In 2024, Germany leads the European ICT output share, followed by France and the United Kingdom. Ireland and Switzerland are emerging as significant players, showing strong growth rates. Notably, countries like Romania, Luxembourg, and Cyprus are experiencing double-digit percentage increases year-on-year, indicating robust development in their ICT sectors. Traditional powerhouses, Italy and Spain, maintain moderate growth. Smaller countries such as Estonia, Lithuania, and Malta exhibit notable growth rates and potential for future expansion. Countries like Montenegro and Macedonia lag behind, reflecting minimal or negative growth.
Future trends to watch include the sustained growth of Ireland and Switzerland, given their favorable business environments. Rapid advancements in digital infrastructure and governmental support in Eastern Europe, notably Romania and Bulgaria, suggest a potential shift in the ICT landscape. The Nordic countries, despite smaller absolute sizes, show steady growth and could become more dominant players. Overall, the European ICT market is poised for further expansion, driven by technological advancements, policy support, and increasing demand for digital solutions.
Top countries in ICT Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.33 | 2023 | +4.19% | +4.77% | View data |
| 2 | 2 France | 13.02 | 2023 | +6.18% | +5.91% | View data |
| 3 | 3 United Kingdom | 12.49 | 2023 | +1.55% | +1.6% | View data |
| 4 | 4 Ireland | 11.53 | 2023 | +14.06% | +16.16% | View data |
| 5 | 5 Italy | 6.38 | 2023 | +2.49% | +1.87% | View data |
| 6 | 6 Spain | 5.3 | 2023 | +7.5% | +5.65% | View data |
| 7 | 7 Netherlands | 4.7 | 2023 | +5.01% | +4.62% | View data |
| 8 | 8 Sweden | 4.17 | 2023 | +3.06% | +6.83% | View data |
| 9 | 9 Switzerland | 3.55 | 2023 | +3.73% | +7.25% | View data |
| 10 | 10 Poland | 2.5 | 2023 | +3.98% | +7.15% | View data |
