The ICT industry employment in Austria has been steadily increasing from 2.43 units of total employment in 2013 to 2.94 units in 2023. This indicates a consistent growth trend over the years, with the year-on-year variation stabilizing at around 1.38% in 2023. The last five years reflect a compound annual growth rate (CAGR) of 2.25%, suggesting a healthy upward trajectory.
Future projections from 2024 to 2028 forecast continued growth, with employment expected to reach 3.14 units by 2028. While the annual growth rate is predicted to average 1.05%, the forecast 5-year growth rate stands at 5.37%, indicating sustained but moderate expansion.
Future trends to watch for include the increasing adoption of emerging technologies such as artificial intelligence, machine learning, and blockchain. These technologies could potentially drive demand for ICT professionals, thereby further influencing employment growth in the industry.
