IT Market in Germany to Grow by USD 30.34 billion from 2022 to 2027| Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., and more to emerge as key players- Technavio

NEW YORK, July 25, 2023 /PRNewswire/ — The IT market in Germany size is estimated to grow by USD 30.34 billion from 2022 to 2027 at a CAGR of 4.12% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including badenIT GmbH, Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., HUNARI Arik and Hunneck GbR, Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Lenovo Group Ltd., next evolution GmbH, Oracle Corp., Siemens AG, Tata Consultancy Services Ltd., Toshiba Corp., and VACE Systemtechnik GmbH

Germany IT Market Insights –

• Vendors: 15+, Including badenIT GmbH, Broadcom Inc., Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., HUNARI Arik and Hunneck GbR, Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Lenovo Group Ltd., next evolution GmbH, Oracle Corp., Siemens AG, Tata Consultancy Services Ltd., Toshiba Corp., and VACE Systemtechnik GmbH, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: End-user (Manufacturing, Government, BFSI, ICT, and Business services and others), Application (Large enterprise and SMEs).

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IT market in Germany – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Key IT Market Driver in Germany– The increased adoption of IT solutions among SMEs in Germany is notably driving the Germany IT market growth. Small and medium-sized enterprises (SMEs) play a crucial role in the German economy, accounting for over 99% of all companies in the country. These businesses, ranging from sole proprietors to companies with hundreds of employees, are known for their innovation and global presence. German SMEs prioritize investing in IT to stay technologically advanced, leveraging technologies such as cloud computing, big data, and the Internet of Things (IoT) to enhance operational efficiency and drive revenue growth. Digitization is a key focus for these companies, as they seek to replace manual processes with digital workflows and automate various aspects of their operations. Additionally, German SMEs are adopting ERP solutions and CRM software to improve customer engagement, reducing costs through communication platforms and utilizing social media to promote their products and services. These factors contribute to the growth of the IT market in Germany during the forecast period.

Significant IT Market Trends in Germany– Government support for AI is identified as an emerging trend in the Germany-IT market. The German government is actively promoting the adoption of AI across various industries and encouraging companies to explore different application areas for AI-based solutions. A study commissioned by the Federal Ministry for Economic Affairs and Energy predicts that AI will contribute significantly to the country’s manufacturing output, with an estimated increase of over USD 34.35 billion by 2023. To support the advancement of AI beyond 2020, the government has allocated USD 572.5 million in its 2020 budget and plans to invest up to USD 3.44 billion by 2025. As part of this strategy, Germany is establishing AI competence centers at the regional level and connecting them through a network. These efforts are attracting providers to establish their AI research centers in the country. The government’s focus on R&D and the promotion of AI adoption in German companies will drive the growth of the IT market in Germany during the forecast period.

Major IT Market Challenge in Germany– The shortage of skilled IT professionals may hinder the German IT market growth. German companies are currently experiencing a significant shortage of IT specialists, leading to a limited number of vacancies for qualified candidates. The scarcity of professionals with the necessary qualifications, work experience, and skills has resulted in high remuneration for those who meet the requirements. As a result, SMEs and public sector companies are facing challenges in recruiting suitable candidates for IT positions. To address this issue, the federal government is exploring the recruitment of staff from other European countries and working towards streamlining immigration laws to attract foreign professionals seeking employment in Germany. Despite an increase in the number of job openings in the IT sector, with over 1.3 million vacancies in 2020, a substantial portion remains unfilled. The shortage of qualified IT professionals in areas such as cloud computing, AI, big data, and IoT poses a significant hurdle to German companies’ digital transformation efforts. This shortage has the potential to impact the growth of the Germany-IT market during the forecast period.

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What are the key data covered in this IT Market In Germany report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the IT market in Germany between 2023 and 2027
• Precise estimation of the IT market in Germany size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the IT market in Germany across Germany and Europe
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the IT market vendors in Germany

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Table of contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 11: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on Germany: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Germany: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 IT market in Germany 2017 – 2021 
• Exhibit 15: Historic Market Size – Data Table on it market in Germany 2017 – 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 – 2021
• Exhibit 16: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 17: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 25: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 26: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 6.3 Manufacturing – Market size and forecast 2022-2027
• Exhibit 29: Chart on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)

• 6.4 Government – Market size and forecast 2022-2027
• Exhibit 33: Chart on Government – Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Government – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Government – Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Government – Year-over-year growth 2022-2027 (%)

• 6.5 BFSI – Market size and forecast 2022-2027
• Exhibit 37: Chart on BFSI – Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on BFSI – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on BFSI – Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on BFSI – Year-over-year growth 2022-2027 (%)

• 6.6 ICT – Market size and forecast 2022-2027
• Exhibit 41: Chart on ICT – Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on ICT – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on ICT – Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on ICT – Year-over-year growth 2022-2027 (%)

• 6.7 Business services and others – Market size and forecast 2022-2027 
• Exhibit 45: Chart on Business services and others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 46: Data Table on Business services and others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Chart on Business services and others – Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Business services and others – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 49: Market opportunity by End-user ($ billion)
• Exhibit 50: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 51: Chart on Application – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 53: Chart on Comparison by Application
• Exhibit 54: Data Table on Comparison by Application

• 7.3 Large enterprise – Market size and forecast 2022-2027
• Exhibit 55: Chart on Large enterprise – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Large enterprise – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Large enterprise – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Large enterprise – Year-over-year growth 2022-2027 (%)

• 7.4 SMEs – Market size and forecast 2022-2027
• Exhibit 59: Chart on SMEs – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on SMEs – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on SMEs – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on SMEs – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ billion)
• Exhibit 64: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 66: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 67: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 68: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 69: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 70: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 71: Matrix on vendor position and classification

