Forecast: Turnover in Software Publishing Sector in Spain

From 2016 to 2023, the software publishing sector in Spain experienced a diverse trajectory. Starting from 0.8693 billion euros in 2016, the industry saw significant growth with double-digit year-on-year increases in 2017 and 2018. However, 2019 marked a downturn with an 11.46% decrease. The sector rebounded robustly in 2020 with a 17.98% increase, reaching a value of 1.12 billion euros. Between 2020 and 2023, growth remained positive but moderated, with slight fluctuations. By 2023, the turnover stood at 1.15 billion euros. The latest five-year CAGR from 2023 indicates an average annual growth of approximately 0.82%.

Future trends to watch for:

• The forecast for 2024 suggests a continued but steady growth trend.
• By 2028, the sector is expected to reach 1.19 billion euros, indicating a forecasted five-year CAGR of 0.55% and an overall five-year growth rate of 2.8%.