Forecast: Employees in IT services Sector in Denmark

Between 2013 and 2023, the IT services sector in Denmark experienced consistent growth in employee hours, reaching 105.58 million hours in 2023. Over the past decade, annual year-on-year variations have generally shown positive increments, with notable spikes such as a 10.16% increase in 2021 and 9.12% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stabilizes at 6.67%, indicating accelerated growth in recent years.

Forecasted data from 2024 to 2028 suggest continued but moderated growth, with a forecasted 5-year CAGR of 2.18%, projecting to 123.58 million hours by 2028. Noteworthy trends include a continuous annual increase, but at a slower rate compared to the past half-decade.

Future trends to watch for:

• The integration of advanced technologies like AI and machine learning.
• An increasing shift towards remote work, impacting employee productivity metrics.
• The escalating demand for cybersecurity services.