of software companies that are new to the industry are still in development and this is likely to present you with various difficulties. Software companies may not always share their previous projects due to confidentiality agreements. In this case, they should at least be able to give you a broad outline of how they have developed their previous projects and how they have benefited clients.

Software companies have many alternatives for making money, some of which are as follows:

• Product Sales

The main way software companies make money is by selling the software and applications they develop. For this, these companies have a certain path to follow and they can make good sales as long as the right steps are taken on this path. For this, they must first create a product that will benefit people. Then they need to start the sales process by putting the product in the right marketplace and on their website.

• Retention of Existing Customers

One of the primary goals of a software company is to provide the best service to meet customer expectations. This is achieved by delivering the work they receive on time and with the highest quality version. In this way, the company's customer impression is at a good level and customers continue to trust these companies in the following processes. Customers who are satisfied with the service they purchased are willing to pay the fee requested by the software company for their next project. For this reason, it is critical to provide the right service and protect the reputation of the company, not to lose existing customers, and to expand the customer network day by day.

In addition, if subscriber-based software is preferred rather than one-time software sales, existing customers will also be retained.

• Ads

We know that some of the biggest software companies such as Google and Facebook use ads as their primary source of income. But for customers, one of the most frustrating features a software or app can have is the advertisements it is exposed to. Therefore, software companies must establish a very good balance between the revenues they receive from advertisements and customer satisfaction. Many software companies, which do not want to risk losing customers by placing advertisements on the product they produce, prefer to stay away from this business model.

Here are the revenues of the biggest software companies from advertisements in recent years:

• GOOGLE (2021) - $31.88 billion
• AMAZON (2021) - $31.16 billion
• MICROSOFT (2021) - $8.53 billion
• YOUTUBE (2021) - $6.01 billion
• WITTER (2020) - $2.99 ​​billion
• ADOBE (2020) - $887 million

We can divide software companies into service-based companies and product-based companies.

• Service Based Companies

It works directly with businesses and provides them with services such as customized software development, consulting, or dedicated development teams.

• Product Based Companies

They are businesses that develop their own products and deliver them to end users. Microsoft and Google are two very good examples of product-based companies. Both offer a range of ready-made solutions that can be configured and customized to the specific needs of the company.