Forecast: Output of IT Services in Germany

The output of IT services in Germany experienced a steady increase from 2013 to 2023, starting at €111.95 billion and reaching €194.05 billion in 2023. This represents a transition from actual to forecasted data post-2023. Over the last two years, the market showed a variation of 4.16% in 2022 and 3.96% in 2023, marking a modest yet steady growth trajectory. The CAGR over the last five years stood at 4.37%, indicating consistent growth albeit at a slightly decreasing rate.

Future trends to watch for:

• Projected growth at a slower 5-year CAGR of 2.69%, suggesting a maturity stage in the market.
• Overall 5-year forecasted growth rate of 14.17% from 2023 to 2028, indicating sustained expansion despite a decelerating CAGR.