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.