One of the main reasons for Germany’s IT success is that it has used domestic scientific research and experience to advance technologically, focusing on new goods and processes that are difficult to copy or undercut by lower wages. If you are a businessman or an immigrant coming to Germany to start a business in the IT or ICT sector, you need to know how fast the growth is; you should visit de.collected.reviews to learn more.
Despite the investment boom in low-wage countries, German industries maintained a dominating share of the world market for the ever more complicated equipment that weave, braid, and knit textiles. You will need help in the IT sector in Germany; HandyInRaten will be of use as you come into Germany.
Here are some of the notable growths in the German IT sector you should know.
·After the United Kingdom, Germany is the second-largest European market for security technology (5.9 billion euros).
As life, business, and industry become increasingly digital, the issue of IT system security develops. New cybersecurity risks increase the vulnerability of the IT sector, which is why the IT security sphere is fast growing in Germany and offering a plethora of new work opportunities for cybersecurity experts from across the world. Many of the country’s mid-sized businesses are only getting started with digitization, which puts them in danger and necessitates long-term IT security solutions.
The German security technologies industry is characterized by rapid expansion and systematic development, which assists in creating new prospects for investors and IT companies. In 2018-2021, Germany’s IT Security market was predicted to increase 9.2% year on year, which is the most optimistic forecast in Western Europe.
·With consistent year-on-year growth of 25%, the German cloud market is predicted to be the largest in the European Union by 2020.
According to the German Digital Association (BitKom), cloud technologies are used by two out of every three firms in the country. Cloud computing, together with Big Data and the Internet of Things (IoT), are driving technologies in Germany’s rapid digitization. According to several estimates, the country’s cloud services market will overtake the United Kingdom as the largest in Europe soon.
·With new products and services, Germany’s ICT sector generates almost 50 billion euros in income.
Germany’s ICT sector is the most innovative in the world. The corporations devote a significant portion of their profits to developing new technology and creating brand new products. These considerable investments are justified by the results: product innovations account for roughly 20% of the industry’s income. The percentage of German ICT enterprises that have released at least one new product or service in recent years is around 57 per cent.
·Human resources shortages
The German labour market is prepared to welcome as many persons as possible who attempt to gain entry. However, one of the most significant potential restraints on the country’s future growth is a shortage of high-skilled workers. Due to an ageing population, a decreasing number of young people, and low birth rates, Germany faces a classic situation where demographic indicators could stifle economic growth. The country needs enough specialists, particularly in the STEM (Science, Technology, Engineering, and Mathematics) sector.
Germany and the United Kingdom are now the equal top destinations for mobile tech talent migrating inside the European digital industry,” according to the State of European Tech report 2018. This influx is unlikely to slow down, as Germany’s tech market needs more workers, and IT experts from all over the world are drawn to Germany by greater earnings, expanded career options, and the benefits of living in one of the world’s most developed countries.
Nonetheless, the German technology sector is unquestionably thriving. Whether you’re looking to invest or start a business in Germany, there are numerous benefits for your business, including a stable and growing economy, qualified labour, a good position in the centre of Europe, reliable infrastructure, and established cooperation networks among various industries.