The turnover of computer programming and consultancy in Finland reached €11.83 billion in 2023, indicating a consistent growth trajectory over the years. The industry demonstrated resilience through economic fluctuations, with notable yearly variations: 2014 (11.48%), 2015 (9.52%), 2016 (2.13%), 2017 (8.37%), 2018 (-8.72%), 2019 (7.53%), 2020 (8.72%), 2021 (2.45%), 2022 (3.25%), and 2023 (3.1%). The compound annual growth rate (CAGR) for the past five years stood at 4.98%, reflecting steady but moderated expansion.
Future projections suggest continued growth with forecasted values: 2024 (€12.18 billion), 2025 (€12.52 billion), 2026 (€12.86 billion), 2027 (€13.2 billion), and 2028 (€13.53 billion). The forecasted 5-year CAGR is estimated at 2.13%, with an overall 11.13% growth over this period, indicating a more tempered yet positive outlook.
Future trends to watch:
- The ongoing digital transformation and increased reliance on IT services.
- Adoption of emerging technologies such as AI, blockchain, and IoT.
- Potential shifts in global economic conditions and their impact on IT investments.
