Forecast: Computer Software and Databases Productivity Growth Rate in Italy

From 2013 to 2023, the productivity growth rate in Italy's computer software and databases sector experienced an initial rapid increase, peaking in 2014, followed by a gradual decline. By 2023, it stood at 3.48. The year-on-year variation shows a consistent downward trend over the last decade, with significant deceleration post-2017.

The forecasted data from 2024-2028 projects a continuous reduction in the growth rate, with the five-year CAGR at -2.91% and the overall forecasted five-year growth rate at -13.72%. This suggests a slowing momentum in productivity gains within the industry.

Future trends to watch for include:

  • The impact of emerging technologies such as AI and cloud computing on productivity.
  • Policy and regulatory changes within the EU influencing the technology sector.
  • Shifts in global software demand and outsourcing trends.