The IT services sector in the Netherlands has shown consistent growth from 2013 to 2023, with a noticeable year-on-year increase. In 2023, the sector stood at 419.88 million hours. The average year-on-year variation over the last two years was approximately 6.08%, demonstrating strong expansion despite some fluctuations. The Compound Annual Growth Rate (CAGR) over the last five years was 5.9%, indicating robust and sustained sector development.
Future trends to watch for:
- The forecasted 5-year CAGR stands at 2.2%, suggesting a more moderate but steady growth pace compared to recent years.
- Overall forecasted growth by 2028 is projected at 11.51%, signaling continued positive momentum in the IT services sector.
- Technological advancements, workforce skill improvements, and digital transformation initiatives will likely drive future growth.