Germany ICT Market Size (2024 - 2029)

Germany ICT Market Analysis

The Germany ICT market is expected to grow at a CAGR of 9.7% over the forecasted period. Germany's ICT sector distinguishes itself by creating innovative software and security solutions, using the country's strong workforce, a robust market for technological innovations, and the collaborative support of industry and government in funding for research. Furthermore, the increasing adoption of IoT-based devices across various industries, including BFSI, IT and Telecom, Retail and E-commerce, and others, is propelling the ICT technology industry in the country.

• Germany's ICT market is gaining traction with advanced technology, such as cloud computing. Artificial Intelligence is also extending its application across the end-user segment, fueling the market growth over the next five years. For Instance, 5G became a new engine for industrial digital transformation. Cisco announced it is collaborating with Axians, a Vinci Energies brand, to provide Cisco private 5G to enterprises across industries in Germany and the Netherlands.
• The increasing infrastructure developments, such as smart city and data center construction, would drive the ICT market growth over the next five years. For Instance, ZTE Corporation signed a 5G innovation cooperation agreement with True Group. Through this cooperation on the 5G joint innovation center to develop 5G networks, digital services, smart islands, intelligent manufacturing, research innovation, talent training, and other fields, with outstanding commitment to comprehensively carrying out 5G-oriented innovative technology and business cooperation.
• Key players in the ICT market are focusing on expanding their businesses and strengthening their cloud services through collaborations and partnerships. For Instance, IBM collaborated with SAP to deliver technology and consulting experience to help clients embrace a hybrid cloud strategy and migrate mission-critical workloads from SAP systems to the cloud in regulated and non-regulated industries.
• Germany prospered due to globalization, but the global network of supply chains that gave it is economy a significant boost may now be a severe drawback. Executives and policymakers are compelled to evaluate supply chains and try to lessen reliance on a small number of Asian and American suppliers. It is due to shortages of semiconductors and other industrial components that threaten the nation's economic recovery.
• Due to the COVID-19 pandemic, the demand for IT services adoption and Telecom services saw a positive rise, augmented by technology demand growth due to shutdowns. Companies upgrading IT infrastructures to support remote working amid shutdowns may have shifted the workloads to the public and private cloud. Over the coming years, this is expected to drive the demand further as enterprises move towards cloud and remote working models, creating new growth opportunities for the ICT market.

Germany ICT Industry Segmentation

The information and communication technology (ICT) sector combines manufacturing and service businesses whose products primarily fulfill or allow information processing and communication via electronic methods, including transmission and display. The ICT sector contributes to technical advancement, increased output, and productivity.

The Germany ICT Market is segmented by type (hardware, software, IT services, telecommunication services), size of an enterprise (small and medium enterprises, large enterprises), industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, energy and utilities, and other industry verticals). 

The market sizes and forecasts are in value (USD million) for all the above segments.