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The Luxembourg IT market is a thriving hub of innovation and growth. The market is expected to reach a value of US$1,484.00m by 2028, growing at a CAGR of 7.43% from 2023 to 2028. This growth is being driven by a number of factors, including the government's focus on digital transformation, the increasing adoption of IT solutions by businesses, and the growing demand for cybersecurity solutions.
Luxembourg is a major center for financial services, and the IT industry plays a vital role in supporting the financial sector. The government is also investing heavily in IT infrastructure, such as high-speed broadband and data centers. This is making Luxembourg an attractive location for IT companies and is helping to fuel the growth of the market.
The Luxembourg IT industry is also benefiting from the growing demand for cybersecurity solutions. The country is home to a number of cybersecurity companies, and the government is also investing in cybersecurity research and development. This is making Luxembourg a global leader in cybersecurity.
The Luxembourg government is a major IT buyer, spending over US$100 million annually on IT products and services. The government procures a wide range of IT products and services, including:
Cloud computing
Cybersecurity
Data storage and backup
IT infrastructure
Software development
IT consulting
The main IT products and services procured by the Luxembourg government include:
Cloud computing: The government is using cloud computing to store and access data, and to run applications.
Cybersecurity: The government is using cybersecurity solutions to protect its systems from cyberattacks.
Data storage and backup: The government is using data storage and backup solutions to protect its data from loss or damage.
IT infrastructure: The government is investing in IT infrastructure to support its growing use of IT.
Software development: The government is using software development to create custom IT applications.
IT consulting: The government is using IT consulting to get expert advice on IT matters.
The top authorities for Luxembourg IT procurement include:
The Ministry of Finance
The Ministry of the Economy
The Ministry of State
The Centre des Technologies de l'Information de l'État (CTIE)
The top winners of Luxembourg IT procurement include:
Microsoft
IBM
Tata Consultancy Services
Accenture
Deloitte
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