Germany ICT Market Size and Forecast (by IT Solution Area, Size Band and Vertical) to 2027

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Germany ICT Market Overview

The Germany ICT market was valued at US$ 169.21 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 12.92% to reach a value of US$ 310.69 billion by 2027. The cumulative revenue generation for ICT providers in Germany is estimated at US$ 1,380.57 billion for 2022-2027.

Germany ICT Market Outlook, 2022-2027 (in US$ Billion)

Germany ICT Market Outlook, 2022-2027 (in US$ Billion)

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The ‘Germany ICT Market’ opportunity forecast report provides the total addressable market for ICT products/services in Germany from 2019 to 2027.

Market Size (2022) US$ 169.21 billion
Market Size (2027) US$ 310.69 billion
CAGR (2022-2027) 12.92%
Key IT Solutions •      Application Development and Management (3 Products/Services)

•      Artificial Intelligence (4 Products/Services)

•      Business Process Applications (9 Products/Services)

•      Business Process Outsourcing (6 Products/Services)

•      Client Computing (10 Products/Services)

•      Cloud Computing (7 Products/Services)

•      Communications and Collaboration (10 Products/Services)

•      Consulting & Integration Services (3 Products/Services)

•      Data and Analytics (6 Products/Services)

•      Data Center and Hosting (2 Products/Services)

•      Edge Computing (11 Products/Services)

•      Internet of Things (IoT) (3 Products/Services)

•      IT Management (11 Products/Services)

•      Mobility (5 Products/Services)

•      Networking (18 Products/Services)

•      Security (17 Products/Services)

•      Servers (4 Products/Services)

·        Storage (7 Products/Services)

Key Verticals ·        Communication

·        Construction

·        Consumer Goods

·        Education

·        Energy

·        Financial Markets

·        Foodservice

·        Government

·        Healthcare

·        Information Technology

·        Insurance

·        Manufacturing

·        Media

·        Medical Devices

·        Mining

·        Others

·        Pharmaceuticals

·        Retail

·        Retail Banking

·        Transport and Logistics

·        Travel and Leisure

·        Utilities

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Germany ICT Market Segmentation by Vertical

In terms of vertical end-use segments, the manufacturing sector held the highest market share of 16.4% in 2022, followed by the information technology sector. The retail banking sector is expected to be the fastest-growing segment, at an estimated CAGR of 18.84%, during the forecast period.

Germany ICT Market Share by Verticals, 2022 (%)

Germany ICT Market Share by Verticals, 2022 (%)

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Scope

This product provides revenue opportunity forecasts for ICT products/services in Germany from 2019 to 2027, spanning 18 IT Solutions and 133 products/services. The details of the IT solutions and the corresponding products/services have been provided. The forecast data has been provided for 5 employee size bands.

Key Highlights

The ICT market in Germany is expected to grow at a CAGR of 12.92% over the forecast period.

Reasons to Buy

  • Assess the historical data (past 4 years), current state, and expected growth (next 5 years) of the ICT market in Germany.
  • Identify the fastest-growing products/services within the Germany ICT market.
  • Determine the most lucrative vertical for ICT in Germany, considering their current contribution to the overall Germany ICT market and their expected input toward the growth of the market over the next 5 years.
  • Identify products/services that would contribute toward the growth of the ICT market in Germany over the next 5 years.
  • Get a thorough, forward-looking analysis of Germany ICT trends and key opportunities in a concise format to build proactive and profitable growth strategies.


  • The ICT market in Germany is expected to grow at a CAGR of 92% over the forecast period.

  • The country’s top three product/service categories - IoT Software, SaaS, and Systems Design and Integration.

  • IoT Software is expected to be the leading ICT product/service segment in Germany during the forecast period.


Frequently asked questions

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