From 2013 to 2023, the IT services Gross Value Added (GVA) in Poland expressed in Billion Zloty has shown strong growth. The value in 2023 stood at 94.79 Billion Zloty, reflecting a significant year-on-year increase of 15.36%. The compound annual growth rate (CAGR) over the last five years is an impressive 17.62%, indicating robust expansion in the IT services sector.
Focusing on recent trends, the last two years have seen substantial growth, with 2022 and 2021 showing year-on-year increases of 18.33% and 23.84% respectively. Looking ahead to the forecasted data from 2024 to 2028, the expected average annual growth rate (CAGR) is 7.78%, with an overall projected growth rate of 45.44% over the five-year period up to 2028.
Future trends to watch for:
- Technology advancements and digital transformation initiatives continuing to drive growth.
- Increased demand for cloud services, cybersecurity, and AI-based solutions.
- Potential impacts of global economic conditions and regulatory changes on the IT services industry.