The value added of IT services in France has seen a consistent upward trend over the past decade, standing at 70.77 billion euros in 2023. The annual year-on-year growth was highest in 2016 and 2018, with increases of 7.22% and 7.71%, respectively. The growth rate slowed down significantly by 2020, reflecting a 0.78% increase, yet recovered moderately over the last three years, averaging around 3.13% by 2023. The compound annual growth rate (CAGR) over the last five years was 3.36%, indicating a steady but slowing expansion.

Looking forward:

The forecasted CAGR from 2024 to 2028 is expected to be around 2.18%, suggesting a more modest growth phase.
Future growth will hinge on advancements in technologies such as artificial intelligence, cloud services, and cybersecurity measures.
Monitoring changes in regulatory frameworks and potential economic disruptions will be crucial for sustained growth.