Forecast: IT Services Output in Germany

The IT services output in Germany reached 223.79 billion Euros in 2023. Observing the trends from 2013 to 2023, there has been a consistent growth with notable year-on-year variations, peaking in 2018 and 2021 with significant climbs of 14.17% and 16.71% respectively. The compound annual growth rate (CAGR) averaged 7.39% over the last five years, marking a robust upward trend.

The forecasted data indicate continued expansion, albeit at a moderate pace, with an expected CAGR of 4.13% from 2024 to 2028. This suggests a future growth rate of 22.43% over the next five years, highlighting a stable yet decelerating momentum.

Key future trends to watch for include:

- Increased adoption of emerging technologies like AI and cloud computing
- Continued digital transformation across sectors
- Emphasis on cybersecurity services and solutions
- Expansion of IT service exports and increased global collaboration