kathimerini.gr
Greek ICT Sector Poised for Explosive Growth, Reaching €10 Billion by 2029
Deloitte's study projects Greece's ICT sector to exceed €10 billion by 2029, driven by AI, cybersecurity, and cloud, with public sector digitalization contributing significantly to its growth and efficiency gains; however, challenges remain in digital infrastructure and talent acquisition.
- What is the projected size of Greece's ICT sector by 2029, and what factors contribute to this growth?
- Greece's ICT sector, driven by AI, cybersecurity, and cloud computing, is projected to surpass €10 billion by 2029, a 35% increase from 2024 and 80% from 2019. This growth is fueled by a 6.17% average annual expansion between 2019 and 2023, accelerated by the pandemic's digitalization push.
- How has the public sector's digital transformation influenced the growth and impact of the Greek ICT sector?
- The sector's expansion is linked to significant public sector digitalization, yielding €3 billion in savings from gov.gr and the Central Digital Authority, and an additional €2.5 billion in revenue from reduced tax evasion. This highlights the sector's role in enhancing government efficiency and revenue collection.
- What challenges must the Greek ICT sector overcome to achieve its projected growth and converge with EU standards?
- Reaching €12.5 billion by 2029 requires a 10% annual growth rate, a challenging yet achievable goal if the sector receives adequate support. Future growth will likely focus on healthcare, finance, and energy sectors, reflecting broader digital transformation trends.
Cognitive Concepts
Framing Bias
The article frames the future of the Greek IT sector positively, emphasizing its potential for significant growth and contribution to the GDP. The headline (if there was one) and introductory paragraphs likely highlight the projected increase in market value, portraying a success story. This positive framing, while based on data, could downplay the challenges and risks involved. The inclusion of challenges is relegated to later sections, diminishing their perceived importance.
Language Bias
The language used is generally neutral and factual, relying on data and quotes from experts. However, phrases like "'έτρεξε' with rates close to 6.17%" (ran with rates) and describing the sector as helping the state 'to get itself together' ('μαζευτεί') and 'collect more revenue' ('μαζέψει περισσότερα έσοδα') might subtly inject a positive emotional tone, although the original text does not show this. More neutral wording could be employed for objectivity.
Bias by Omission
The analysis focuses primarily on the growth and potential of the IT sector in Greece, highlighting positive aspects like economic contribution and job creation. However, it omits discussion of potential negative impacts, such as environmental concerns related to increased data center infrastructure or the potential displacement of workers due to automation. While acknowledging challenges like digital infrastructure gaps and talent shortages, a more balanced perspective would include a deeper exploration of these negative consequences and their mitigation.
False Dichotomy
The analysis presents a somewhat optimistic view of the future, suggesting that reaching EU convergence is achievable with a 10% annual growth rate. While this is a clear goal, it presents a simplified 'eitheor' scenario – either the sector achieves this growth or it fails to converge. The analysis doesn't fully explore alternative pathways to convergence or the possibility of slower, more sustainable growth.
Sustainable Development Goals
The article highlights the significant growth of the ICT sector in Greece, projecting a market value exceeding €10 billion by 2029. This expansion directly contributes to economic growth and job creation, aligning with SDG 8, Decent Work and Economic Growth. The sector currently employs 300,000 people, with over 160,000 ICT specialists. The projected growth signifies increased employment opportunities and improved economic conditions. Furthermore, the €3 billion savings from gov.gr and €2.5 billion in additional revenue from reduced tax evasion due to digitalization highlight the positive economic impact of the ICT sector.