The value added of ICT services in the Netherlands has seen significant growth from 2013 to 2023, starting from 969 million Euros to reaching 2830 million Euros in 2023. This represents substantial growth with notable year-on-year variations. In the earlier part of the decade, there were significant fluctuations, such as a high 50.53% increase in 2018 and a slight decline of 4.04% in 2019. Recent years, particularly from 2019 to 2023, showed more moderate growth rates with smaller year-on-year variations, leading to a 4.47% increase from 2022 to 2023.
Over the past five years, the compound annual growth rate (CAGR) has averaged around 3.1%. Forecasts from 2024 to 2028 suggest a steady, albeit slower growth rate, averaging an annual growth of 2.88%. By 2028, the value added in the ICT sector is projected to reach 3400 million Euros, marking a 15.25% growth over five years.
Future trends to watch for include the impact of technological advancements, continued digital transformation across industries, and the potential influence of economic conditions on growth. The shift towards AI, cloud services, and the Internet of Things (IoT) will likely continue to drive the ICT sector's growth, albeit at a steadier pace.
