From 2013 to 2023, the value added of ICT and Information Services in Finland has shown a general upward trend. Starting at €4.44 billion in 2013, it reached €7.12 billion by 2023. Over this period, the year-on-year increases demonstrated variability with significant spikes in 2014 (7.43%) and 2017 (12.32%). The compound annual growth rate (CAGR) from 2018 to 2023 was 2.86%, reflecting a steady, albeit moderate, growth trajectory.
Looking forward, the forecast from 2024 to 2028 anticipates continued growth, albeit at a slower pace with a forecasted 5-year CAGR of 1.98%. By 2028, the value added is expected to reach €8.08 billion, representing an overall growth rate of 10.28% from 2023. The sector’s growth appears to be stabilizing after the more pronounced increases observed in earlier years.
Future trends to watch for:
- Advancements in digital transformation across industries.
- Increased demand for cybersecurity and data privacy services.
- Rising importance of AI and machine learning applications in driving efficiencies.
- Ongoing evolution of 5G infrastructure and its impact on ICT services.
- Expansion of the Internet of Things (IoT) and its new services offerings.
