The IT services Gross Value Added in Denmark has shown consistent growth from 2013 to 2023, increasing from 35.12 billion Danish Krones in 2013 to 59.15 billion Danish Krones in 2023. The yearly variations reveal a trend of steady increase with occasional slowdowns, such as a slight dip in 2014, followed by a notable rise in subsequent years. The average annual growth rate over the past five years (2018-2023) stands at 4.07% year-on-year, with a compound annual growth rate (CAGR) of 6.65%.
Looking forward, the forecast data indicates continued growth in the sector, with the Gross Value Added expected to reach 70.37 billion Danish Krones by 2028. The predicted five-year CAGR from 2024 to 2028 is 2.75%, translating to an overall growth rate of 14.54% over the period.
Future trends to watch for in the Danish IT services sector include the potential impact of digital transformation initiatives, the adoption of emerging technologies such as artificial intelligence and blockchain, and the evolution of remote and hybrid work models which may drive further demand for IT services. Additionally, regulatory changes and economic factors will also play critical roles in shaping the growth trajectory of the industry.
