Germany is missing the current boom at the internet economy.

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Germany is missing the current boom at the internet economy.

Boston Consulting Group (BCG) predicts eight percent growth of the German internet industry, up to 118 billion euros in 2016, ranking above mining or hotel management.

In 2010 internet businesses added 3% to the German GDP, which is below the average of the other G-20 nations with 4,1%.

Digital economies like in Korea, Netherlands, Iceland, Denmark, Sweden or nearly anywhere on this planet will outsmart Germany’s fixation on traditional industries within a couple of years as the whole branch will double it’s turnover till 2016.

Germany is lacking any strategy on developing internet industries in terms of infrastructure, knowledge, labour force or legal frameworks.

Also the study talks of obvious correlations between the growth of traditional industries and their effective implementation and access to the internet, which means successful internet industries not only ad their part to the GDP but leverage other industries as well.

To cope with such challenges, availability of specialized work force is essential – a crux in Germany, where 30K workers are missing already.

 

source

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