Berlin, 20. September 2017
According to a new EITO report, demand for information and communications technology (ICT) is picking up speed across Europe. ICT revenues in EU member states are expected to increase by 1.8 percent to 683 billion Euros in 2017. Last year, the increase was slightly lower with 1.3 percent. As in the past few years growth is mainly driven by the market for information technology. Sales of IT hardware, IT services and software are expected to increase by 3 percent to 389 billion Euros. The telecommunications market is, growing at a much slower rate of 0.3 percent to 294 billion Euros. The software and IT services segments are showing the strongest growth, with an increase of 5.4 and 2.7 percent, respectively. “The solid growth in sales of software and IT-services reflects the ongoing digitization of the economy as a whole. Companies from all industries invest in digital technologies, such as cloud computing and big data", says Axel Pols, Managing Director at Bitkom Research. “In the telecommunications market, the decline of the past year was stopped because a 2.2 percent increase of investments in telecom equipment offset a 0.4 percent decrease of spending on telecom services.”
The source of the market data is the new ICT Market Report 2017/18 of the European IT Observatory (EITO).
Dr. Axel Pols, a.pols[at]bitkom-research.de