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Base Year
Historical Year
Forecast Year
The Italy ICT market attained a value of around USD 80.50 billion in 2023. The market is projected to grow at a CAGR of 7.1% between 2024 and 2032 to reach USD 149.25 billion by 2032.
Italy ICT Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 80.50 |
Market Size 2032 | USD Billion | 149.25 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 7.1% |
CAGR 2024-2032 - Market by Industry Vertical | IT and Telecom | 8.0% |
CAGR 2024-2032 - Market by Enterprise Size | Small and Medium Enterprises | 8.1% |
As per the EU’s Digital Economy and Society Index of 2022, Italy has made significant progress in expanding its 5G coverage. While Europe’s average 5G network coverage is 66%, Italy enjoys a rank of seven in terms of connectivity in Europe, where a substantial portion of its population can access 5G.
In terms of digital technology integration, Italy fares relatively well, with an estimated 95% of all companies using e-invoicing and cloud services to enhance productivity and achieve better business results. Italy has consistently moved towards digitalising its economy while realising a score of 49.3, which puts it in the eighteenth position out of 27 EU member countries.
Italy’s National Recovery and Resilience Plan, launched in 2021, aims to invest EUR 49.2 billion towards the promotion of digital transformation in the country and support innovation in the manufacturing sector. Besides, it intends to connect 9000 schools to the internet via optical fibre networks and achieve 100% connectivity by 2026. This is expected to boost the development of ICT technologies in the coming years.
Increasing investments in analytics software and data management tools indicate the huge potential of big data in the market. The anticipated increase in digitalisation of government services, healthcare delivery, and the retail industry is expected to drive the demand for various big data tools, further propelling the market growth.
Italy ICT Market Report and Forecast 2024-2032 provides an in-depth analysis of the different market segments mentioned below:
Market Breakup by Type
CAGR 2024-2032 - Market by | Enterprise Size |
Small and Medium Enterprises | 8.1% |
Large Enterprises | XX% |
Market Breakup by Enterprise Size
CAGR 2024-2032 - Market by | Industry Vertical |
IT and Telecom | 8.0% |
Retail and E-Commerce | 7.6% |
BFSI | XX% |
Government | XX% |
Manufacturing | XX% |
Others | XX% |
Market Breakup by Industry Vertical
Based on industry vertical, the market is divided into manufacturing, energy and utilities, IT and telecom, government, BFSI, and retail and e-commerce, among others. Over the forecast period of 2024-2032, the retail and e-commerce sector is projected to grow at a CAGR of 7.6%, as businesses shift their focus towards expanding their online presence to capture consumer attention and boost sales.
Major market players are attempting to fuel the development of high-performance computing and artificial intelligence and revolutionise the field of ICT.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Enterprise Size |
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Breakup by Industry Vertical |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at nearly USD 80.50 billion in 2023.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 149.25 billion in 2032.
The different ICT types considered in the report include hardware, software, IT and infrastructure services, and telecommunication services.
The different sizes of enterprises in the market include small and medium enterprises and large enterprises.
The different industry verticals in the market include BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others.
The key market players are IBM Corp., Cisco Systems Inc., Google LLC, SAP SE, Microsoft Corp., Oracle Corp., HP Inc., Dell Inc., Reply S.p.A, and Capgemini SE, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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