The IT industry is booming, in all industrial nations worldwide. But when it comes to growth, there are big differences. The “Internet Economy Report 2022”, which was presented today in Berlin, shows, among other things, why the EU and Germany are lagging behind the world market. And which boosters are needed to rev up the market.
Even a banal comparison of numbers shows how huge the growth potential of the IT industry is – and at the same time how big the differences between different economic regions can be. For example, while the tech sector in the US grew by a whopping 246 percent from 2009 to 2019, the industry’s profits in the EU have only doubled. It looks even more blatant when it comes to the granting of tech patents. While the number in the EU grew by only 63 percent from 2010 to 2020, China recorded an increase of 716 percent.
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This also applies to data protection. “Individual property rights are important. But protection must not become a brake on progress, the effects, for example in the medical field, are noticeable for all of us. We still focus far too much on ourselves and are too skeptical about technology.”
As the amount of data that needs to be processed and stored increases significantly with the progressive expansion of 5G technology and the “Artificial Intelligence” (AI) directly linked to it, another sector is becoming increasingly important: outsourced storage in so-called “clouds”. “. Here too, however, the USA dominates the offers.