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IT market - USA and China outpace Europe

The USA continues to have by far the largest share of the global IT market. Business with IT is also growing particularly dynamically in China, albeit still at a low level.
E-3 Magazine
March 24, 2020
Content:
IT market - USA and China outpace Europe
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This text has been automatically translated from German to English.

The market for information technology and telecommunications (ICT) products and services in the European Union will grow stably in 2019, but at a slower rate than in the previous year.

ICT sales in the EU countries are expected to increase by 2.4 percent this year to 653 billion euros. Last year, the increase was slightly higher at 2.9 percent.

This was announced by the digital association Bitkom on the basis of a recent study by the European Information Technology Observatory (EITO). As in previous years, the IT business is outperforming the telecommunications market.

According to the forecast, sales of IT hardware, IT services and software will rise by 3.0 percent to 357 billion euros, with Ireland (up 6.6 percent), Finland (up 4.1 percent) and Sweden (up 4.0) recording the strongest growth rates among the Northern and Western European countries.

In the eastern EU countries, the Czech Republic (plus 6.6 percent), Bulgaria (plus 6.5 percent) and Croatia (plus 5.2 percent) are leading the way. By contrast, the telecommunications market in the EU is growing more weakly - by 1.7 percent to 296 billion euros.

According to the EITO forecast, global ICT sales will increase by 2.8 percent to 3.2 trillion euros. The market for information technology will grow globally by 4.1 percent to EUR 1.5 trillion, while growth in telecommunications will be 1.7 percent to EUR 1.7 trillion.

In an international comparison, the ICT markets in India (plus 8.7 percent), Brazil (plus 6.8 percent), Russia (plus 6.0 percent) and Turkey (plus 5.1 percent) are growing particularly strongly.

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Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is 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 the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the 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 time.