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


Posted December 17, 2022 by diwakarbanerjee

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.
 
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.

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.

For more Information:

https://www.konceptanalytics.com/report/telecom-it/german-it-market-services-software-hardware-insights-forecast-with-potential-impact-of-covid-19-2022-2026

Koncept Analytics
Vikas Gupta
(Business Development Manager)
FFCS-36, Ansal Plaza
Vaishali, Ghaziabad
U.P - 201010
Tele: +91-120-4130959
Mobile: +91-8700242734
Mail ID – [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Koncept Analytics
Phone +91-8700242734
Business Address FFCS-36, Ansal Plaza Vaishali, Ghaziabad U.P - 201010
Country India
Categories Reports
Tags german it market
Last Updated December 17, 2022