Forecast: Value Added of IT Services in Denmark

The value-added of IT services in Denmark has shown a fluctuating but generally upward trend from 2013 to 2023, reaching 52.34 billion Danish Krones in 2023. The year-on-year growth rate for 2023 was 2.62%, while the CAGR over the past five years was 4.07%. Historical volatility was observed, with notable spikes in 2016 and 2019, where year-on-year variations were 8.63% and 12.11%, respectively.

Future trends to watch for include:

  • The forecast suggests a relatively slow growth, with a 5-year CAGR of 1.79% and an overall growth rate of 9.26% from 2024 to 2028.
  • Potential factors influencing this growth could include technological advancements, increased digital transformation, and potential economic fluctuations.
  • The focus will likely be on innovative IT services, artificial intelligence, and cybersecurity.

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