The production volume of ICT and Information Services in Denmark has shown a general upward trend from 2013 to 2023, starting at 68.35 billion Danish Krones in 2013 and reaching 98.46 billion Danish Krones in 2023. Significant year-on-year variations include periods of high growth, with peaks in 2015 (7.44%) and 2021 (10.13%), and a notable contraction in 2020 (-2.44%). The Compound Annual Growth Rate (CAGR) has settled to 2.49% over the last five years, indicating moderate steady growth.
Key trends from 2024 onwards are expected to maintain this upward momentum with a forecasted 5-year CAGR of 1.78% and an overall forecasted growth rate of 9.2% by 2028. This suggests a steady, albeit slower, future increase in production volumes.
Future trends to watch for:
- Increased digital transformation across industries
- Growth in demand for advanced ICT solutions and services
- Potential fluctuations due to global economic factors
- Technological advancements impacting production efficiency and volume