The European ICT sector in 2023 showed substantial diversity in turnover across countries. Germany led with €318.85 billion, closely followed by the UK and Ireland, while countries like Bosnia and Herzegovina recorded minimal turnover.
The highest year-on-year growth was seen in Cyprus (18.5%), while significant declines were noted in Italy and Greece. Over the past five years, ICT turnover has experienced varied average annual growth rates, reflecting differences in market maturity and investment.
Future trends to monitor include potential growth in Eastern European countries due to digital transformation initiatives, and increased focus on AI and cybersecurity driving ICT investments across Europe.
Top countries in Turnover of ICT by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 318,850 | 2023 | +1.92% | +1.25% | View data |
| 2 | 2 United Kingdom | 309,370 | 2023 | +1.24% | +1.16% | View data |
| 3 | 3 Ireland | 246,620 | 2023 | +8.31% | +13.89% | View data |
| 4 | 4 France | 214,740 | 2023 | +0.66% | +1.06% | View data |
| 5 | 5 Italy | 98,490 | 2023 | -1.5% | -1.44% | View data |
| 6 | 6 Netherlands | 85,330 | 2023 | +2.78% | +2.54% | View data |
| 7 | 7 Spain | 83,720 | 2023 | -0.57% | -0.52% | View data |
| 8 | 8 Sweden | 76,600 | 2023 | +3.24% | +4.15% | View data |
| 9 | 9 Switzerland | 64,030 | 2023 | +3.33% | +4.38% | View data |
| 10 | 10 Poland | 45,160 | 2023 | +3.11% | +3.36% | View data |
