Forecast: Employment in ICT and Information Services in Austria

From 2013 to 2023, employment in ICT and Information Services in Austria increased from 47.22 to 70.07 thousand units, with significant year-on-year variations. Notable increases occurred in 2014 (7.07%), 2016 (7.16%), and 2018 (9.4%). However, growth rates slowed down to 2.52% by 2023. The last 5-year CAGR of 2023 stands at 2.34%, indicating a decelerating growth trend. Forecasts from 2024 to 2028 show continuous but modest growth, reaching 78.18 thousand units in 2028, with a CAGR of 1.73% and an overall five-year growth rate of 8.94%.

Future trends to watch for include:

  • Impacts of digital transformation on employment patterns.
  • Potential acceleration or deceleration due to economic fluctuations and technological advancements.
  • Evolving skill requirements and their impact on labor market dynamics.

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