ICT stands for information and communication technologies, and includes any devices and systems utilized in digital technology and communication. That being said, the ICT market involves the buying and selling of these devices and systems. Germany's Its ICT market grew significantly between 2004 and 2014. Revenue from foreign exports in ICT services jumped from $10.2 billion to $25.8 billion. In 2014 alone, revenue from foreign exports in ICT hardware and consumer electronics that were made in Germany reached $37.3 billion. Market researcher, Marketline, predicts a compound annual growth rate of 5.5 percent between 2016 and 2019. While Germany's ICT market is succeeding globally, within the country itself, ICT success is mainly only prevalent in the larger cities.
