The IT Services output in Austria is forecasted to grow from 2.1% of the total in 2024 to 2.2% in 2025, maintaining this level through 2028. In 2023, the output stood at 2.0% of the total. The year-on-year growth shows a 5% increase from 2023 to 2024 and a subsequent increase of 4.76% from 2024 to 2025 before stabilizing. The compounded annual growth rate (CAGR) over the next five years (2024-2028) is projected to be approximately 1.85%, indicating steady but modest growth in the sector.
Future trends to watch for include advancements in digital transformation initiatives, the adoption of emerging technologies such as artificial intelligence and machine learning, and the increasing importance of cybersecurity services. These factors could potentially boost the IT services market further, influencing the sector's output positively beyond the current forecasts.
