From 2013 to 2023, Denmark's ICT services exports grew significantly from USD 3.81 billion to USD 7.70 billion. The period exhibited strong annual growth variations, peaking at 28.18% in 2013 and stabilizing around 5.27% in 2023. The CAGR over the last five years (2019-2023) averages 7.23%. Notably, the growth in the ICT services export sector has shown resilience despite occasional year-on-year fluctuations, suggesting a robust underlying trend.
Forecasted data for 2024-2028 indicates a steady growth trajectory with an anticipated CAGR of 3.43%, culminating in an estimated USD 9.57 billion by 2028—reflecting an overall growth of 18.37% over five years. This suggests a more moderated but consistent growth phase, building on past successes.
Future trends to watch include:
- Emergence of new technologies and their integration within Danish ICT services.
- Impact of global economic conditions on export demand.
- Government policies supporting the digital economy and innovation.
- Increased focus on cybersecurity, AI, and data services which can drive demand further.
