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Germany – the entrance gate to Europe’s software market

Based on figures of GTAI (Germany Trade & Invest) we get an overview of Germany’s deep impact on Europe’s software market. It calls Germany as „the single largest software market in Europe“ with a value of EUR 21.4 billion (in 2016) and forecasts EUR 25.0 billion for 2019, also confirmed by Statista.

As mentioned in Eito’s researches Germany’s total ICT market reached 2016 the dimension of EUR 160,5 billion in which software makes a share in the communication sector (complete EUR 66,9 billion) of 13.5% together with IT services 23,9% and hardware 15.2%.

In 2015 this meant nearly a quarter of Europe’s software market with 24.4 percent (Germany EUR 20.2 billion), as well approved by Statista. The UK, France and Italy are following.

According to „trading economics“ Germany stands for an economy with best stability by a GDP of $ 3.3 trillion (January 2017) and a annual growth rate of 1.50% (in 2016) compared to other countries in Europe. The jobless rate is 4.10% (also January 2016).

Due to GTAI’s research the big themes like „Big Data“, „IT-Security“, „Cloud Computing“ e.g. are well based in Germany.  Alone from 2015 Big Data value grew from 1.3 to 1.8 million euros in 2016 and is expected by EUR 3.7 million in 2020.

Source: GTAI

Bitkom – Eito’s ICT figures Germany

Statista – German software market

Statista – European software market

trading economics