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News Edition: April 2024

Short Introduction

Since 1993, Robert Breitbach Consulting has been a retained executive search firm with a focus on the IT & Telecommunication industries.

With offices in Germany, Spain, Portugal, and Estonia, we specialize on assisting German, European and American companies in the search and selection of their executives and specialists.

About 70% of the search projects contain the keywords: "CEO, Managing Director, Country Manager, Business Development Manager or Expansions Manager". In addition, we have been able to fill many positions in the areas of sales, plant, and production management. Not to forget many significant engineering positions.

We are pleased that you take the time to visit our "News" page. Here we would like to inform you - updated monthly - about selected topics from this industry.

AI
From the Almanac

The term Information Technology Industry describes the use of hardware, software, services, and supporting infrastructure to manage and deliver information using voice, data, and video.

Examples for telecommunication networks are landline, mobile networks, cable TV networks and the internet.

90% of the world's data was generated between 2019 and the present.

There are more than 5.1 billion active users on the internet, with Asia comprising more than 50% of total internet traffic.

The VoIP market is forecast to reach $145 billion by 2024, according to Statista.

Global online sales are predicted to reach 22% of all retail sales in 2023.

Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.

Economic Outlook

The global information technology market grew by 8.2% (2022 to 2023).

Growth has been slowed down by the war in Ukraine.

The market is expected to grow to 12.000 billion USD by 2027.

What's On The News?
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Word for the day

"Today or any day that phone may ring and bring good news".
Ethel Waters (1896-1977)
American Singer and Actress

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