Italy ICT Market Size (2024 - 2029)

The Italy ICT market is experiencing significant growth, driven by increased investments in digital and advanced technologies such as cybersecurity, artificial intelligence, and robotics. The market's expansion is supported by substantial spending on hardware and software services by Italian companies, alongside government initiatives aimed at developing the ICT industry. The demand for cloud technology, accelerated by the COVID-19 pandemic, has further boosted the market's growth prospects. Key technological drivers, including cloud computing, big data, and the Internet of Things, are expected to continue shaping the market's trajectory.

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Market Size of Italy ICT Industry

Italy ICT Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.50 %
Market Concentration Medium

Major Players

Italy ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Italy ICT Market Analysis

Italy's ICT Market is expected to grow at a CAGR of 7.5% over the next five years. Increasing emphasis on digital technology and advanced technology, such as cyber security, artificial intelligence, and robotics, drives the market's growth. The ICT market across the Country is overgrowing due to strong spending on hardware and software services by Itlay companies.

  • The ICT sector includes both the IT and Telecom markets. IT investments are growing, and the ICT market demand is expected to grow significantly over the next five years. For instance, TIM Group (Telecom Italia S.p.a.) collaborated with Cisco to deliver cloud services for private enterprises and government agencies. The increasing need to explore and adopt Cloud technology investments significantly boosts Italy's ICT market growth.
  • The government took initiatives to develop the ICT industry, which would drive new growth opportunities for the ICT market. For instance, Italy's National Plan for Recovery and Resilience should provide a positive boost, impacting the ICT market in 2021-2024. Italy is among the leading contributors to the digital market. In the three years of 2022-2024, the main technological drivers will continue to be cloud computing, big data, artificial intelligence (AI), the Internet of Things (IoT), and cybersecurity.
  • Although information and communication technology (ICT) is everywhere, it plays a significant role in the Country's economic development. For instance, Google is contributing technological developments to Italy's economic recovery. Google invested more than USD 900 million over five years to help transform Italian businesses, large and small, including launching two Google Cloud regions in partnership with TIM (Telecom Italia). Such initiatives from the Key market players would bring new growth opportunities for the Italy ICT market.
  • The ICT industry significantly impacts Italy's GDP (Gross domestic product). According to the IMF (International Monetary Fund), Italy's GDP is expected to grow by USD 2289.81 billion by 2027. The county's GDP is growing significantly with increasing IT investments that would create new growth opportunities for the Italy ICT market.
  • Due to the COVID-19 pandemic, a large portion of the Italy population was forced to stay at home constantly, and many opted to work from home due to increased broadband consumption. Post COVID-19 scenario created an unexpectedly high demand for secure cloud services. For Instance, Oracle opened its first cloud region in the Nordics in Stockholm, along with one in Milan, Italy. The COVID-19 pandemic increased demand for the adoption of cloud computing tools from private and public organizations. Further COVID-19 pandemic is creating new growth opportunities for the Italy ICT market.

Italy ICT Industry Segmentation

Italy's ICT market includes deep analysis of critical technology investments such as cloud technologies and artificial intelligence.

Italy's ICT Market is segmented by type (hardware, software, IT services, telecommunication services), by the size of the enterprise (small and medium enterprises, large enterprises), by end-user vertical (BFSI, IT & Telecom, government, retail, and E-Commerce, manufacturing, energy, and utilities, and other industry verticals).

The market sizes and forecasts are provided in value (USD million) 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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Italy ICT Market Size Summary

The Italy ICT market is poised for significant growth, driven by a robust emphasis on digital and advanced technologies such as cybersecurity, artificial intelligence, and robotics. This expansion is fueled by substantial investments in both hardware and software services by Italian companies, alongside government initiatives aimed at bolstering the ICT industry. The sector encompasses both IT and telecom markets, with a notable increase in demand for cloud technology. Collaborations, such as that between TIM Group and Cisco, highlight the strategic focus on cloud services for private enterprises and government agencies. The government's National Plan for Recovery and Resilience is expected to further stimulate the market, positioning Italy as a key player in the digital landscape. Major technological drivers include cloud computing, big data, AI, IoT, and cybersecurity, with significant contributions from global tech giants like Google and Microsoft, who are investing heavily to support local innovation and infrastructure development.

The ICT industry's impact on Italy's economic growth is substantial, with increasing IT investments contributing to the country's GDP. The COVID-19 pandemic has accelerated the adoption of cloud computing tools, creating new opportunities for market expansion. The growing demand for secure cloud services and advanced technologies such as 5G, AI, and IoT is driving the market forward. Infrastructure developments, like Aruba's Hyper Cloud Data Center, and strategic partnerships, such as those involving IBM and BPER Banca Group, are enhancing the sector's capabilities. The telecom industry is also experiencing growth due to rising broadband adoption and government investments in high-speed connectivity. The market is moderately competitive, with key players like IBM, Oracle, Microsoft, Cisco, and Google actively pursuing advancements and collaborations to enhance their offerings and support Italy's digital transformation.

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Italy ICT Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Stakeholder Analysis

    3. 1.3 Industry Attractiveness-Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Hardware

      2. 2.1.2 Software

      3. 2.1.3 IT Services

      4. 2.1.4 Telecommunication Services

    2. 2.2 By Size of Enterprise

      1. 2.2.1 Small and Medium Enterprises

      2. 2.2.2 Large Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 BFSI

      2. 2.3.2 IT and Telecom

      3. 2.3.3 Government

      4. 2.3.4 Retail and E-commerce

      5. 2.3.5 Manufacturing

      6. 2.3.6 Energy and Utilities

      7. 2.3.7 Other Industry Verticals

Italy ICT Market Size FAQs

The Italy ICT Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

IBM Corporation, Oracle, Microsoft Corporation, Cisco Systems and Google LLC are the major companies operating in the Italy ICT Market.

Italy ICT Report Snapshots

Italy ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)