IT Services
Digitalization and AI to support the sector
Last update – July 2024
Sector rating

LOW RISK FOR ENTERPRISES
Strengths & weaknesses

- The digitalization of the economy is a strong long-term driver
- Broad B2B customer base
- High value added and strong margins in many segments
- Recurring revenues

- Low barriers to entry
- Reliance on corporate IT spend
- Regulation on data and privacy can be a hurdle for European firms
- High concentration in certain services (cloud, cybersecurity etc.)
- High fragmentation and competition in consulting, programming and managed services
Sector overview
Subsectors
Contact
Contact Allianz Trade
Economic Research Team
Economic Research Team