The software publishing sector in Denmark has experienced significant growth from 2013 to 2023, increasing from 3.33 thousand FTEs in 2013 to 7.58 thousand FTEs in 2023. Over this period, the sector saw year-on-year growth rates ranging from 4.11% in recent years to as high as 14.61% in 2016. The Compound Annual Growth Rate (CAGR) over the last 5 years was 6.03%, indicating steady but decelerating growth. Forecasts for 2024 and beyond predict a slower pace, with a forecasted 5-year CAGR of 1.74% and overall 5-year growth rate of 8.98% by 2028.
Future trends to watch for include:
- Impact of automation and AI on employment opportunities.
- Influence of global economic conditions on sector growth.
- Shifts in demand for software as a service (SaaS) and cloud computing solutions.
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