German IT industry revenue grew steadily during the last decade, amounting to 113 billion euros in 2022. For 2023, the forecast thus far predicts 120.2 billion euros. This increasing revenue reflects the ever-growing role that the internet and IT play in daily life. One of the most popular technological advancements that caught the attention of the world recently was the launch of the chatbot ChatGPT. Although there are varying levels of trust in chatbots and artificial intelligence (AI) in different countries. So far 41 percent of Gen Z in Germany stated they were actively using AI and as AI becomes more reliable and continues to develop this figure is likely to only increase.
Generally, the main large-scale segments of the IT industry can be split into are IT hardware, software, and IT services. The latter is predictably in demand across industries and sectors, on municipal, regional, and national levels, generating 43.6 billion euros in revenue in 2022. That same year, over 1.1 million employees worked in IT services and software. Worldwide, spending on IT services is expected to increase significantly. These services cover a wide range of areas centered around system implementation, IT support, maintenance, and cybercrime prevention - nowadays standard requirements both for the private and public sectors, therefore ensuring a constant demand for IT specialists.
An increasingly indispensable part of IT services and business activity worldwide is cloud computing. Clouds are networks located on remote servers which are accessible online. These networks are used for data storage, management, and processing, which creates enormous flexibility for both private and business users on one hand and provides additional online security challenges on the other. It is also a huge source of revenue and is forecasted to generate a revenue of around 591 billion dollars worldwide in 2023. In terms of usage, rates increased noticeably in recent years, amounting to 84 percent in 2022.
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