• 11.3 Broadcom Inc. 
• Exhibit 72: Broadcom Inc. – Overview
• Exhibit 73: Broadcom Inc. – Business segments
• Exhibit 74: Broadcom Inc. – Key news
• Exhibit 75: Broadcom Inc. – Key offerings
• Exhibit 76: Broadcom Inc. – Segment focus

• 11.4 Capgemini Service SAS 
• Exhibit 77: Capgemini Service SAS – Overview
• Exhibit 78: Capgemini Service SAS – Business segments
• Exhibit 79: Capgemini Service SAS – Key news
• Exhibit 80: Capgemini Service SAS – Key offerings
• Exhibit 81: Capgemini Service SAS – Segment focus

• 11.5 Cisco Systems Inc. 
• Exhibit 82: Cisco Systems Inc. – Overview
• Exhibit 83: Cisco Systems Inc. – Business segments
• Exhibit 84: Cisco Systems Inc. – Key news
• Exhibit 85: Cisco Systems Inc. – Key offerings
• Exhibit 86: Cisco Systems Inc. – Segment focus

• 11.6 Dell Technologies Inc. 
• Exhibit 87: Dell Technologies Inc. – Overview
• Exhibit 88: Dell Technologies Inc. – Business segments
• Exhibit 89: Dell Technologies Inc. – Key offerings
• Exhibit 90: Dell Technologies Inc. – Segment focus

• 11.7 Fujitsu Ltd. 
• Exhibit 91: Fujitsu Ltd. – Overview
• Exhibit 92: Fujitsu Ltd. – Business segments
• Exhibit 93: Fujitsu Ltd. – Key news
• Exhibit 94: Fujitsu Ltd. – Key offerings
• Exhibit 95: Fujitsu Ltd. – Segment focus

• 11.8 Hewlett Packard Enterprise Co. 
• Exhibit 96: Hewlett Packard Enterprise Co. – Overview
• Exhibit 97: Hewlett Packard Enterprise Co. – Business segments
• Exhibit 98: Hewlett Packard Enterprise Co. – Key news
• Exhibit 99: Hewlett Packard Enterprise Co. – Key offerings
• Exhibit 100: Hewlett Packard Enterprise Co. – Segment focus

• 11.9 Hitachi Ltd. 
• Exhibit 101: Hitachi Ltd. – Overview
• Exhibit 102: Hitachi Ltd. – Business segments
• Exhibit 103: Hitachi Ltd. – Key news
• Exhibit 104: Hitachi Ltd. – Key offerings
• Exhibit 105: Hitachi Ltd. – Segment focus

• 11.10 Infosys Ltd. 
• Exhibit 106: Infosys Ltd. – Overview
• Exhibit 107: Infosys Ltd. – Business segments
• Exhibit 108: Infosys Ltd. – Key news
• Exhibit 109: Infosys Ltd. – Key offerings
• Exhibit 110: Infosys Ltd. – Segment focus

• 11.11 International Business Machines Corp.
• Exhibit 111: International Business Machines Corp. – Overview
• Exhibit 112: International Business Machines Corp. – Business segments
• Exhibit 113: International Business Machines Corp. – Key news
• Exhibit 114: International Business Machines Corp. – Key offerings
• Exhibit 115: International Business Machines Corp. – Segment focus

• 11.12 Juniper Networks Inc. 
• Exhibit 116: Juniper Networks Inc. – Overview
• Exhibit 117: Juniper Networks Inc. – Product / Service
• Exhibit 118: Juniper Networks Inc. – Key offerings

• 11.13 Lenovo Group Ltd. 
• Exhibit 119: Lenovo Group Ltd. – Overview
• Exhibit 120: Lenovo Group Ltd. – Business segments
• Exhibit 121: Lenovo Group Ltd. – Key offerings
• Exhibit 122: Lenovo Group Ltd. – Segment focus

• 11.14 Oracle Corp. 
• Exhibit 123: Oracle Corp. – Overview
• Exhibit 124: Oracle Corp. – Business segments
• Exhibit 125: Oracle Corp. – Key news
• Exhibit 126: Oracle Corp. – Key offerings
• Exhibit 127: Oracle Corp. – Segment focus

• 11.15 Siemens AG 
• Exhibit 128: Siemens AG – Overview
• Exhibit 129: Siemens AG – Business segments
• Exhibit 130: Siemens AG – Key news
• Exhibit 131: Siemens AG – Key offerings
• Exhibit 132: Siemens AG – Segment focus

• 11.16 Tata Consultancy Services Ltd. 
• Exhibit 133: Tata Consultancy Services Ltd. – Overview
• Exhibit 134: Tata Consultancy Services Ltd. – Business segments
• Exhibit 135: Tata Consultancy Services Ltd. – Key news
• Exhibit 136: Tata Consultancy Services Ltd. – Key offerings
• Exhibit 137: Tata Consultancy Services Ltd. – Segment focus

• 11.17 Toshiba Corp. 
• Exhibit 138: Toshiba Corp. – Overview
• Exhibit 139: Toshiba Corp. – Business segments
• Exhibit 140: Toshiba Corp. – Key offerings
• Exhibit 141: Toshiba Corp. – Segment focus

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 142: Inclusions checklist
• Exhibit 143: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 144: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 145: Research methodology
• Exhibit 146: Validation techniques employed for market sizing
• Exhibit 147: Information sources

• 12.5 List of abbreviations 
• Exhibit 148: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

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