Over the past decade, the turnover of Computer Programming and Consultancy in Spain has shown a consistent upward trend with a few fluctuations. From 2013 to 2023, the value increased steadily from 23.89 billion euros to 36.24 billion euros. The year-on-year growth rates have mostly been positive, apart from slight declines in 2020 due to the global pandemic. The CAGR has indicated robust long-term growth averaging 2.64% over the last five years.
For the forecast period from 2024 to 2028, the turnover is expected to continue increasing, reaching 40 billion euros by 2028. The forecasted CAGR over the next five years is 1.57%, indicating a slower but steady growth rate.
Future trends to watch for include the impact of emerging technologies like artificial intelligence, blockchain, and the increased demand for cybersecurity services, which could drive further growth in the sector. Additionally, the acceleration of digital transformation in various industries may continue to fuel demand for computer programming and consultancy services.
