IT Market in Germany 2015-2019
IT can be defined as an integrated platform consisting of hardware, software, and services. Organizations have IT departments and are responsible for storing, safeguarding, processing, transmitting, and retrieving information. IT enables a smooth flow of information across an organization. IT departments manage all IT-related services, software, and solutions, integrating and streamlining them with various processes, thus facilitating a smooth flow of organizational information. They also help organizations to align their business processes with various technologies and improve overall efficiency.
TechNavio's analysts forecast the IT market in Germany to grow at a CAGR of 3.85 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the IT market in Germany. The IT market in Germany can be segmented into three divisions: Hardware, Software, and Services.
TechNavio's report, the IT Market in Germany 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the IT market in Germany and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – IT Market in Germany 2015-2019
TechNavio recognizes the following companies as the key players in the IT Market in Germany: Amazon Web Services Inc., Google Inc., Hewlett-Packard (HP) Co., International Business Machines (IBM) Corp., Microsoft Corp. and SAP AG Corp.
Other Prominent Vendors in the market are: Accenture, Adobe, Allgeier IT Solutions, Apple, Atos, Capgemini, Cisco Systems, Citrix Systems, CSC, EMC, Fujitsu, GFT Technologies, Guidewire Software, Hitachi Data Systems, Intel, Materna, MSG Systems, NEC, NetApp, NTT Communications, Oracle, Rackspace, Salesforce, Software, Symantec, T-Systems and VMware
Commenting on the report, an analyst from TechNavio’s team said: “Increased adoption of cloud computing is one of the major trends being witnessed in this market. Cloud computing offers new opportunities for growth across various verticals of IT firms. It is used to maintain data and applications with the help of central remote servers.”
According to the report, IT initiatives taken by the government is one of the major drivers in the IT market in Germany. The government of Germany has undertaken many initiatives that have shown a positive effect on the development of many IT industry projects.
Further, the report states that an increase in cyber-attacks and security threats is one of the major challenges in the market. With the evolution of web technology, organizations rely more on the internet to fulfill their business requirements. Internet usage has also increased because of the increase in workforce mobility. These factors have increased the severity of security threats, including APTs.
Amazon Web Services, Google, HP , IBM, Microsoft , SAP , Accenture , Adobe, Allgeier IT Solutions, Apple, Atos , Capgemini , Cisco Systems , Citrix Systems, CSC, EMC , Fujitsu , GFT Technologies, Guidewire Software, Hitachi Data Systems , Intel, Materna , MSGSystems, NEC , NetApp , NTT Communications , Oracle , Rackspace, Salesforce, Software AG, Symantec , T-Systems