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

Spain ICT Market is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), the size of the Enterprise (Small and Medium Enterprise and Large Enterprises), and by Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The market sizes and forecasts are provided in terms of value USD for all the above segments.

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

Spain ICT Market Size

Spain ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.46 %
Market Concentration Low

Major Players

Spain ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

Automation

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Media and Entertainment

Security & Surveillance

Spain ICT Market Analysis

The Spain ICT Market is expected to register a CAGR of 7.46% during the forecast period.

  • Spain's ICT industry rebounded fast from the recent global health crisis and benefited from the push for digital transformation made possible by EU recovery funds. Spain is one of the largest economies in the EU, and the private sector continues to provide promising potential for sector-specific solutions. American businesses are acknowledged as essential suppliers of advanced goods and services.
  • The advancement of Spain's backbone fiber networks and mobile networks' equipment upgrades would be influenced by the Country's 5G National Plan. Spanish Telecoms is expanding its company by utilizing its extensive client base to offer insurance, alarms, mobile sales, and energy. Notably, the Spanish government established the Digital Strategy 2025 in 2020, intending to promote the Country's digital transformation through, among other things, increased cybersecurity, digital public administrations, and the adoption of artificial intelligence technology.
  • Spain's information technology (IT) industry has undergone tremendous expansion. Still, more trained, experienced IT personnel are needed to satisfy the expanding demand, particularly in the larger cities, which account for most of Spain's IT market.
  • The rapid advancement of technology and the evolving nature of ICT industries require a skilled workforce to meet the demand of digital transformation. Access to quality ICT training programs and resources may be limited. This can result in a shortage of qualified professionals in specific ICT domains, hindering the overall growth and competitiveness of the ICT market in Spain.
  • The COVID-19 pandemic significantly impacted the Spanish national economy. Large portions of the population have been forced to spend almost constantly at home because of the pandemic, raising the need for remote work, telemedicine, online education, and streaming in-home entertainment. Business hours and bandwidth usage increased as the Country adjusted to life with COVID-19. Digital networks aided in the resistance and ultimately led to sustained growth. Post-pandemic, the market is proliferating with the increased digitization activities in the Country.

Spain ICT Industry Overview

The Spain ICT market is at a fragmented stage as the market currently consists of many players. Several key players in the ICT market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market. The major players are SAP SE, Oracle, Microsoft Corporation, Accenture, and Hewlett Packard Enterprise (HPE), among others.

Indra Sistemas, S.A., Spain, formed a strategic alliance with Centum Electronics Limited, India, in October 2022 to work solely on advanced radar systems and technology for the Indian government. The fabrication and installation of the radar for use in space applications are contemplated under the MoU. Long-range radar is designed to find, follow, and analyze space objects and debris hundreds of km away.

Oracle unveiled the creation of the first Oracle Cloud Infrastructure (OCI) region in Spain in September 2022 to address the country's quickly expanding demand for business cloud services. With the opening of the new area in Madrid, Oracle's public and private sector clients and partners in Spain would have access to various cloud services that may help them update their applications, experiment with data and analytics, and move mission-critical workloads from their data centers to OCI.

Spain ICT Market Leaders

  1. SAP SE

  2. Oracle

  3. Microsoft Corporation

  4. Accenture

  5. Hewlett Packard Enterprise (HPE)

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

  • February 2023: Fujistu accelerated to commercialize of private 5G and edge computing services in a series of connectivity trials with Microsoft. As part of its showcase at MWC Barcelona 2023, Fujitsu revealed its progress in a series of connectivity trials conducted in cooperation with Microsoft Corporation to verify the connectivity between Fujitsu's 5G network technology and Microsoft Azure private MEC. The new platform for running 5G solutions includes base stations and applications on the edge.
  • October 2022: Telefonica, one of the largest telecom companies in Spain, disclosed that because it entered the Metaverse, it can now offer its clients new Web3 services and immersive, real-time experiences. Telecommunications networks would be crucial in developing all Web3 and the Metaverse involved. Since immersive and real-time experiences need high bandwidth and low latency, 5G will be essential.

Spain ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Market Definition and Scope
  • 1.2 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of COVID-19 on the IT Spending

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Initiatives for a Consistent Digital Transformation
    • 5.1.2 Robust Telecommunication Network
  • 5.2 Market Restrain
    • 5.2.1 Concerns Relating to the Lack of Trained ICT Workforce

6. KEY TECHNOLOGY INVESTMENTS

  • 6.1 Cloud Technology
  • 6.2 Artificial Intelligence
  • 6.3 Cyber Security
  • 6.4 Digital Services

7. MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Hardware
    • 7.1.2 Software
    • 7.1.3 IT Services
    • 7.1.4 Telecommunication Services
  • 7.2 By Size of Enterprise
    • 7.2.1 Small and Medium Enterprises
    • 7.2.2 Large Enterprises
  • 7.3 By Industry Vertical
    • 7.3.1 BFSI
    • 7.3.2 IT and Telecom
    • 7.3.3 Government
    • 7.3.4 Retail and E-commerce
    • 7.3.5 Manufacturing
    • 7.3.6 Energy and Utilities
    • 7.3.7 Other Industry Verticals

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 SAP SE
    • 8.1.2 Oracle
    • 8.1.3 Microsoft Corporation
    • 8.1.4 Accenture
    • 8.1.5 Hewlett Packard Enterprise (HPE)
    • 8.1.6 Huawei Technologies
    • 8.1.7 Tata Consultancy Services
    • 8.1.8 Samsung Electronics
    • 8.1.9 IBM Corporation
    • 8.1.10 Indra Sistemas, S.A
    • 8.1.11 Orange Espagne S.A.U.
    • 8.1.12 Vodafone Espana, S.A.U.
    • 8.1.13 Telefonica de Espana, S.A.U.
    • 8.1.14 Xfera Moviles, S.A.U., d/b/a Yogi
    • 8.1.15 MasMovil Ibercom, SA
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

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Spain ICT Industry Segmentation

Information and Communication Technologies or ICT is a broader term for Information Technology (IT). It refers to all communication technologies, such as wireless networks, the internet, computers, cell phones, software, videoconferencing, middleware, social networking, and other media applications and services enabling users to store, access, transmit, retrieve, and manipulate information in a digital form.

Spain's ICT market is segmented by type (hardware, software, IT services, and telecommunication services), by the size of the enterprise (small and medium enterprise and large enterprises), by industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities). The market sizes and forecasts are provided in terms of value USD for all the above segments.

By Type Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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Spain ICT Market Research FAQs

What is the current Spain ICT Market size?

The Spain ICT Market is projected to register a CAGR of 7.46% during the forecast period (2025-2030)

Who are the key players in Spain ICT Market?

SAP SE, Oracle, Microsoft Corporation, Accenture and Hewlett Packard Enterprise (HPE) are the major companies operating in the Spain ICT Market.

What years does this Spain ICT Market cover?

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

Spain ICT Industry Report

Statistics for the 2025 Spain ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain 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.

Spain ICT Market Report Snapshots