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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Italy ICT Market Size

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%

Italy ICT Market Outlook

  • 97% of Italian households can access fast broadband networks.
  • Nearly 40 million Italians prefer online shopping to physical brick-and-mortar stores.
  • In 2022, Italy’s e-commerce sector recorded EUR 76 billion in revenue.

Italy ICT Market Growth

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

Italy ICT Industry Segmentation

Italy ICT Market Report and Forecast 2024-2032 provides an in-depth analysis of the different market segments mentioned below:

Market Breakup by Type

  • Hardware
    • Network Switches 
    • Routers and WLAN 
    • Servers and Storage 
    • Others 
  • Software
  • IT and Infrastructure Services
  • Telecommunication Services
CAGR 2024-2032 - Market by Enterprise Size
Small and Medium Enterprises 8.1%
Large Enterprises XX%

Market Breakup by Enterprise Size

  • Small and Medium Enterprises
  • Large Enterprises
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

  • BFSI
  • IT and Telecom
  • Government
  • Retail and E-Commerce
  • Manufacturing
  • Energy and Utilities
  • Others

Italy ICT Market Share

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.

Leading Companies in Italy ICT Market

Major market players are attempting to fuel the development of high-performance computing and artificial intelligence and revolutionise the field of ICT.

  • IBM Corp.
  • Cisco Systems Inc.
  • Google LLC
  • SAP SE
  • Microsoft Corp.
  • Oracle Corp.
  • HP Inc.
  • Dell Inc.
  • Reply S.p.A
  • Capgemini SE
  • Others

Key Highlights of the Report

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:

  • Type
  • Enterprise Size
  • Industry Vertical
Breakup by Type
  • Hardware
  • Software
  • IT and Infrastructure Services
  • Telecommunication Services
Breakup by Enterprise Size
  • Small and Medium Enterprises
  • Large Enterprises
Breakup by Industry Vertical
  • BFSI
  • IT and Telecom
  • Government
  • Retail and E-Commerce
  • Manufacturing
  • Energy and Utilities
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corp.
  • Cisco Systems Inc.
  • Google LLC
  • SAP SE
  • Microsoft Corp.
  • Oracle Corp.
  • HP Inc.
  • Dell Inc.
  • Reply S.p.A
  • Capgemini SE
  • Others

*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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Key Questions Answered in the Report

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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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124