German IT: Excellent Q1/2010
Germany's IT had an excellent first quarter 2010. After
year 2009, the market is growing again and 2 of 3 vendors report a
growth in revenues compared to Q1/2009. The big 5 German IT
distributors and 3 big German system integrators all report an
Last year's IT investment backlog is dissolving. The
consumer market continues to be strong, especially the sectors
smartphones, mobile computing, and flat screen tvs.
After these good news about Q1 the forecasts for 2010
have been updated. It is observed that German company's
invest in IT systems is growing again. While the manufacturing
trade still suffers due to the worldwide financial crisis, the
financial sector (e. g.: banks, insurances) returns to be a leading
investor. Also the energy sector and the public sector are recognized
as strong investors.
Software vendors (14.5 billion Euro, +1%) and IT service
providers (33 billion Euros, +2.2%) benefit most from the current
trends: Cloud Computing, mobile Internet and the slow-burner IT
security. The concept to use software and hardware performance on
demand is succeeding everywhere. Hardware vendors can expect
the same market size as 2009 (17 billion Euros). Project growth is
compensated by the price decline.