The Germany’s IT Market is estimated to grow by $31.3 USD by 2028, a new report has found.

The IT market in Germany is estimated to grow by $31.3 USD by 2028, a new report has found. This equates to an annual growth rate of almost 4.07%, spurred on by increased adoption of IT solutions within SMEs and big data solutions within enterprises.

Despite this growth, German businesses will face challenges in recruitment and retention due to a shortage of skilled IT professionals, according to the report by technology research and advisory company Technavio. And yet, Germany is the third most technically proficient country in Europe.

“Insufficient professional qualifications limit the pool of potential candidates for open positions,” the authors wrote in a press release. “In response, professionals with the necessary qualifications, experience, and skillsets command high salaries. Consequently, small and medium enterprises, as well as the public sector, struggle to find suitable candidates.”

Shortfalls in this area could be made up for by Germany’s dedication to AI investment. Just this month, renowned publisher Wiley found that 57% of researchers in Germany are integrating AI into their work, which is much higher than the global adoption rate of 44%. The country is also regarded as being in the top 10 of global AI leaders.

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Source : https://www.techrepublic.com/article/german-it-market-growth/