TIME – Telecommunications, Information Technology, Media & Entertainment

TIME stands for the key industries at the vanguard of the information and knowledge society. The products and services of the Telecommunications, IT, Media & Entertainment industries are bringing people and companies closer together and boosting the dissemination of knowledge between them. Looking at the current IT market alone, with its volume of 66 billion € and a dynamic pace of growth at 4.4%, reveals the growing footprint of these industries in Germany’s economy.

The telecommunications industry is facing the challenge of meeting ever greater demands and expectations in terms of the communication and security of data by utilizing cutting-edge network infrastructures and technologies. At the same time, lower and lower prices for data services call for constant flexibility in CAPEX and OPEX. In the mature American and European markets, keeping people satisfied and loyal customers has become the overriding theme in safeguarding established business. New growth impulses come from the advent of new business models that bridge the gap to other industries in the form of connected living, smart energy, convenient health, mobile banking, e-mobility, or cloud computing.

The world of media and entertainment has been witnessing substantial upheavals over the recent past that have reshaped the face of these industries. With the unfettered growth of multimedia products and services, media enterprises are faced with the challenge of translating these trends into sustainable business models. At the same time, traditional print and TV media are losing their air supremacy in modern society; in today’s media landscape, everything from major social revolutions and opinion-forming processes to the individual purchasing decisions of more and more people are being powered by social media.

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