German IT Market (Services, Software & Hardware): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
December 2022
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Executive Summary
The German IT market is expected to record a
value of US133.02 billion in 2026, growing at a
CAGR of 3.08, for the time period of 2022-2026.
The factors such as growth in cloud computing
services, upsurge in information and
communication technology (ICT) security,
escalating demand for big data, growing
penetration of internet, growth in number
software and IT services companies and rapid
urbanization would drive the growth of the
market. However, the market growth would be
challenged by shortage of skilled IT workforce,
shortage of skilled it workforce and new security
threats. A few notable trends may include rising
adoption of internet of thing (IoT), growth in
number of IT employees, escalating use of IT
consultation services, expansion of small and
medium enterprises (SMEs) and accelerating new
technological trends. Germany has been perceived
as a leader in digital and technological spheres
not only in Europe but worldwide. In Germany, the
IT sector is growing through a remarkable
evolutionally process. Companies in the IT sector
are continuously innovating with their products
in order to attract customers in the name of
digitalization. The German IT market has been
segmented on to the basis of product type into IT
services, software and IT Hardware. IT services
dominate the IT industry in Germany as
organizations are looking out more for third
party IT professionals for the enhancement of in
their technological capabilities. In addition,
small and medium enterprises (SMEs) are exploring
new avenues to generate revenue and enhance their
operational efficiency, encouraging them to
invest heavily in IT services. Whereas, software
segment is also growing at a considerable pace
with the rising adoption rate of IT solutions
among organizations. While, rising deployment
hardware systems across various industries are
luring the growth of hardware segment.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
3
Executive Summary

• Scope of the report
• The report provides a comprehensive analysis of
  the German IT market.
• The market dynamics such as growth drivers,
  market trends and challenges are analyzed
  in-depth.
• The competitive landscape of the market, along
  with the company profiles of leading players
  (Bachtle, Allgeier, Adesso, GFT Technologies, All
  for One Group and Cenit) are also presented in
  detail.
• Key Target Audience
• IT Service Providers
• Software Development Professionals
• IT Hardware Manufacturers and Suppliers
• Potential Audience (IT companies, Third party IT
  professionals, Business Entities)
• IT consultants
• Investment Banks
• Government Bodies Regulating Authorities

German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
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Report Coverage
Introduction/Market Overview
German Market Analysis
Market Dynamics Drivers, Trends Challenges
Competitive Landscape
Company Profiles
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
5
Strategic Technology Trends
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
6
IT Market by Product Types
The German IT market has been segmented on to the
basis of product type into IT services, software
and IT Hardware. IT services dominate the IT
industry in Germany as organizations are looking
out more for third party IT professionals for the
enhancement of in their technological
capabilities. In addition, small and medium
enterprises (SMEs) are exploring new avenues to
generate revenue and enhance their operational
efficiency, encouraging them to invest heavily in
IT services. Whereas, software segment is also
growing at a considerable pace with the rising
adoption rate of IT solutions among
organizations. While, rising deployment hardware
systems across various industries are luring the
growth of hardware segment.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
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German IT Market Forecast by Value
German IT Market Forecast by Value, 2017-2026
(US Billion)
13
12
11
10
9
7
6
5
4
3
2017
2018
2019
2020
2021
2022E 2023E 2024E 2025E 2026E
Note These are dummy figures. Please purchase
the report for actual figures.
The German IT market is expected to reach USxx
billion in 2026, increasing from USxx billion in
2022, at a CAGR of xx, for the duration spanning
2022-2026. The German IT sector is developing
much faster than a number of traditional core
sectors of the economy. The adoption of cloud
services is being accelerated at a vast pace, as
cloud implementation is playing a major role in
overall digitalization efforts of organizations,
which is likely contribute to the growth of the
German IT market.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
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German IT Market by Product Type
German IT Market by Product Type, 2021()
IT Hardware 20
IT Services 50
Software 30
Note These are dummy figures. Please purchase
the report for actual figures.
On the basis of product type, the German IT
market has been segmented into IT services,
Software and IT Hardware. In 2021, IT services
accounted for the highest share in the German
market with xx, followed by software and IT
hardware with xx share and xx share,
respectively.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
9
German IT Services Market Forecast by Value
German IT Services Market Forecast by Value,
2017-2026 (US Billion)
13
12
11
10
9
7
6
5
4
3
2017
2018
2019
2020
2021
2022E 2023E 2024E 2025E 2026E
Note These are dummy figures. Please purchase
the report for actual figures.
The German IT services market is expected to
reach USxx billion in 2026, increasing from
USxx billion in 2022, at a CAGR of xx, for the
duration spanning 2022-2026. A lot of companies
are hiring third party IT professionals to get
their technical work done, driving the demand for
IT services, which is likely to contribute to the
growth of its market growth in Germany.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
10
German Software Market Forecast by Value
German Software Market Forecast by Value,
2017-2026 (US Billion)
13
12
11
10
9
7
6
5
4
3
2018
2019
2020
2021
2022E 2023E 2024E 2025E 2026E
2017
Note These are dummy figures. Please purchase
the report for actual figures.
The German software market is expected to reach
USxx billion in 2026, increasing from USxx
billion in 2022, at a CAGR of xx, for the
duration spanning 2022-2026. Small and medium
sized enterprises (SMEs) are investing a
significant amount of funds in the development of
new and innovative software to create a
significant customer base and generating more
jobs for people, which is likely to promote the
growth of the German software market during the
forecasted period.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
11
German IT Hardware Market Forecast by Value
German IT Hardware Market Forecast by Value,
2017-2026 (US Billion)
13
12
11
10
9
7
6
5
4
3
2018
2019
2020
2021
2022E 2023E 2024E 2025E 2026E
2017
Note These are dummy figures. Please purchase
the report for actual figures.
The German IT hardware market is expected to
reach USxx billion in 2026, increasing from
USxx billion in 2022, at a CAGR of xx, for the
duration spanning 2022-2026. Countries like the
U.S. and China investing a considerable amount of
funds in the German ICT industry to expand the
product line of computer systems, which is also
providing a growth opportunity to the IT
hardware market in Germany.
German IT Market (Services, Software Hardware)
Insights Forecast with Potential Impact of
COVID-19 (2022-2026)
12
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