In 2023, the production of ICT and Information Services in Germany stood at EUR 189.3 billion. The sector exhibited a compound annual growth rate (CAGR) of 5.98% from 2018 to 2022, but recent years indicate a moderation with a 3.96% CAGR and a year-on-year increase of 3.31% in 2023.
Over the longer period from 2013 to 2023, the industry experienced dynamic growth phases interrupted by occasional slowdowns, such as in 2020. The forecasted CAGR from 2024 to 2028 is expected to be 2.42%, suggesting a more moderated growth trajectory at a forecasted overall increase of 12.72% over the period.
Future trends to watch for include:
- Continued digital transformation and adoption of emerging technologies.
- Increasing emphasis on cybersecurity and data privacy regulations.
- Potential impacts from global economic conditions and supply chain disruptions.
- Movement towards sustainability and green technology within the ICT sector.
