In 2023, the production value in the software publishing sector in Norway stood at 25.0 billion Norwegian Krones. For the forecasted period from 2024 to 2028, this sector shows a steady growth trend.
Breaking down the year-on-year growth:
- From 2023 to 2024, the growth is 3.04%.
- From 2024 to 2025, the growth is 2.86%.
- From 2025 to 2026, the growth is 2.68%.
- From 2026 to 2027, the growth is 2.58%.
- From 2027 to 2028, the growth is 2.47%.
Observing the Compound Annual Growth Rate (CAGR) from 2024 to 2028, the average annual growth rate stands at approximately 2.73%.
Future trends to watch include increased adoption of cloud-based software solutions, rising demand for software in sectors like healthcare and education, and the potential impacts of emerging technologies such as AI and machine learning on the industry.
