In 2023, Germany led Europe's ICT and Information Services production, with its volume valued at 190.62 billion euros, reflecting a 4.11% increase over the previous year. France followed with 119.55 billion euros and a 3.58% annual growth. Italy's production volumes reached 65.26 billion euros, with a growth of 1.23%. The Netherlands registered a 3.43% increase, while Belgium (4.06%) and Luxembourg (4.72%) also showed significant uplifts. Austria, Finland, Greece, Estonia, and Slovenia showed moderate growth, ranging from 2.63% to 4.16% year-on-year. Collectively, these trends highlight a robust growth trajectory across major European players.
Looking ahead, the European ICT and Information Services sector is likely to focus on digital transformation, driven by advances in AI, 5G, and cybersecurity. Increasing investments in technology infrastructure and a growing emphasis on sustainability and data privacy will continue to shape production volumes in this dynamic and expanding market.
Top countries in Production Volumes of ICT and Information Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 190,620 | 2023 | +3.41% | +4.11% | View data |
| 2 | 2 France | 119,550 | 2023 | +2.79% | +3.58% | View data |
| 3 | 3 Italy | 65,260 | 2023 | +1.39% | +1.23% | View data |
| 4 | 4 Netherlands | 54,790 | 2023 | +3.4% | +3.43% | View data |
| 5 | 5 Belgium | 23,880 | 2023 | +3.17% | +4.06% | View data |
| 6 | 6 Luxembourg | 23,520 | 2023 | +4.97% | +4.72% | View data |
| 7 | 7 Austria | 14,990 | 2023 | +2.53% | +2.72% | View data |
| 8 | 8 Finland | 13,490 | 2023 | +2.94% | +2.63% | View data |
| 9 | 9 Greece | 2,700 | 2023 | +2.75% | +3.34% | View data |
| 10 | 10 Estonia | 1,770 | 2023 | +4.31% | +4.16% | View data |
