The turnover of computer consultancy services in Austria has shown fluctuations over the past years. From 2013 to 2017, there were considerable variances, with notable negative growth in 2015 and 2017. A recovery is seen post-2017 with some positive increments, leading to the highest value in 2020. The turnover stood at 1.94 billion Euros in 2023. The year-on-year growth for 2022 and 2023 was modest at 1.07% and 1.05%, respectively. Over the last five years (2019-2023), the CAGR was 2.83%. Future forecasts show a steady but slow increase, predicting a 0.78% CAGR over the next five years (2024-2028), with a forecasted 5-year growth rate of 3.95%, reaching 2.04 billion Euros by 2028.
Looking ahead, key trends to watch for include advancements in AI and machine learning, which could significantly influence the demand for consultancy services. Additionally, digital transformation initiatives and increased emphasis on cybersecurity will likely propel the market further. Changes in regulatory policies and an evolving technological landscape will also play pivotal roles in shaping future growth.
