France IT Services Market Report 2017

France IT Services Market Report 2017

  • March 2017 •
  • 104 pages •
  • Report ID: 4897288 •
  • Format: PDF
In June 2015, the French government launched the ‘Actions to Promote the Digital Republic’ plan that focuses on promoting ethical and moral values to develop and safe secure cyberspace and reinforcing digital security. The initiative aims to establish French Tech where all major stakeholders of the French start-up ecosystem will come together.

France’s IT services market is the sixth largest in the world. It currently occupies around 4.4% of the global IT services market. The market value of IT services accounts for around 32% of the overall IT market in The IT services market grew at a CAGR of around 1.1% in the historic period and is expected to grow at a CAGR of around 1.5% in the forecast period. Growth in the IT services market is expected to be the main driver of the French IT market. This is mainly due to the expansion of cloud computing, and increased demand for higher mobility, such as SaaS and SMACs (Social, Mobile and Analytics in the Cloud). However, the expected economic crash in the country will limit the growth of the market.

France information technology services market is expected to grow from over $41 billion in 2016 to over $44 billion in 2020.

Economic Growth is the major driver – The global growth is currently estimated to be 3.1 percent, and is expected to rise to 3.4 percent in in 2017. The US economy was already showing strong growth in 2016 and this is likely to continue during the forecast period. The European market is expected to see growth return later in the period – between 2016 and 2018. Emerging markets are expected to continue to see generally higher levels of growth than the developed markets during this period. India saw an annual GDP growth rate of around 7.5% in 2016, from 7.3% in 2015, and this trend is projected to grow at a steady pace that resulted in increasing demand for IT services from manufacturing and services industries and government organizations.

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