Forecast: Number of Employees in Software Publishing Sector in Austria

Based on the provided data, the Software Publishing Sector in Austria has shown consistent growth in employee numbers from 2013 to 2023. In 2023, the sector reached 4.4 thousand employees, marking a year-on-year increase of 4.44%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was 5.19%. This reflects a stable upward trend in employment within the sector, with notable higher growth rates in years like 2016 (28.44%) and a subsequent stabilization over the last couple of years.

Looking ahead, the forecasted data suggests continued growth, albeit at a slower pace. By 2028, the sector is expected to employ 5.29 thousand individuals, representing a forecasted five-year CAGR of 2.93% and an overall growth rate of 15.55% from 2024 to 2028.

Future trends to watch for include:

• Technological advancements and digital transformation driving new software development and increased employment.
• Potential impacts of economic conditions and policy changes on hiring trends.
• The role of educational and training programs in supporting a skilled workforce in software publishing.
• Global market trends and their influence on Austria’s software publishing sector.