Many well-established industrial and service companies have been shaken by new digital competitors in recent years and forced to reexamine their business models. When companies have been slow to adapt, business has often shrunk and jobs have been lost. On the positive side, digitalization presents a great opportunity for the economy.
The city of Darmstadt is one of the regional hotspots where information and communications technology (ICT) is flourishing. In fact, many German and foreign companies in this sector have chosen to base their headquarters there, including Software AG, Germany’s second largest IT company, and the U.S. software company CA Technologies, now a major employer in the region.
The presence of large research institutions from the tech sector in the Hessian city – including the Technical University of Darmstadt, the Fraunhofer Institute for Computer Graphics Research IGD, and the National Research Center for Applied Cybersecurity (ATHENE) – ensures that a large number of creative IT solutions are coming out of Darmstadt. Tech companies can draw from a local pool of specialists, highly qualified staff and ICT graduates.