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German IT spending forecast to rise on eve of industry's biggest trade show

Peter Sayer | March 16, 2015
IT spending is forecast to rise faster than previously expected in Germany, a bellwether for European industry, while IT sector jobs there will total almost one million by year-end. However, forthcoming legislation could have a chilling effect, industry association Bitkom warned.

Government support for the rollout of broadband communications and the construction of intelligent energy and transport networks will give the IT industry a boost, but Kempf warned that some legislative projects still have the potential to stifle growth.

Among these, he cited the Small Investor Protection Act, which he expects will make crowdfunding unattractive, threatening the financing of start-ups. With two entire halls at Cebit given over to startups in search of investment, and a third to technology research projects that could be spun off into new businesses, this is particularly damaging: Other countries are heading in the opposite direction, making it easier for startups to seek funding from unqualified investors in this way.

Another cloud on the IT horizon is the proposed Workplace Directive, which could make flexible working impossible, he said.

Cebit, organized by Deutsche Messe, opens at the Hanover Fairgrounds on Monday.

 

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