In 2023, turnover in the Computer Programming, Consultancy, and Related Activities sector in Austria stood at 12.6 billion euros. Observing year-on-year variations, the sector has shown consistent growth with significant increments noted, particularly in 2019 at 20.38%. The past two years saw growth rates of 3.94% in 2023 and 4.16% in 2022. Over the last five years, the compound annual growth rate (CAGR) stands at 6.94%. Forecasts indicate that by 2028, turnover is anticipated to reach 14.89 billion euros, reflecting a forecasted five-year CAGR of 2.65%.
Future trends to watch include:
- Increased demand for AI and machine learning services.
- Expansion of cloud computing and cybersecurity offerings.
- Growth in digital transformation consulting services.
- Greater emphasis on sustainable IT solutions.
- Continuous upskilling and reskilling of tech professionals.
