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Spain sector report – Information and Communications Technology (ICT)

Executive summary

Spain is one of the largest EU economies and the world’s thirteenth-largest economy by nominal GDP. It has a population of 46 million. The Information and Communications Technology (ICT) sector in Spain amounted to 3.4% of Spanish GDP in 2018.

Spain is the fourth largest ICT market in Europe by value added (2016 data).

Spain ranks 11th out of 28 EU Member States in the 2020 edition of the Digital Economy and Society Index (DESI) based on data collected prior to the pandemic.

The Spanish ICT sector can be divided into four broad categories of activity:

There were over 25,000 firms active in Spain’s ICT sector in 2018. The Spanish Video Game sector, which is often considered separate from the ICT sector, had €898 million in revenue in 2018, having grown 25.9% from the previous year. It is equivalent to 0.11% of Spanish GDP and it employs 8,790 people.

The video game industry in Spain also accounts for 14.3% of the country’s publishing sector, 9.6% of its audiovisual production sector (cinema, video, television and music), 3.8% of its programming sector and data processing and 3.2% of the telecommunications sector.

In 2018, 4.78% of Spanish imports were ICT goods and services. The majority of Spain’s ICT imports consisted of hardware and consumer products.

Canadian exports of ICT goods increased by 1.3% in 2018 to $11.3 billion. In 2019, Canada exported € 18,2 M worth of ITC goods to Spain.

Industry leaders predict that the Spanish ICT sector will be one of the first to re-establish itself after the COVID-19 crisis. For Canadian ICT companies, the post-COVID period represents both opportunities and significant challenges.

On the opportunities side, companies that can position themselves as helping Spanish companies to recover from this economic blow will be more welcome. The challenge will be for Canadian ICT companies that offer, or are seeking to offer goods and services to Spanish entities that have contracted due to lack of sales during the pandemic. Cybersecurity, Artificial Intelligence (AI), Robotics and Automation and Video Games are the subsectors offering more relevant opportunities for Canadian ICT companies.

The Spanish Government has continued implementing its Digital Agenda, which has ambitious ICT goals and encourages R&D+I, and is fully committed to the EU plan for a Digital Single Market.

These initiatives and the aforementioned opportunities make Spain a very attractive market for ICT companies worldwide and we encourage Canadian clients to explore this interesting market.

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