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Social Infrastructure & Labor Analysis for the German Information and Communication Technologies Industry
Frost & Sullivan, Feb 2007, Pages: 32
The global information and communications technology (ICT) industry has provided the supporting infrastructure for economic growth across the world in the last decade. Despite the setbacks following the failure of dot com enterprises, the ICT industry continues to show enormous growth potential. ICT is a vital component of the infrastructural support needed for the development of any economy. Global trends in telecommunications indicate a shift toward open access, creation of a healthy competitive environment, and a consequent drop in prices. Although companies are likely to continue outsourcing IT services mainly to India, they are also expected to increasingly witness lucrative bids from Russia, the Philippines, Ireland, Israel, and China.
ICT spending is likely to grow impressively, with emerging markets in eastern Europe and Asia Pacific leading the way. Shares of IT and telecommunications sectors are almost equally important in the total ICT spending, with governments and businesses accounting for more than three quarters of the spending. Citizen’s affluence and the globalization of enterprises directly influence ICT consumption. Volume and quality of the labor pool and level of labor costs are critical in the ICT industry. The establishment and maintenance of the country’s high-performance networking infrastructure is vital for ICT companies, since their enterprise applications and operations depend on it.
Although it trails the United States in terms of IT consumption, Germany ranks high among developed countries in terms of usage of ICT products and services and its spending on ICT has been higher than the average of western European countries. The broad diffusion of ICT products and services in the public and private sectors has become a major factor for innovation and competitiveness in the German society.
Despite the German education system not possessing advanced technical skills and training, there are many talented professionals in Germany. To overcome the shortage of IT specialists in Germany, the Federal Government has launched the ‘Green Card Initiative’ to attract foreign students who have specific skills and the required technical expertise. Germany has pioneered the provision of a wide variety of communications technologies and is well on its way toward building a knowledge-based society. In fact, it is among the top ten countries globally and ranks mostly above or around the European average with respect to a series of knowledge society performance indicators. The country is experiencing a rapid increase in broadband connectivity. ICT-enabled process integration is the highest in the banking and financial services sector, where Internet usage is substantial.
From a slow start in 2001, the Germany ICT industry witnessed rapid and stable expansion till 2006. However, the German education system does not impart high levels of technical skills and training and hence, many ICT professionals do not have any specialized training. The German ICT industry comprises the telecommunications and the IT industry; and the former has dominated the ICT industry in terms of revenues and growth rate.
Frost & Sullivan’s Information and Communications Technology Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its ICT industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct an in-depth micro research.
Benefits of this Service
Identify New Market Opportunities
The current and anticipated social, infrastructural, and labor trends of Germany have been analyzed along with impact on various ICT industry segments. This analysis will provide valuable information to industry participants on market opportunities in specific segments of the industry in Germany.
Understand Future Industry Trends
The study offers insights into the dynamic German ICT industry and discusses its dependence on the prevailing social framework and forecasts its future. This will enable industry participants to gauge the direction of the market, enabling them to devise appropriate strategies to improve market share.
Understand Social, Labor, and Infrastructural Environment
A detailed analysis of the social framework of German ICT industry offers insights into the regulatory environment as it exists and the future direction of the same. This is particularly beneficial in the case of the telecommunications industry as the regulations form an important criterion for industry performance.
Devise Country Entry Strategies
The study provides valuable information and analysis of the strengths and weaknesses of the German economy that are relevant to the ICT industry. This is particularly useful in devising country specific strategies for industry participants.
Evaluate Industry Segment Potential
This study offers detailed coverage of social issues as well as industry-specific and macro economic policies affecting the industry. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhance credibility to planning company resources.
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