Based on the figures of “trading economics” and the EITO (European IT Observatory) we prepared some statements to give an overview about the european markets, their size and investment in ICT technology.
Based on the ICT investment the markets UK and Germany are more or less equal in size (around 176 billion $). If we take a closer look to the cloud-market we see UK with 8.9 billion $ at the top of European Countries. The economic stability of Germany is one of the best compared to other countries in Europe with a GDP of 3.8 trillion $ and a growth rate of 1,3 % (both March 2016). The unemployment rate for Germany is 4.2% (April 2016).
France (62 billion $) and Italy are following Germany and UK based on the ICT investment. If we would include Turkey in this ranking, it would be on number 5 with around 22 billion $. Spain is coming up very speedy (GDP growth rate 3,4%) after the economic crisis over the last years.
Sources:
Tradingeconomics.com
EITO (European IT Observatory)