The output of the ICT sector in Austria showed steady growth from 2013 through 2023, reaching 31.93 billion Euros in 2023. Significant increases were noted, especially in 2018 (8.28%) and 2019 (7.08%). However, growth slowed in recent years, with the year-on-year change in 2023 being 2.96%. The compound annual growth rate (CAGR) over the last five years was 3.33%, indicating stable yet slowing growth.
Future trends to watch for include:
- An anticipated average annual growth rate (CAGR) of 2.08% from 2024 to 2028.
- A projected overall growth rate of 10.84% by 2028, reaching 36.4 billion Euros.
- Potential impacts of digital transformation, artificial intelligence (AI), and 5G technology on the sector's growth trajectory.
- Economic factors and policy changes that may influence future investment in the ICT sector.
