Digitalization of the economy drives demand for information technology
Posted: Wed Jan 29, 2025 9:26 am
Information technology continues to gain importance as the largest segment of the industry. According to Bitkom calculations, sales in this area will rise by 2.7 percent to 95.4 billion euros in 2020. The software sector will grow the most, with an increase of 6.4 percent to 27.6 billion euros. The market for IT services, including project business and IT consulting, will also grow at an above-average rate of 2.4 percent to 41.9 billion euros.
"Companies are changing their organizational structure and developing digital strategies, iran gambling data which is stimulating demand for IT consulting and software applications." The IT hardware business, on the other hand, is expected to decline slightly. Sales are expected to fall by 0.4 percent to 25.9 billion euros.
Telecommunications services are under pressure
Telecommunications is expected to continue the growth of the past two years. In 2020, the market is expected to grow by 0.9 percent to 68.8 billion euros. According to Bitkom calculations, telecommunications services will generate 48.8 billion euros, which corresponds to a moderate increase of 0.4 percent. The end device business will grow to 12.8 billion euros (+2.5 percent). Investments in infrastructure will increase by 2.0 percent to 7.2 billion euros.
"Last year, network operators spent billions to auction off the 5G frequencies," says Berg. "Network operators' revenue growth is hovering around zero, while at the same time they are being asked to invest billions in the networks. Network operators are under massive pressure and now need stable investment conditions instead of ever new discussions about the framework conditions for network expansion."
"Companies are changing their organizational structure and developing digital strategies, iran gambling data which is stimulating demand for IT consulting and software applications." The IT hardware business, on the other hand, is expected to decline slightly. Sales are expected to fall by 0.4 percent to 25.9 billion euros.
Telecommunications services are under pressure
Telecommunications is expected to continue the growth of the past two years. In 2020, the market is expected to grow by 0.9 percent to 68.8 billion euros. According to Bitkom calculations, telecommunications services will generate 48.8 billion euros, which corresponds to a moderate increase of 0.4 percent. The end device business will grow to 12.8 billion euros (+2.5 percent). Investments in infrastructure will increase by 2.0 percent to 7.2 billion euros.
"Last year, network operators spent billions to auction off the 5G frequencies," says Berg. "Network operators' revenue growth is hovering around zero, while at the same time they are being asked to invest billions in the networks. Network operators are under massive pressure and now need stable investment conditions instead of ever new discussions about the framework conditions for network expansion."