The Gross Value Added (GVA) of IT services in the Netherlands has shown a consistent and robust upward trend over the past decade. In 2023, the value stood at 31.51 billion Euros, reflecting a 6.51% year-on-year increase. This trajectory indicates stable growth with significant increments year-on-year, particularly marked by a spike in 2020 with an 11.88% increase. Over the past five years, the average annual growth rate (CAGR) has been 7.63%.
The forecasted data suggests this growth trajectory will continue, with the GVA expected to reach 40.86 billion Euros by 2028. The predicted five-year average growth rate (CAGR) stands at 4.1%, denoting a steady but slightly decelerated growth pace compared to the previous five years.
Future trends to watch for:
- Emerging technologies like AI, machine learning, and blockchain could potentially accelerate growth.
- Increasing digital transformation across sectors may continue to drive demand for IT services.
- The role of remote and hybrid working models could catalyze further growth in the IT services sector.
- Investment in cybersecurity and data protection may lead to new service offerings and expanded market value.
