The value added of ICT and Information Services in France has demonstrated a consistent growth pattern over the past decade, with an increase from €44.24 billion in 2013 to €70.24 billion in 2023. This represents a significant overall increase driven by substantial yearly growth rates. The year-on-year growth saw its peak between 2016 and 2018, achieving rates as high as 7.7%. From 2018 onwards, the variation slowed down, with the most recent years showing more modest increases, such as 1.54% in 2020 and 0.74% in 2022.
In 2023, the ICT and Information Services sector was valued at €70.24 billion. Over the last two years, growth rates were 0.74% in 2022 and 2.63% in 2023, indicative of moderate but steady growth. The 5-year CAGR, from 2018 to 2023, stood at 3.2%, reflecting the sector's resilience and consistent expansion despite the economic fluctuations.
Looking forward, the forecasted period from 2024 to 2028 suggests a more tempered growth trajectory, with an expected 5-year CAGR of 1.79% and an overall growth rate of 9.27%. Key trends to watch include the increasing integration of AI and digital transformation technologies, investments in cybersecurity, and advancements in cloud computing services, projected to be significant growth drivers in this sector.
