German IT Market (Services, Software & Hardware): Insights & Forecast (2022-2026)

Executive Summary

The German IT market is expected to record a value of US$133.02 billion in 2026, growing at a CAGR of 3.08%, for the time period of 2022-2026. The factors such as growth in cloud computing services, upsurge in information and communication technology (ICT) security, escalating demand for big data, growing penetration of internet, growth in number software and IT services companies and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by shortage of skilled IT workforce, shortage of skilled it workforce and new security threats. A few notable trends may include rising adoption of internet of thing (IoT), growth in number of IT employees, escalating use of IT consultation services, expansion of small and medium enterprises (SMEs) and accelerating new technological trends.

Germany has been perceived as a leader in digital and technological spheres not only in Europe but worldwide. In Germany, the IT sector is growing through a remarkable evolutionally process. Companies in the IT sector are continuously innovating with their products in order to attract customers in the name of digitalization.

The German IT market has been segmented on to the basis of product type into IT services, software and IT Hardware. IT services dominate the IT industry in Germany as organizations are looking out more for third party IT professionals for the enhancement of in their technological capabilities. In addition, small and medium enterprises (SMEs) are exploring new avenues to generate revenue and enhance their operational efficiency, encouraging them to invest heavily in IT services. Whereas, software segment is also growing at a considerable pace with the rising adoption rate of IT solutions among organizations. While, rising deployment hardware systems across various industries are luring the growth of hardware segment.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Executive Summary

Scope of the report:

• The report provides a comprehensive analysis of the German IT market.

• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

• The competitive landscape of the market, along with the company profiles of leading players (Bachtle, Allgeier, Adesso, GFT Technologies, All for One Group and Cenit) are also presented in detail.

Key Target Audience:

• IT Service Providers

• Software Development Professionals

• IT Hardware Manufacturers and Suppliers

• Potential Audience (IT companies, Third party IT professionals, Business Entities)

• IT consultants

• Investment Banks

• Government Bodies & Regulating Authorities

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Strategic

IT Market by Product Types

IT services IT services

Software Software

IT Hardware IT Hardware

The German IT market has been segmented on to the basis of product type into IT services, software and IT Hardware. IT services dominate the IT industry in Germany as organizations are looking out more for third party IT professionals for the enhancement of in their technological capabilities. In addition, small and medium enterprises (SMEs) are exploring new avenues to generate revenue and enhance their operational efficiency, encouraging them to invest heavily in IT services. Whereas, software segment is also growing at a considerable pace with the rising adoption rate of IT solutions among organizations. While, rising deployment hardware systems across various industries are luring the growth of hardware segment.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German IT Market Forecast by Value

German IT Market Forecast by Value, 2017-2026 (US$ Billion)

Note: These are dummy figures. Please purchase the report for actual figures.

The German IT market is expected to reach US$xx billion in 2026, increasing from US$xx billion in 2022, at a CAGR of xx%, for the duration spanning 2022-2026. The German IT sector is developing much faster than a number of traditional core sectors of the economy. The adoption of cloud services is being accelerated at a vast pace, as cloud implementation is playing a major role in overall digitalization efforts of organizations, which is likely contribute to the growth of the German IT market.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German IT Market by Product Type

German IT Market by Product Type, 2021(%)

IT Hardware 20%

IT Services 50%

Software 30%

Note: These are dummy figures. Please purchase the report for actual figures.

On the basis of product type, the German IT market has been segmented into IT services, Software and IT Hardware. In 2021, IT services accounted for the highest share in the German market with xx%, followed by software and IT hardware with xx% share and xx% share, respectively.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German IT Services Market Forecast by Value

German IT Services Market Forecast by Value, 2017-2026 (US$ Billion)

Note: These are dummy figures. Please purchase the report for actual figures.

The German IT services market is expected to reach US$xx billion in 2026, increasing from US$xx billion in 2022, at a CAGR of xx%, for the duration spanning 2022-2026. A lot of companies are hiring third party IT professionals to get their technical work done, driving the demand for IT services, which is likely to contribute to the growth of its market growth in Germany.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German Software Market Forecast by Value

German Software Market

Forecast

by Value, 2017-2026 (US$ Billion)

Note: These are dummy figures. Please purchase the report for actual figures.

The German software market is expected to reach US$xx billion in 2026, increasing from US$xx billion in 2022, at a CAGR of xx%, for the duration spanning 2022-2026. Small and medium sized enterprises (SMEs) are investing a significant amount of funds in the development of new and innovative software to create a significant customer base and generating more jobs for people, which is likely to promote the growth of the German software market during the forecasted period.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

German IT Hardware Market Forecast by Value

German IT Hardware Market Forecast by

Value, 2017-2026 (US$ Billion)

Note: These are dummy figures. Please purchase the report for actual figures.

The German IT hardware market is expected to reach US$xx billion in 2026, increasing from US$xx billion in 2022, at a CAGR of xx%, for the duration spanning 2022-2026. Countries like the U.S. and China investing a considerable amount of funds in the German ICT industry to expand the product line of computer systems, which is also providing a growth opportunity to the IT hardware market in Germany.

German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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