The value added of ICT in Austria has demonstrated consistent growth over the past decade, increasing from €9.75 billion in 2013 to an estimated €15 billion in 2023. The sector experienced varying year-on-year growth rates, peaking at 8.51% in 2018, with a notable dip of -0.19% in 2020 likely due to the global impact of COVID-19. The compound annual growth rate (CAGR) provides a more stable picture of growth, averaging 3.34% over the last five years up to 2023. Forecasting into the future, the ICT value is expected to rise to €17.35 billion by 2028, with a projected 5-year CAGR of 2.31% and overall growth of 12.09% during this period.
Future trends to watch for include the integration of advanced technologies such as AI and IoT in various sectors, the acceleration of digital transformation in businesses, and the possible effects of regulatory changes in the ICT industry. Additionally, the economic recovery post-pandemic and evolving consumer behaviors towards digital solutions will significantly influence the trajectory of ICT value addition in Austria.
