NEW YORK, Feb. 22, 2022 /PRNewswire/ -- The "IT Market in Germany by End-user and Category - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the IT market in Germany between 2020 and 2025 is USD 16.21 billion. The market observed a year-over-year growth of 2.35% in 2021 and Technavio expects the market growth to accelerate at a CAGR of almost 3% during the forecast period. Get the exact yearly growth variance and the Y-O-Y growth rate, Grab a Free Sample.
Key Market Dynamics:
The increased adoption of IT solutions among German SMEs is driving the growth of the market. SMEs operating in Germany actively invest in IT to keep themselves abreast of the latest technologies. German SMEs are extensively using technologies such as cloud computing, Big Data, and IoT to improve their operational efficiency and find new avenues of revenue generation. Moreover, the growing trend of digitalization is driving many enterprises to replace their manual processes with digital workflows by using software and IT services. Such increased adoption of IT solutions among German SMEs is fueling the growth of the market.
In addition, the growing government support for IT solutions such as artificial intelligence (AI) will further accelerate the market growth. However, the shortage of skilled professionals will impede the growth of the market.
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The IT market in Germany report is segmented by end-user (manufacturing, government, BFSI, ICT, and other sectors) and product (IT services, IT software, and hardware).
The end-users in the manufacturing sector are exhibiting high demand for IT solutions in Germany. The presence of many small, medium, and large-scale automobile and engineering companies is driving the demand for IT solutions in the manufacturing segment. In addition, the adoption of Industry 4.0 is further accelerating the growth of the segment.
Similarly, by product, the market is witnessing high demand for IT services among end-users. The rising requirements of IT professional services among German enterprises have increased the spending on IT services. In addition, the increased adoption of advanced technologies such as the IoT, AI, cloud, and blockchain are driving the growth of the segment.
View our sample report for additional insights into the growth contribution of various segments.
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IT Market in Germany Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 3% |
Market growth 2021-2025 |
USD 16.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.35 |
Regional analysis |
Germany |
Key consumer countries |
Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Accenture Plc, Capgemini Services SAS, Dell Technologies Inc., Hitachi Vantara Corp., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and T-Systems International GmbH |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Category
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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