Europe ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Europe ICT Companies and the Market is Segmented by Type (Enterprise Hardware, Enterprise Software, IT Services, Communication Services), by End-user Vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing), and by Country.

Europe ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe ICT Market Size

Europe ICT Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 12.50 %
Market Concentration Low

Major Players

Europe ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe ICT Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

Europe ICT Market Analysis

The Europe ICT Market is expected to register a CAGR of 12.5% during the forecast period.

  • According to the European Commission's economic strategy, information and Communication Technologies (ICTs) are one of the key drivers for smart, sustainable, and inclusive growth. ICTs and the internet permeate the European economy, the increased use of broadband applications and services, and the spread of wireless devices, including smart devices and their applications. They are transforming the structures and dynamics of European society by enabling people to organize their lives and businesses in new ways, build global networks, manage information and learn, socialize, and contribute to the pool of online knowledge.
  • The government is also initiating certain changes in the development of the European ICT sector. For instance, In April 2022, the European Commission released the 2022 Rolling Plan for ICT Standardisation. The Rolling Plan consists of four thematic areas supported by about 170 actions for ICT standardizations these types of intiatives drives the market growth.
  • Additionally, European ICT is estimated to be one of the emerging markets in the future, which requires hardware, software, and other IT services. The increasing penetration of technology giants in the country to take advantage of the Privatization in Europe.
  • People's spending on computers and screens has increased as the IT sector has developed. Increased technology usage to stay productive, communicate, enjoy, and study through larger displays drives the market growth. The rise of competitive gaming platforms like e-sports and the growing popularity of virtual gaming are driving demand and growth in the hardware devices such as computers, laptops, and tablets. It is challenging to overcome the market's high industrial competitiveness among enterprises to accept improved technology to provide users with more current displays at the lowest possible price.
  • While the COVID-19 epidemic has influenced European digital transformation, businesses are realigning their IT strategy, reducing operational expenses, automating operations, and deploying new technologies to increase efficiency. Robotic process automation, big data, artificial intelligence, machine learning, blockchain, cloud computing, the internet of things, cybersecurity, and augmented/virtual reality are all assisting businesses in achieving these goals.

Europe ICT Industry Overview

The Europe ICT Market is highly competitive, owing to the presence of several global players. These players are focusing on further expanding their client base across the region and are adopting both organic and inorganic growth strategies. The companies are leveraging strategic collaborative initiatives, acquisitions, and product launches to increase market share and profitability.

February 2022 - Lenovo IdeaPad Gaming 3i and Lenovo IdeaPad Gaming 3 laptops were launched at MWC 2022. Lenovo is aimed at student gamers. The company offers laptops in 15-inch and 16-inch display size options. The company provides an option to customers to purchase the laptops with either (up to) 12th Gen Intel Core i7 processors or AMD Ryzen 6000 Series chipsets.

Europe ICT Market Leaders

  1. IBM Corporation

  2. Cisco Systems, Inc.

  3. Samsung Electronics Co., Ltd

  4. Dell Inc.

  5. Fujitsu

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration.jpg
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Europe ICT Market News

  • March 2022- Apple Inc has launched the Apple iPad Air 5. It has the specifications of 64 GB ROM, 27.69 cm (10.9 Inch) Display, 12 MP Primary Camera and 12 MP Front, iPadOS 15, and Battery is made up of Lithium Polymer with Apple M1 Chip Processor.
  • February 2022 - Lenovo has launched the Arm-based ThinkPad lineup at Mobile World Congress (MWC) 2022 in Barcelona, Spain. ThinkPad X13s with an Arm processor. The ThinkPad T16 has a 16-inch display and is powered by an Intel 12th-gen Core i7 processor and an AMD Ryzen chip.
  • May 2022 - According to an endorsed agreement from the European Parliament's Internal Market Committee, the European Union is pressing ahead with legislation to heavily regulate companies like Apple, establishing plans to force "gatekeepers" to open up access to hardware and software and even setting up an internal department to meet new rules.

