Forecast: Employment in IT Services Sector in Spain

Over the past decade, employment in the IT Services sector in Spain has demonstrated a generally upward trend with minor fluctuations. From 2013 to 2023, recorded actual employment grew steadily from 454.31 million hours to 722.57 million hours, indicating growing demand for IT services. Between 2021 and 2023, the sector saw robust growth rates of 7.48% and 4.32% respectively, confirming a strong upward momentum. In 2023, the sector stood at 722.57 million hours of employment, a significant rise from the previous years.

Future trends to watch for:

• Technological advancements driving demand for new IT services.
• Continued positive growth with a forecasted 5-year CAGR of 3.44% with an 18.42% growth rate by 2028, reaching 897.52 million hours.
• Potential impact of AI and automation on shifting employment landscapes.