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About this market
The increased adoption of cloud-based services is one the key factors expected to trigger the IT market in Germany during the forecast period. German enterprises are restructuring their businesses for surviving and succeeding in this digital age. Cloud-based solutions help German enterprises in revamping their business models by leveraging modern technologies including Big Data, AI, and IoT, while providing a robust platform for the digital transformation of their businesses. Cloud-based solutions often offer cost-effectiveness, flexibility, and scalability to the enterprises, thus, boosting the IT market in Germany. analysts have predicted that the IT market will register a CAGR of close to 3% by 2023.
Market Overview
Digital infrastructure in Germany
One of the growth drivers of the IT market in Germany is the digital infrastructure in Germany. Germany is investing in the development of a country wide connected infrastructure to facilitate information storage in centralized systems and real time exchange of data across departments. As a result, the demand for IT and services in the country is high.
Shortage of skilled IT professionals
One of the challenges in the growth of the IT market in Germany is the shortage of skilled IT professionals. Lack of skilled IT professionals in the areas of cloud, AI, Big Data, and IoT can severely impact the digital transformation initiatives of German enterprises, which will hamper the growth of the IT market in Germany.
For the detailed list of factors that will drive and challenge the growth of the IT market in Germany during 2019-2023, view our report.
Competitive Landscape
The market appears to be highly fragmented with the presence of several market players. German enterprises are expanding their business overseas by using Big Data tools to optimize their production, logistics, and sales processes. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The increased adoption of cloud-based services is one the key factors expected to trigger the IT market in Germany during the forecast period. German enterprises are restructuring their businesses for surviving and succeeding in this digital age. Cloud-based solutions help German enterprises in revamping their business models by leveraging modern technologies including Big Data, AI, and IoT, while providing a robust platform for the digital transformation of their businesses. Cloud-based solutions often offer cost-effectiveness, flexibility, and scalability to the enterprises, thus, boosting the IT market in Germany. analysts have predicted that the IT market will register a CAGR of close to 3% by 2023.
Market Overview
Digital infrastructure in Germany
One of the growth drivers of the IT market in Germany is the digital infrastructure in Germany. Germany is investing in the development of a country wide connected infrastructure to facilitate information storage in centralized systems and real time exchange of data across departments. As a result, the demand for IT and services in the country is high.
Shortage of skilled IT professionals
One of the challenges in the growth of the IT market in Germany is the shortage of skilled IT professionals. Lack of skilled IT professionals in the areas of cloud, AI, Big Data, and IoT can severely impact the digital transformation initiatives of German enterprises, which will hamper the growth of the IT market in Germany.
For the detailed list of factors that will drive and challenge the growth of the IT market in Germany during 2019-2023, view our report.
Competitive Landscape
The market appears to be highly fragmented with the presence of several market players. German enterprises are expanding their business overseas by using Big Data tools to optimize their production, logistics, and sales processes. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
