Billion-dollar Germany- IT Market to exhibit market growth at a CAGR of 4.12% through 2023-2027  

Billion-dollar German IT Market is estimated to grow at a CAGR of 4.12% between 2022 and 2027 followed by a humongous market revenue of USD 30.34 Bn. The rising adoption of IT solutions among SMEs in Germany, the increased adoption of cloud-based services by enterprises, and the increasing digital infrastructure in Germany are some of the primary growth drivers of the market expansion

When it comes to market segmentation, the German IT market can be classified by end-user (manufacturing, government, BFSI, ICT, and business services and others) and application (large enterprises and SMEs).

Technavio has been monitoring the Germany-IT Market's growth trajectory, the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

Germany-IT Market Analysis

Navigating through the eccentric Business drivers of the Germany-IT Market : In Germany, SMEs are the backbone of the German economy and represent more than 99% of all companies in the country and are known for introducing and actively promoting innovation at the product and process levels. The rising adoption of IT solutions among SMEs in Germany is notably driving the German IT market adoption.

It has been observed Small and medium-sized businesses in Germany are making extensive use of technologies such as cloud computing, big data, and the Internet of Things (IoT) to improve operational efficiency and find new ways to generate revenue followed by substantial investment as Digitization is one of the key priorities for German medium-sized companies.

For example, the Automotive group, Volkswagen has set up several self-managed production facilities to automate individual steps of the manufacturing process. Several companies are taking a holistic approach and looking to digitize the entire value chain, including the procurement, production, and delivery of products and services.

Market Trend Analysis: When it comes to understanding market trends, Government support for AI is trending in the German market. The federal government encourages companies to consider all application areas for AI-based solutions.

As per data from, a 2018 study commissioned by the Federal Ministry for Economic Affairs and Energy, AI is expected to boost the country's manufacturing output by more than USD 34.35 billion by 2023.

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Core Companies of the Germany-IT Market: Some of the prominent names worth mentioning which come with a wide range of offerings are badenIT GmbH, 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, etc. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.