Europe ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain Analysis
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of Covid-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Early adoption of 5G network and Increasing penetration of technology giants
  • 5.2 Market Challenges
    • 5.2.1 Fragmented Nature of the Market and Growing Incidence of Data Breaches and Lack of Supporting Infrastructure
    • 5.2.2 High dependence on external sources to balance the skill deficit
  • 5.3 Key Technology Investments
    • 5.3.1 Cloud Technology (IaaS, SaaS and cloud support services accelerated)
    • 5.3.2 Artificial Intelligence (technologies such as machine learning, computer vision, and robotic process automation)
    • 5.3.3 Cyber Security
    • 5.3.4 Other Technologies

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Enterprise Hardware
    • 6.1.2 Enterprise Software
    • 6.1.3 IT Services
    • 6.1.4 Communication Services
  • 6.2 By End-user Vertical
    • 6.2.1 BFSI
    • 6.2.2 IT & Telecom
    • 6.2.3 Government
    • 6.2.4 Retail and E-Commerce
    • 6.2.5 Manufacturing
    • 6.2.6 Other Industry Verticals(Energy and Utilities, Healthcare, Construction)
  • 6.3 By Country
    • 6.3.1 United Kingdom
    • 6.3.2 Germany
    • 6.3.3 France
    • 6.3.4 Rest of Europe

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Dell Inc.
    • 7.1.2 Apple Inc.
    • 7.1.3 Samsung Electronics Co., Ltd
    • 7.1.4 SONY EUROPE B.V.
    • 7.1.5 HP Development Company
    • 7.1.6 Acer Inc.
    • 7.1.7 Salesforce, Inc
    • 7.1.8 Oracle
    • 7.1.9 Microsoft Corporation
    • 7.1.10 HubSpot, Inc
    • 7.1.11 SugarCRM Inc.
    • 7.1.12 SAS Institute Inc.
    • 7.1.13 Act-On
    • 7.1.14 Force24
    • 7.1.15 Tata Consultancy Services Limited.
    • 7.1.16 Cisco Systems, Inc.
    • 7.1.17 Fujitsu
    • 7.1.18 Hewlett Packard Enterprise Development LP
    • 7.1.19 IBM Corporation
    • 7.1.20 Infosys Limited
    • 7.1.21 Capgemini
    • 7.1.22 Accenture plc
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OUTLOOK

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Europe ICT Industry Segmentation

The study is structured to track the spending on ICT solutions and services by different industry verticals across European Region. The spending is segmented broadly based on the category of spending such as Enterprise hardware, software, services, and communications. Under the Enterprise hardware, the spending on Server/Storage and Network and other peripherals are considered, Under the Enterprise Software the spending on application development
and deployment, financial applications, human capital management, office suites, system infrastructure software, and other applications are considered, IT Services referer to the spending on IT consulting, systems integration, technology outsourcing, and other IT services, Key Technology preferences of the end-user industry verticals, such as Cloud, Artificial Intelligence also form part of our study. The assessment of the impact of COVID-19 is included in the study.

Europe ICT Market is Segmented by Type (Enterprise Hardware, Enterprise Software, IT Services Communication Services), by End-user Vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing), and by Country.

By Type Enterprise Hardware
Enterprise Software
IT Services
Communication Services
By End-user Vertical BFSI
IT & Telecom
Government
Retail and E-Commerce
Manufacturing
Other Industry Verticals(Energy and Utilities, Healthcare, Construction)
By Country United Kingdom
Germany
France
Rest of Europe
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Europe ICT Market Research FAQs

What is the current Europe ICT Market size?

The Europe ICT Market is projected to register a CAGR of 12.5% during the forecast period (2025-2030)

Who are the key players in Europe ICT Market?

IBM Corporation, Cisco Systems, Inc., Samsung Electronics Co., Ltd, Dell Inc. and Fujitsu are the major companies operating in the Europe ICT Market.

What years does this Europe ICT Market cover?

The report covers the Europe ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe ICT Industry Report

Statistics for the 2025 Europe ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe ICT analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.