In 2023, Germany led the European market with a value of 33.18 million euros, followed by France and Italy. Ireland showed a robust growth rate of 7.68%, indicating a dynamic shift in its ICT sector. Countries like Slovakia, Estonia, and Luxembourg experienced significant increases, suggesting emerging potential in smaller markets. The compound annual growth rate (CAGR) analysis over the past five years highlighted steady progress across all regions, reflecting Europe's expanding digital economy.
Future trends to watch include technological advancements such as AI and machine learning, increased digital transformation efforts across sectors, and potential regulatory changes which may impact value distribution across European ICT and Information Services.
Top countries in Value Added of ICT and Information Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.18 | 2023 | +3.17% | +3.79% | View data |
| 2 | 2 France | 22.03 | 2023 | +2.63% | +3.2% | View data |
| 3 | 3 Italy | 11.51 | 2023 | +2.14% | +1.89% | View data |
| 4 | 4 Ireland | 8.02 | 2023 | +5.16% | +7.68% | View data |
| 5 | 5 Netherlands | 7.85 | 2023 | +2.89% | +2.79% | View data |
| 6 | 6 Spain | 6.18 | 2023 | +2.46% | +2.3% | View data |
| 7 | 7 Belgium | 3.65 | 2023 | +3.34% | +4.62% | View data |
| 8 | 8 Austria | 2.5 | 2023 | +2.88% | +2.99% | View data |
| 9 | 9 Finland | 2.23 | 2023 | +2.93% | +2.86% | View data |
| 10 | 10 Slovakia | 0.88 | 2023 | +3.33% | +3.95% | View data |
