Forecast: Production of ICT Services in Germany

The production of ICT services in Germany exhibited a general upward trend from 2013 to 2023, with significant growth volatility. Starting at €12.58 billion in 2013 and rising to €23.31 billion in 2023, the sector has more than doubled. The production witnessed a noticeable dip in 2020 due to external factors, followed by a strong recovery in the subsequent years, although the most recent year-on-year growth rate in 2023 was more moderate at 2.90%. The five-year CAGR culminating in 2023 stands at 3.28%, reflecting a steady annual increase.

From 2024 onwards, forecasts indicate continued growth with a projected increase to €26.77 billion by 2028. The forecasted five-year CAGR is lower at 2.15%, suggesting a potential deceleration in growth rates. Such trends highlight a period of slower but consistent expansion over the next five years.

Future trends to watch for include the impact of emerging technologies such as AI, 5G, and IoT on the ICT services market, as well as potential economic and geopolitical factors that might influence investment and growth rates. Additionally, the ongoing digital transformation across various sectors could drive further demand for ICT services, providing opportunities for innovation and market expansion.