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Community News, MAG 21-03

Growth despite Covid-19

2020 was clearly marked by the economic crisis caused by Covid-19. Nevertheless, a very differentiated situation is seen in the IT market.
E-3 Magazine
April 29, 2021
Content:
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This text has been automatically translated from German to English.

While the market for IT consulting and personnel services/staff leasing has shrunk sharply, cloud-related services have almost maintained the growth momentum of the pre-crisis period. On the one hand, the crisis has created enormous cost pressure in many industries; on the other hand, it has prompted many companies to accelerate their digital transformation.

The growth themes have remained more or less the same. The strongest drivers for growth and change remain cloud transformation as well as analytics, AI (artificial intelligence) and automation, supported by agile and DevOps models. These levers play a key role in digital transformation.

ITservices-growth-rates-19-21_cmyk
On a global level, IT services are expected to grow at a similar rate to 2019. The cloud remains the most important growth driver
(Source: Teknowlogy)

Overall, a significant recovery is expected for 2021, starting from a low comparative level. At global level, a similar growth rate to 2019 can be expected for both software and IT services, although there will be significant differences between the segments (products and services, industries, themes, countries and regions), as in 2020. The cloud remains the most important growth driver. Excluding public IaaS/PaaS, growth of 3.2 percent can be expected for the IT services market.

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The event is organized by the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes attendance at all presentations of the Steampunk and BTP Summit 2025, a visit to the exhibition area, participation in the evening event and catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due course.