|
IT Market in Germany to grow by USD 33.3 Billion from 2025 to 2029, Driven by increased adoption of IT solutions among SMEs, AI impact - Technavio
Friday, February 21, 2025
NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The IT market in Germany and it is set to grow by USD 33.3 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 4.2% during the forecast period, according to Technavio. The IT market in Germany is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. badenIT GmbH, Broadcom Inc., Capgemini Services SAS, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., HUNARI GmbH, 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 Group are some of the major market participants -. To know about the vendor offerings - Request a sample report.
IT Market in Germany 2025-2029: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The IT market in Germany report covers the following areas:
-- IT Market in Germany Size
-- IT Market in Germany Trends
-- IT Market in Germany Industry Analysis
-- Porter's Five Forces Analysis
-- Customer Landscape
The it market in Germany is fragmented, and the degree of fragmentation will accelerate. The increased adoption of it solutions among german smes will offer immense growth opportunities. However, the Shortage of skilled IT professionals will hamper the market growth
IT Market in Germany 2025-2029: Drivers & Challenges
German SMEs, or Mittelstand companies, make up over 99% of Germany's business landscape, from small proprietorships to larger enterprises with hundreds of employees. These firms are renowned for their innovation, exporting goods and services worldwide. They invest in IT to stay competitive and utilize advanced technologies like cloud computing, Big Data, and IoT. Their objectives include cost reduction, data-driven insights, and process enhancement. By implementing these technologies, German SMEs boost operational efficiency and discover new revenue streams.
German businesses encounter significant challenges in their IT departments due to a scarcity of qualified IT professionals. This shortage creates difficulties in both recruitment and retention. Insufficient professional qualifications limit the pool of potential candidates for open positions. In response, professionals with the necessary qualifications, experience, and skillsets command high salaries. Consequently, small and medium enterprises, as well as the public sector, struggle to find suitable candidates. The recruitment process predominantly relies on online platforms, with job vacancies advertised on company websites and career portals. Traditional recruitment methods, such as newspapers, trade magazines, and employment agencies, are increasingly irrelevant.
To learn more about the global trends impacting the future of market research, download a PDF sample
Segment Overview
This it market in Germany report extensively covers market segmentation by
-- End-user
-- Manufacturing
-- Government
-- BFSI
-- ICT
-- Others
-- Application
-- Large Enterprise
-- SMEs
-- Geography
-- Europe
1.1 Manufacturing- The German manufacturing sector, home to major automotive and engineering companies, is undergoing a digital transformation, moving from Industry 4.0 to Industry 5.0. This shift focuses on human-machine collaboration, building on the foundation of optimized production processes established by Industry 4.0. Big Data and analytics are key technologies enabling this transformation, with data collected from production equipment, enterprise systems, and customer management systems. This data is used to optimize production quality, reduce costs, expedite production times, and deliver superior customer support. Manufacturers are also adopting autonomous robots, controlled by underlying software, for utility purposes in manufacturing and distribution plants. Robots, equipped with capabilities such as welding, painting, assembling, and product inspection, facilitate cost efficiency and increased productivity. Additionally, cloud-based software for enterprise applications, Big Data, and analytical applications is reducing data processing times, enabling a data-driven production environment. German enterprises are also investing in manufacturing execution systems with monitoring and controlling functionalities. The use of manufacturing intelligence allows industries to closely speculate on mechanical and procedural challenges, moving to advanced modes of data collection using sensors, actuators, assets, production analysis, and more. These factors are expected to drive the growth of the IT market in Germany during the forecast period.
To learn more, request a FREE sample
IT Market in Germany 2025-2029: Key Highlights
-- CAGR of the market during the forecast period 2025-2029
-- Detailed information on factors that will assist it market in Germany
growth during the next five years
-- Estimation of the it market in Germany size and its contribution to the
parent market
-- Predictions on upcoming trends and changes in consumer behavior
-- The growth of the it market in Germany across Germany
-- Analysis of the market's competitive landscape and detailed information
on vendors
-- Comprehensive details of factors that will challenge the growth of it
market in Germany vendors
IT Market In Germany Scope
Report Coverage
Details
Base year 2024
Historic period
2017-2021
Forecast period
2025-2029
Growth momentum & CAGR Accelerate at a CAGR of 4.2%
Market growth 2025-2029
USD 33.3 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 4.0
Regional analysis
Germany
Performing market contribution Europe at 100%
Key countries
Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled badenIT GmbH, Broadcom Inc., Capgemini Services SAS, Cisco Systems Inc., Dell Technologies Inc., Fortinet
Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., HUNARI GmbH, 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 Group
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment
analysis, COVID 19 impact and recovery analysis 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.
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.
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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/it-market-in-germany-to-grow-by-usd-33-3-billion-from-2025-to-2029--driven-by-increased-adoption-of-it-solutions-among-smes-ai-impact--technavio-302376561.html
SOURCE Technavio
|
|
|
|
|
|
 |
Tucows Announces $40 Million Stock Buyback Program | Feb 21, 2025
|
|
12 Press Releases You Need to See This Week | Feb 21, 2025
|
|
Weekly Roundup: 15 Health Press Releases You Need to See | Feb 21, 2025
|
|
Verkada enhances the Entry experience, introduces more flexibility and scale across its Command platform | Feb 21, 2025
|
|
Cloud Infrastructure Automation Software Market to Reach USD 3283.6 Million by 2030 - Key Trends and Growth Drivers | Valuates Reports | Feb 21, 2025
|
|
Email Security Market to Grow by USD 5.17 Billion from 2024-2028, Driven by Rising Employee Mobility, Report on How AI is Redefining Market Landscape - Technavio | Feb 21, 2025
|
|
Ericsson and Telstra pioneer the first programmable network in Asia-Pacific | Feb 21, 2025
|
|
Rev: Ithaca Startup Works Opens Applications for 2025 Prototyping Hardware Accelerator | Feb 21, 2025
|
|
MicroCloud Hologram Inc. announces optimization of stacked sparse autoencoders through DeepSeek model | Feb 21, 2025
|
|
S2C Teams Up with Arm, Xylon, and ZC Technology to Drive Software-Defined Vehicle Evolution | Feb 21, 2025
|
|
|
|
