In 2023, the Gross Value Added (GVA) by IT services in Switzerland was 21.71 billion Swiss Francs. From 2024 onwards, the forecasted data indicates a positive trend with an annual growth of approximately 2.3% in 2024, 2.2% in 2025, 2.1% in 2026, and 2.0% in 2027. This consistent growth results in an average CAGR of 2.16% over the five-year period from 2023 to 2027.
The observed trend denotes a steady increase in the value contributed by the IT services sector to the Swiss economy. Over the last two years, the sector has experienced a healthy growth rate, underscoring the robustness and potential of this industry.
Future trends to watch for:
• The integration of advanced technologies such as AI and blockchain in IT services.
• Expansion of cloud services and cybersecurity investments.
• Growing demand for IT services amidst increasing digital transformation across various sectors.
