In 2023, the value added of IT services in Norway stood at 96.92 billion Norwegian Krones. Forecasted data for 2024 shows an increase to 102.58 billion, followed by continued growth through to 124.88 billion by 2028. This indicates a strong upward trend with a year-on-year growth rate of approximately 5-6%. Over the last two years, the growth rates have been consistent, solidifying the IT sector's robust performance. The compound annual growth rate (CAGR) over the next five years is forecasted to be 5.2%.
Future trends to watch for include the continued digital transformation across multiple industries, the integration of advanced technologies such as artificial intelligence and machine learning, and the expansion of cloud services. These factors are expected to drive further growth in the IT services sector in Norway.
