The analysis of European production of ICT services for 2024 reveals Germany leading with 23.31 billion euros, followed by France at 19.28 billion euros, and Ireland at 18.13 billion euros. Other notable contributions include the Netherlands with 8.11 billion euros and Belgium with 2.65 billion euros. Smaller markets such as Slovakia, Greece, and Slovenia contribute 1.12 billion euros, 0.44904 billion euros, and 0.21959 billion euros respectively.
Year-on-year variations in 2023 showed growth across all markets with Belgium experiencing the highest increase at 6.58%, followed by Slovakia at 4.11%, and the Netherlands at 3.54%. Germany, France, and Ireland had growth rates of 3.28%, 3.76%, and 2.78% respectively. Greece and Slovenia had increases of 3.09% and 3.0%.
Future trends to watch include continued growth in high-value markets like Germany, France, and Ireland, which may increasingly dominate the European ICT services sector. Emerging markets such as Slovakia and smaller contributors like Slovenia and Greece may also see significant growth, driven by increasing digital transformation efforts and investments in ICT infrastructure across Europe.
Top countries in Production of ICT Services by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,310 | 2023 | +2.9% | +3.28% | View data |
| 2 | 2 France | 19,280 | 2023 | +2.89% | +3.76% | View data |
| 3 | 3 Ireland | 18,130 | 2023 | +2.38% | +2.78% | View data |
| 4 | 4 Netherlands | 8,110 | 2023 | +4.86% | +3.54% | View data |
| 5 | 5 Belgium | 2,650 | 2023 | +4.09% | +6.58% | View data |
| 6 | 6 Slovakia | 1,120 | 2023 | +3.77% | +4.11% | View data |
| 7 | 7 Greece | 449.04 | 2023 | +3.13% | +3.09% | View data |
| 8 | 8 Slovenia | 219.59 | 2023 | +3.53% | +3% | View data |
