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German high-tech market on growth course

October 28, 2014 10.01 Europe/London By Jörn Krieger

BITKOMThe turnover with products and services from information technology, telecommunications and consumer electronics is expected to rise this year in Germany by 1.6% to a total of €153.4 billion euros, reports German industry association BITKOM with reference to market research conducted by the European Information Technology Observatory (EITO).

The downturn of the PC market will come to an end while the growth of smartphones and tablet sales will slow down.

The business with IT hardware and software will grow by almost 6% each while the turnover in the areas of consumer electronics, telecommunications services and telecommunications hardware will slightly decrease.

The TV set business will remain stable due to technological innovations like Ultra HD and positive impact of the FIFA Football World Championship. Games consoles sales will strongly grow with a turnover increase of 25%.

Regarding employment, BITKOM expects a rise by 10,000 jobs and a new record figure of 953,000 people working in the German IT, telecommunications and consumer electronics industry by the end of 2014.

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Filed Under: Newsline, Research, Tech Tagged With: 2014, BITKOM, consumer electronics, Germany, market, Ultra HD Edited: 28 October 2014 10:01

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About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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