IT Market In Germany 2023-2027
IT market in Germany is forecasted to grow by USD 30.34 bn during 2022-2027, accelerating at a CAGR of 4.12% % during the forecast period. The report on the IT market in Germany provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of IT solutions among German SMEs, increased adoption of cloud-based services by enterprises, and increasing digital infrastructure in Germany.
Technavio's IT market in Germany is segmented as below:
By End-user
- Manufacturing
- Government
- BFSI
- ICT
- Business services and others
By Application
This study identifies the increasing adoption of big data solutions by enterprises as one of the prime reasons driving the IT market in Germany growth during the next few years. Also, government support for AI and increasing focus on industry 4.0 initiatives will lead to sizable demand in the market.
The report on the IT market in Germany covers the following areas:
- IT market sizing in Germany
- IT market forecast in Germany
- IT market industry analysis in Germany
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT market vendors in Germany that include badenIT GmbH, Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., HUNARI Arik and Hunneck GbR, Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Lenovo Group Ltd., nextevolution GmbH, Oracle Corp., Siemens AG, Tata Consultancy Services Ltd., Toshiba Corp., and VACE Systemtechnik GmbH. Also, the IT market in Germany analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.