IT software and services: record growth in Europe through 2027

Unprecedented momentum for IT in Europe

The information technology (IT) sector in Europe is booming, driven by the accelerated digitalization of companies and the widespread adoption of new technologies. According to IDC, IT spending is expected to grow by an average of +5.3% per year between 2022 and 2027, a rise that reflects the digital transformation of our economies. This upward trajectory is supported by strong trends: remote collaboration, generative artificial intelligence (GenAI) and growing cybersecurity requirements.

1. The drivers of IT growth in Europe

Business digitalization and the adoption of new technologies

With remote and hybrid work now widespread, European companies are investing heavily in collaboration tools and customer relationship management (CRM) solutions. These technologies help improve productivity, ensure business continuity and meet complex operational needs.

Generative artificial intelligence also plays a major role. Applications such as chatbots, natural language processing tools and automated coding solutions are paving the way for considerable efficiency gains across all sectors.

IT security: a top priority

With cyberattacks on the rise, cybersecurity has become a central issue for companies. Investments in robust systems and advanced data protection solutions continue to grow, sustaining the momentum of the IT services sector.

Sustainability and regulation: catalysts for transformation

European regulations on sustainability and responsible development are pushing companies to modernize their digital infrastructure. Sectors such as energy, for example, must not only diversify their supply sources but also adopt environmentally friendly digital solutions to meet the new standards.

2. A multi-speed Europe in a stressful economic and geopolitical context 

The innovation leaders

The Nordic countries, notably Sweden, Finland and Norway, are recording the strongest growth in IT spending. These regions benefit from particularly dynamic software publisher ecosystems that foster digital innovation.

Challenges for some markets

Conversely, countries such as Romania face significant obstacles, including high inflation that weighs on the devices market and holds back overall ICT (information and communication technology) spending.

An uncertain global context

Despite easing pressure from inflation and energy prices, economic and geopolitical uncertainty continues to weigh on some investment decisions. However, IT is still seen as a safe haven, with spending rising across all sectors.

3. Digital transition and environmental responsibility

An environmental impact not to be overlooked

According to ADEME (the French Agency for Ecological Transition), digital technology accounts for 2.5% of France's carbon footprint, as much as the waste sector. Equipment manufacturing (computers, smartphones, etc.) is responsible for 80% of this impact. This figure highlights the importance of adopting a sustainable approach to managing IT infrastructure.

Solutions that combine innovation and sustainability

Companies can reduce their environmental impact by extending the lifespan of their equipment, adopting digital sobriety practices, and favoring refurbishment solutions, particularly through professional refurbished equipment for businesses. Sustainable financing and IT asset management offers, such as those provided by Leasetic, play a crucial role in this approach.

4. Outlook for 2027: which strategies should companies adopt?

Companies need to position themselves now to take advantage of emerging trends. Here are a few strategic avenues to explore:

• Invest in innovative technologies: generative AI, collaboration tools and cybersecurity solutions offer significant potential for transformation and growth.
• Adopt an eco-responsible approach: by integrating sustainable financing and equipment management solutions, companies can meet their needs while keeping their carbon footprint under control.
• Rely on specialized partners: working with players such as Leasetic gives you access to tailored expertise to succeed in your digital transition while addressing environmental challenges.

Anticipate change to stay competitive

The record growth of IT software and services in Europe illustrates the strategic importance of investing in digital technologies. While these trends represent a major opportunity for companies, they also bring responsibilities, particularly with regard to the environment. Anticipating these challenges means not only staying competitive but also contributing to a more sustainable future.

Leasetic, your partner for sustainable, high-performance IT

To support your digital transition and maximize your performance while reducing your carbon footprint, trust Leasetic. Our experts are available to help you adopt responsible and sustainable solutions. Contact us today!