Based on the analysis of the European Turnover of ICT Share by Country for 2024, Germany holds the highest share with 17.35 million euros, followed by the United Kingdom with 16.84 million euros, and Ireland with 13.42 million euros. France and Italy show substantial shares at 11.69 and 5.36 million euros respectively. However, Italy saw a slight decline of 1.44% year-over-year.
Prominent year-on-year variations include significant growth in Ireland (13.89%), the Netherlands (2.54%), and Portugal (5.97%). Noteworthy declines occurred in Greece (-1.65%) and Iceland (-2.44%). The five-year CAGR highlights sectors with strong performance, with Lithuania (10.66%) and Bulgaria (9.91%) exhibiting consistent upward trends.
Future trends to watch for in the European ICT market involve increasing digital transformation across various sectors, growth in cloud computing, and rising adoption of AI and IoT technologies, which could potentially bolster countries like Ireland and the Netherlands with robust ICT infrastructure and innovation.
Key points on future trends:
- Increasing digital transformation.
- Growth in cloud computing and AI adoption.
- Potential uplift for countries with advanced ICT ecosystems.
Top countries in Turnover of ICT Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.35 | 2023 | +1.92% | +1.25% | View data |
| 2 | 2 United Kingdom | 16.84 | 2023 | +1.24% | +1.16% | View data |
| 3 | 3 Ireland | 13.42 | 2023 | +8.31% | +13.89% | View data |
| 4 | 4 France | 11.69 | 2023 | +0.66% | +1.06% | View data |
| 5 | 5 Italy | 5.36 | 2023 | -1.5% | -1.44% | View data |
| 6 | 6 Netherlands | 4.64 | 2023 | +2.78% | +2.54% | View data |
| 7 | 7 Spain | 4.56 | 2023 | -0.57% | -0.52% | View data |
| 8 | 8 Sweden | 4.17 | 2023 | +3.24% | +4.15% | View data |
| 9 | 9 Switzerland | 3.48 | 2023 | +3.33% | +4.38% | View data |
| 10 | 10 Poland | 2.46 | 2023 | +3.11% | +3.36% | View data |
