Germany’s Digital Economy to Break EUR 200B Mark

Digital is doing extremely well in Deutschland. That’s the conclusion of a new Bitkom study. It calculates that digital business in Europe’s largest economy will be worth EUR 203.4 billion this year.

That represents a year-on-year increase of 3.8 percent. It would be the first time turnover has passed the 200-billion-euro mark.

Bitkom also predicts 4.8 percent global growth in the sector, with total value reaching more than 4.3 trillion euros. The United States currently dominates digital industry with 35.7 percent of the world market. It’s followed by China, Japan, Britain and Germany.

“The digital sector in Germany continues to enjoy stable growth and is excellently positioned internationally,” says Asha-Maria Sharma, digital expert at Germany Trade & Invest, the country’s international business promotion agency. “The sector is at the heart of climate protection solutions, and new markets are opening up in a variety of areas, including mobility, health and production. Software and in particular artificial intelligence are two pillars. So there are many reasons for both international and domestic companies to expand.”