Forecast: Production of Computer Programming, Consultancy in Germany

The production of computer programming and consultancy in Germany has exhibited a notable growth trajectory from 2013, with values rising from €99.92 billion to €164.35 billion by 2023. The year-on-year variations indicate periods of robust growth interspersed with slight declines, notably in 2020 where there was a significant dip of -15.69%. Despite this setback, the sector rebounded sharply in 2021 with a 27.23% increase.

For the years 2022 and 2023, growth stabilized, hovering around 1.32% and 3.17% respectively. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 shows an average annual increase of 3.85%. Moving forward, forecast data indicate steady growth, with the sector expected to reach €190.91 billion by 2028, signifying a forecasted 5-year CAGR of 2.33% and an overall growth rate of 12.23%.

Future trends to watch for:

  • Continued impact of digital transformation across various industries driving demand.
  • Growth of AI and machine learning consultancies as businesses seek advanced technological solutions.
  • Potential economic fluctuations which may cause volatility in year-on-year growth rates.
  • The influence of regulatory changes and data protection laws on consultancy practices.
  • The rise of remote and freelance consultancy reshaping traditional business models.

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