The number of employees in the Scientific Research and Development sector in Italy has shown a steady increase from 2013 to 2023, reaching 185.16 million hours in 2023. The sector experienced notable growth particularly in 2021 with an 8.47% year-on-year increase. Over the last two years, the growth rates were 4.07% and 1.79% for 2022 and 2023 respectively. The CAGR over the last five years from 2019 to 2023 stood at 3.06%, reflecting a robust upward trend.
Future trends to watch for include:
- Sustained growth with the forecasted CAGR for the next five years at 1.33%, emphasizing a moderate but consistent expansion.
- The sector is anticipated to reach 201.24 million hours by 2028, with a forecasted 5-year growth rate of 6.81%.
- Continued investment in research and development, driven by both public and private sectors, could lead to enhanced opportunities and further growth in employment hours.