German IT (Services, Software and Hardware) Market Overview and Forecast Report 2021-2025 with Potential Impact of COVID-19

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DUBLIN, November 10, 2021 / PRNewswire / – The “German IT market (services, software and hardware): information and forecast with a potential impact of COVID-19 (2021-2025)” report was added to ResearchAndMarkets.com offer.

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The German IT market is expected to register a value of 129 billion US dollars in 2025, with a CAGR of 3.1%, for the period 2021-2025.

Factors such as growth in cloud computing services, upsurge in information and communication technology (ICT) security, increasing demand for big data, increasing internet penetration, Growth in the number of software and IT service companies and rapid urbanization are expected to drive the market growth.

However, market growth could be hampered by a shortage of skilled IT workforce, shortage of skilled IT workforce, and new security threats. Some notable trends may include the growing adoption of the Internet of Things (IoT), the growth in the number of IT employees, the increasing use of IT consulting services, the expansion of small and medium-sized enterprises (SMEs) and the acceleration of new technological trends.

Germany has been seen as a leader in the digital and technological spheres not only in Europe but global. In Germany, the IT sector is developing thanks to a remarkable process of evolution. Companies in the IT industry are constantly innovating with their products in order to attract customers in the name of digitization.

The German IT market has been segmented on the basis of product type into IT services, software and hardware. IT services dominate the IT industry in Germany as organizations increasingly seek out third-party IT professionals to enhance their technology capabilities.

In addition, small and medium-sized enterprises (SMEs) are exploring new avenues to generate revenue and improve their operational efficiency, encouraging them to invest heavily in IT services.

Whereas, the software segment is also growing at a tremendous rate with the increasing adoption rate of IT solutions among organizations. While the increase of hardware deployment systems in various industries are attracting the growth of the hardware segment.

Main topics covered:

1. Market overview

1.1 Introduction
1.2 Characteristics of information technology (IT)
1.3 Main components of the IT system
1.4 Fields of application of IT
1.5 Strategic technological trends

2. Impact of COVID-19

2.1 Growing penetration of digital payment
2.2 Influence on the acceptance of electronic commerce
2.3 Adoption of e-learning systems
2.4 germany Digital health reforms in COVID-19

3. Analysis of the German market

3.1 German IT Market by Value
3.2 Germany IT Market Forecast by Value
3.3 German IT Market by Product Type
3.3.1 German IT services market in value
3.3.2 Germany IT Services Market Forecast by Value
3.3.3 German Software Market by Value
3.3.4 Germany Software Market Forecast by Value
3.3.5 German computer hardware market in value
3.3.6 Germany Computer Hardware Market Forecast by Value

4. Market dynamics

4.1 Growth drivers
4.1.1 Growth of cloud computing services
4.1.2 Rise in Information and Communication Technology (ICT) Security
4.1.3 Increasing demand for big data
4.1.4 Growing Internet Penetration
4.1.5 Growth in the number of software and IT services companies
4.1.6 Rapid urbanization
4.2 Key trends and developments
4.2.1 Growing Adoption of Internet of Things (IoT)
4.2.2 Growth in the number of IT employees
4.2.3 Growing use of IT consulting services
4.2.4 Expansion of small and medium-sized enterprises (SMEs)
4.2.5 Accelerate new technological trends
4.3 challenges
4.3.1 Outsourcing risk
4.3.2 Shortage of skilled IT workforce
4.3.3 New security threats

5. Competitive landscape

5.1.1 Key players – Income comparison
5.1.2 Key players – Comparison of stock market capital
5.1.3 Market Share of IT Services Market by Top 10 Players

6. Company profiles

6.1 Company overview
6.2 Financial overview
6.3 Business strategies

  • Bachtle

  • Allgeier

  • Adesso

  • GFT Technologies

  • All for a group

  • Cenit

For more information on this report, visit https://www.researchandmarkets.com/r/jkuia5

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