The Europe ICT market attained a value of around USD 1.16 Trillion in 2025. It is projected to grow at a CAGR of 5.30% during 2026-2035 to reach USD 1.94 Trillion by 2035.
Base Year
Historical Period
Forecast Period
Many European countries like Cyprus, Italy, Denmark, and Austria have over 80% of 5G internet coverage in their populated areas.
51% of European households in remote regions can access 5G networks.
58% of people residing in Hungary’s most populated areas have access to 5G internet network.
Compound Annual Growth Rate
5.3%
Value in USD Trillion
2026-2035
*this image is indicative*
| Europe ICT Market Report Summary | Description | Value |
| Base Year | USD Trillion | 2025 |
| Historical Period | USD Trillion | 2019-2025 |
| Forecast Period | USD Trillion | 2026-2035 |
| Market Size 2025 | USD Trillion | 1.16 |
| Market Size 2035 | USD Trillion | 1.94 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 5.30% |
| CAGR 2026-2035 - Market by Country | United Kingdom | 6.9% |
| CAGR 2026-2035 - Market by Industry Vertical | IT and Telecom | 6.0% |
| CAGR 2026-2035 - Market by Enterprise Size | Small and Medium Enterprises | 5.8% |
| Market Share by Country 2025 | Germany | XX% |
In 2023, nearly 50% of all enterprises based in the EU were using e-business applications for managing their resources, gathering business intelligence, and interacting with their customers. Nearly 38% of all small size enterprises and 86% of all large enterprises were using business software for optimising their internal workflows and enhancing their operational efficiency. Denmark (74%), Finland (71%), and Belgium (67%) emerged as the key nations with high usage of ERP and CRM software, besides BI tools.
The European Commission estimates that investments worth 227 billion euros are required to achieve the digital infrastructure targets set under the program of Digital Decade 2030. This includes the expansion of 5G network coverage, increasing semiconductor production, and building the world's first-ever computer with quantum acceleration capabilities, among others. Nearly 55% of all rural households in Europe do not have access to advanced networks, and 9% of households receive no fixed network and mobile coverage. This initiative is expected to bridge the digital divide in European regions and boost connectivity across key transportation corridors connected with roadways, railways, and seaways, hence aiding the market expansion.
Europe ICT Market Report and Forecast 2026-2035 provides an in-depth analysis of the different market segments mentioned below:
Market Breakup by Type
Market Breakup by Enterprise Size
Market Breakup by Industry Vertical
Market Breakup by Country
| CAGR 2026-2035 - Market by | Enterprise Size |
| Small and Medium Enterprises | 5.8% |
| Large Enterprises | XX% |
| CAGR 2026-2035 - Market by | Industry Vertical |
| IT and Telecom | 6.0% |
| Retail and E-Commerce | 5.7% |
| BFSI | XX% |
| Government | XX% |
| Manufacturing | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Country |
| United Kingdom | 6.9% |
| France | 5.8% |
| Germany | XX% |
| Italy | XX% |
| Others | XX% |
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 2026-2035, the retail and e-commerce sector is assessed to grow at a CAGR of 5.7%, as businesses shift their focus towards expanding their online presence to capture consumer attention and boost sales.
Meanwhile, the telecom and IT sector is estimated to witness the fastest growth, growing at a CAGR of 6.0% between 2026 and 2035. This can be attributed to the increasing technological advancements and innovations.
European governments and the EU are focusing on remaining technologically advanced and competing with the United States and China. Increasing investments in generative AI and associated domains are expected to have a favourable impact on major ICT companies in the market.
Upto 15% Off
USD
$3999 $3599
$2499 $2249
$4999 $4249
$5999 $5099
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market was valued at nearly USD 1.16 Trillion in 2025.
The market is projected to grow at a CAGR of 5.30% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around USD 1.94 Trillion in 2035.
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 different countries covered in the market report are the United Kingdom, Germany, France, and Italy, among others.
The key market players are IBM Corp., Cisco Systems Inc., Google LLC, AT&T Inc., Fujitsu Ltd., Oracle Corp., Verizon Communications Inc., Huawei Technologies Co., Ltd., Fortinet Inc., and Capgemini SE, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Enterprise Size |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share