Reportstack has announced a new market research report on the IT Market in Germany 2015-2019. Increased adoption of cloud computing is one of the major trends being witnessed in this market. Cloud computing offers new opportunities for growth across various verticals of IT firms. It is used to maintain data and applications with the help of central remote servers. The IT market in Germany is expected to grow at a CAGR of 3.85 percent during the forecast period of 2014-2019.
Numerous important factors such as government initiatives to promote the growth of the IT sector enable the growth of the IT market in Germany. Also, emerging technologies such as cloud computing, mobile technologies, adequate internet or bandwidth connection, strictest interpretations of the EU data privacy legislation, and analytics are expected to propel the growth of the market during the forecast period.
Several research-intensive and high-tech industries are located in this country, followed by Japan, the rest of the EU, and the US. Germany has established more than 30 ICT and IT parks and centers that help develop and transfer technology and information.
“Currently, organizations are adopting green IT initiatives to curb issues such as increased carbon footprints, energy bills, and other environmental concerns,”.
“These initiatives require the company to create a baseline for energy usage and carbon footprint, to develop detailed roadmaps, and implement specific technologies for green IT initiatives.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To access full report with TOC, please visit IT Market in Germany 2015-2019.