The IT services sector in Denmark has demonstrated a consistent upward trend in employment measured in million hours worked from 2013 to 2023. In 2023, the sector accounted for 95.89 million hours. Year-on-year growth rates from 2013 to 2023 exhibit variability, with notable peaks in certain years such as 2016 and 2019, driven by strong demand and digital transformation initiatives. The five-year compound annual growth rate (CAGR) for 2018-2023 stood at 1.64%, reflecting a steady, albeit moderate, increase in the sector's labor input.
Looking ahead, the forecasted data indicate continued growth, with employment in the IT services sector anticipated to reach 101.72 million hours by 2028. The forecasted five-year CAGR is projected at 0.93%, suggesting a more modest growth rate than observed in the previous years.
Future trends to watch for include:
- Increased automation and AI adoption potentially altering job roles and hours worked.
- Continued digital transformation across various industries driving demand for IT services.
- Need for upskilling and reskilling of the workforce to meet evolving technological demands.
