Between 2013 and 2023, the value added of ICT and Information Services in Germany has increased steadily, starting from €64.64 billion in 2013 and reaching €105.8 billion in 2023. Over this period, the year-on-year variation has fluctuated, with notable highs such as an 11.93% increase in 2018, and minimal growth as seen in 2022 with a 1.32% rise. The Compound Annual Growth Rate (CAGR) over the past five years stood at 3.79%, reflecting moderate but consistent growth. The forecast for the next five years projects an average annual growth rate of 2.13%, indicating a somewhat slowing trend in terms of yearly increments but an overall growth of 11.09% by 2028.
Key future trends to watch for include:
• Digitization across various sectors, which is expected to drive demand for ICT and information services.
• Innovations in artificial intelligence and machine learning, potentially providing new growth opportunities.
• Potential impacts of global economic fluctuations and regulatory changes on the industry.
