The employment in business services in Italy has shown a steady increase from 5.48 million units in 2013 to 6.61 million units in 2023. The year-on-year growth illustrates a varied trajectory, with significant upticks in 2016 (4.4%) and 2017 (4.11%), and more moderate increases in recent years, such as 2023 (1.07%). Over the last five years, the compound annual growth rate (CAGR) averaged at 1.02%.
From 2024 onwards, the forecast data anticipates continued growth, reaching 6.94 million units by 2028. The projected CAGR for the next five years stands at 0.77%, indicating a sustained yet moderate growth trend. The forecasted 5-year growth rate is 3.91%.
Future trends to watch for include:
- Potential impacts of technological advancements and automation on employment dynamics within the business services sector.
- The role of digital transformation and new business models in driving demand for business services professionals.
- Influences of economic policies and labor market reforms on job creation in this sector.