According to research by Gartner, the volume of the European market for IT goods in 2023 amounted to 1.4 trillion US dollars. This is 6.5% more than in 2022. Market growth is driven by increasing demand for IT hardware, software, and services in various sectors of the economy, including healthcare, education, manufacturing, and commerce.
The main drivers of the growth of the European market of IT goods are:
Increasing demand for cloud computing, artificial intelligence and other advanced IT technologies.
Growing investments in digital business transformation.
Increase in the number of users of smartphones and other mobile devices.
In the structure of the European market of IT goods, the largest share is occupied by software, which accounts for about 50% of the market. This is followed by IT equipment (25%) and services (25%).
The leaders of the European market of IT goods are the following countries:
Germany (30%)
Great Britain (20%)
France (15%)
Italy (10%)
Spain (5%)
It is expected that the growth of the European market of IT goods will continue in the coming years. According to Gartner forecasts, the market volume in 2024 will be 1.5 trillion US dollars.
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