The turnover of computer programming and consultancy in Austria has exhibited a clear upward trajectory from 2013 to 2023, growing from €7.09 billion to €12.6 billion. The sector demonstrated a steady year-on-year increase with notable growth periods, particularly in 2019, where a substantial 20.38% increase was observed. The Compound Annual Growth Rate (CAGR) over the past five years settled at 6.94%, reflecting consistent sector expansion.
In the last two years, the market saw modest but stable increases, with a 4.16% growth in 2022 and a 3.94% rise in 2023. The projected forecasts anticipate continued growth, with an expected value reaching €14.89 billion by 2028, translating to a forecasted five-year CAGR of 2.65% and overall forecasted five-year growth rate of 13.97%.
The future trends to watch for include the increasing adoption of digital transformation initiatives among businesses, heightened focus on cybersecurity services, and the growing importance of artificial intelligence and data analytics within consultancy services. Additionally, the proliferation of cloud-based services is expected to drive further growth in the sector.
