IT Market in Germany by End-user and Category - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70498
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The IT market in Germany has the potential to grow by USD 16.21 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.60%.

This IT market research in Germany report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (manufacturing, government, BFSI, ICT, and other sectors) and category (IT services, IT software, and hardware). The IT market in Germany report also offers information on several market vendors, including 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 among others.

What will the IT Market Size in Germany be in 2021?

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IT Market in Germany: Key Drivers and Trends

The increased adoption of IT solutions among German SMEs is notably driving the IT market growth in Germany, although factors such as shortage of skilled IT professionals may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the IT industry in Germany get your FREE report sample now.

  • The increased adoption of IT solutions among German small & medium enterprises (SMEs) is one of the primary factors driving the IT market growth in Germany.
  • SMEs account for more than 99% of the total number of enterprises in Germany.
  • They invest heavily in IT solutions to improve their operational efficiency and find new avenues of revenue generation.
  • German SMEs also use IT to keep themselves updated on the latest technologies and ensure smooth business operations.
  • The above-mentioned factors will boost IT market growth in Germany during the forecast period.
  • The growing government support for IT solutions such as artificial intelligence (AI) will also have a positive impact on IT market growth in Germany.
  • To increase the country’s manufacturing sector output, the government is urging enterprises to adopt AI.
  • The country is also modernizing its Center of Excellence for AI at the regional level to tackle societal issues and improve customer experience.
  • The growing focus of the government to increase the adoption of AI coupled with the adoption of AI among SMEs will drive IT market growth in Germany

This IT market analysis in Germany report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major IT Market In Germany Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • T-Systems International GmbH

The IT market in Germany is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the IT market forecast in Germany report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating End-user Segments in the IT Market in Germany?

IT-Market-In-Germany-Market-Share-by-End-2020-2025

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The manufacturing sector is one of the significant revenue contributors to the German economy. The use of manufacturing intelligence allows industries to closely speculate mechanical and procedural challenges to move to advanced modes of data collection using sensors, actuators, assets, production analysis, and more for increased efficiency. Such factors are expected to drive the growth of the IT market in Germany during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the IT market size in Germany.

 

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What are the Key Factors Covered in this IT Market in Germany Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IT market growth in Germany during the next five years
  • Precise estimation of the IT market size in Germany  and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT industry in Germany
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT vendors in Germany 

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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 3%

Market growth 2021-2025

$ 16.21 billion

Market structure

Fragmented

YoY growth (%)

2.35

Regional analysis

Germany

Performing market contribution

Germany at 0%

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 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.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The it market growth will increase by $16.21 billion during 2020-2025.
The it market is expected to grow at a CAGR of 2.60% during 2020-2025.
Technavio has segmented the it market by end user (Manufacturing, Government, BFSI, ICT, and Other sectors) ,other1 (IT services, IT software, and Hardware) , and geographic (Germany).
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, T-Systems International GmbH are a few of the key vendors in the it market.
Germany will register the highest growth rate of NaN% among the other regions. Therefore, the it market in Germany is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the it market growth are:
  • Increased adoption of IT solutions among German SMEs
  • Increasing adoption of Big Data solutions
The it market vendors should focus on grabbing business opportunities from the manufacturing segment as it accounted for the largest market share in the base year.
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