IT Market in Germany 2019-2023

IT Market in Germany 2019-2023

About this market

The increased adoption of cloud-based services is one the key factors expected to trigger the IT market in Germany during the forecast period. German enterprises are restructuring their businesses for surviving and succeeding in this digital age. Cloud-based solutions help German enterprises in revamping their business models by leveraging modern technologies including Big Data, AI, and IoT, while providing a robust platform for the digital transformation of their businesses. Cloud-based solutions often offer cost-effectiveness, flexibility, and scalability to the enterprises, thus, boosting the IT market in Germany. Technavio’s analysts have predicted that the IT market will register a CAGR of close to 3% by 2023.

Market Overview

Digital infrastructure in Germany

One of the growth drivers of the IT market in Germany is the digital infrastructure in Germany. Germany is investing in the development of a country wide connected infrastructure to facilitate information storage in centralized systems and real time exchange of data across departments. As a result, the demand for IT and services in the country is high.

Shortage of skilled IT professionals

One of the challenges in the growth of the IT market in Germany is the shortage of skilled IT professionals. Lack of skilled IT professionals in the areas of cloud, AI, Big Data, and IoT can severely impact the digital transformation initiatives of German enterprises, which will hamper the growth of the IT market in Germany.

For the detailed list of factors that will drive and challenge the growth of the IT market in Germany during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented with the presence of several market players. German enterprises are expanding their business overseas by using Big Data tools to optimize their production, logistics, and sales processes. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report-IT market in Germany 2019-2023

Technavio recognizes the following companies as the key players in the IT market in GERMANY: Accenture, IBM, Microsoft, SAP SE, and T-Systems International GmbH.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing adoption of Big Data solutions.”

According to the report, one of the major drivers for this market is the increased adoption of cloud-based services.

Further, the report states that one of the major factors hindering the growth of this market is the lack of high-speed connectivity.

Companies Mentioned

Accenture
IBM
Microsoft
SAP SE
T-Systems International GmbH

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 ($ billions)
      • Table Country market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Manufacturing - Market size and forecast 2018-2023
      • Table Manufacturing - Market size and forecast 2018-2023 ($ billions)
      • Table Manufacturing - Year-over-year growth 2019-2023 (%)
    • Government - Market size and forecast 2018-2023
      • Table Government - Market size and forecast 2018-2023 ($ billions)
      • Table Government - Year-over-year growth 2019-2023 (%)
    • BFSI - Market size and forecast 2018-2023
      • Table BFSI - Market size and forecast 2018-2023 ($ billions)
      • Table BFSI - Year-over-year growth 2019-2023 (%)
    • ICT - Market size and forecast 2018-2023
      • Table ICT - Market size and forecast 2018-2023 ($ billions)
      • Table ICT - Year-over-year growth 2019-2023 (%)
    • Business services - Market size and forecast 2018-2023
      • Table Business services - Market size and forecast 2018-2023 ($ billions)
      • Table Business services - Year-over-year growth 2019-2023 (%)
    • Other sectors - Market size and forecast 2018-2023
      • Table Other sectors - Market size and forecast 2018-2023 ($ billions)
      • Table Other sectors - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by category
    • Table Category - Market share 2018-2023 (%)
    • Comparison by category
      • Table Comparison by category
    • IT services - Market size and forecast 2018-2023
      • Table IT services - Market size and forecast 2018-2023 ($ billions)
      • Table IT services - Year-over-year growth 2019-2023 (%)
    • Software - Market size and forecast 2018-2023
      • Table Software - Market size and forecast 2018-2023 ($ billions)
      • Table Software - Year-over-year growth 2019-2023 (%)
    • IT hardware - Market size and forecast 2018-2023
      • Table IT hardware - Market size and forecast 2018-2023 ($ billions)
      • Table IT hardware - Year-over-year growth 2019-2023 (%)
    • Market opportunity by category
      • Table Market opportunity by category
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing adoption of Big Data solutions
    • Government support for AI
    • The Industry 4.0 initiative
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Accenture
      • Table Accenture - Vendor overview
      • Table Accenture - Product segments
      • Table Accenture - Organizational developments
      • Table Accenture - Contracts information
      • Table Accenture - Geographic focus
      • Table Accenture - Segment focus
      • Table Accenture - Key offerings
    • IBM
      • Table IBM - Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Contracts information
      • Table IBM - Geographic focus
      • Table IBM - Segment focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Microsoft - Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Contracts information
      • Table Microsoft - Contracts information
      • Table Microsoft - Geographic focus
      • Table Microsoft - Segment focus
      • Table Microsoft - Key offerings
    • SAP SE
      • Table SAP SE - Vendor overview
      • Table SAP SE - Business segments
      • Table SAP SE - Organizational developments
      • Table SAP SE - Contracts information
      • Table SAP SE - Contracts information
      • Table SAP SE - Geographic focus
      • Table SAP SE - Segment focus
      • Table SAP SE - Key offerings
    • T-Systems International GmbH
      • Table T-Systems International GmbH - Vendor overview
      • Table T-Systems International GmbH - Organizational developments
      • Table T-Systems International GmbH - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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