The output of computer programming and consultancy services in the US demonstrates robust growth, reflecting the sector's expansion over the past decade. In 2023, the value stood at USD 590.95 billion, showing a year-on-year increase of 3.87%. The compound annual growth rate (CAGR) over the last five years was 4.47%. The forecast from 2024 to 2028 predicts continued growth, albeit at a moderated rate with a forecasted 5-year CAGR of 2.63% and an overall growth rate of 13.88%.

Future trends to watch for:

Further integration of artificial intelligence and machine learning in consultancy frameworks.
Increase in demand for cybersecurity services due to rising cyber threats.
Growth of cloud computing and its impact on consultancy services.
Emphasis on digital transformation initiatives across multiple industries.