Production of ICT services in the Netherlands has shown a cumulative growth from 2.09 billion euros in 2013 to 8.11 billion euros in 2023. The year-on-year variation peaked at 49.58% in 2018, but growth steadied and experienced modest fluctuations thereafter, such as a 0.78% rise in 2020 and a 4.86% increase in 2023. The five-year compound annual growth rate (CAGR) for 2023 stands at 3.54% compared to much higher CAGR values in previous periods.
Looking forward, forecast data indicate continued growth reaching 9.9 billion euros by 2028. The five-year forecasted CAGR is projected at 3.12%, accounting for an overall growth rate of 16.62% from 2024 to 2028.
Future trends to watch for:
- Adoption of new and advanced technologies driving growth in ICT services
- Impact of economic fluctuations and global market trends
- Government policies promoting digital transformation
- Potential market saturation and competition influencing growth rates
