Forecast: Production Volumes of ICT and Information Services in Denmark

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

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