In 2023, the IT Services output in Norway was 15.35 billion euros. The forecasted values indicate a steady increase over the years: 15.94 billion euros in 2024, 16.46 billion euros in 2025, 16.97 billion euros in 2026, 17.47 billion euros in 2027, and 17.97 billion euros in 2028. This represents year-on-year growth as follows:
- 2024: 3.84%
- 2025: 3.26%
- 2026: 3.10%
- 2027: 2.94%
- 2028: 2.86%
Over the last two years, the IT services output grew at an average rate of 3.36% per year. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be around 3.20%.
Future trends to watch for include technological advancements, increasing demand for digital transformation, and potential impacts from global economic conditions and local regulatory changes. Monitoring these factors will be crucial for predicting future performance accurately.
