In 2023, the IT Services Output in Italy stood at 76.44 Billion Euros, showcasing a consistent growth pattern over the past decade. Year-on-year variation reveals a robust growth trend, averaging 4.06% annually from 2013 to 2023. Over the last two years, the sector grew by 7.9% in 2021 and 6.67% in 2022. The Compound Annual Growth Rate (CAGR) for the last five years stood at an impressive 3.79%.
Looking ahead, forecasted data suggests continued growth, albeit at a slightly moderated pace, with a forecasted 5-year CAGR of 2.51% and an overall growth rate of 13.22% from 2024 to 2028. The IT services output is expected to reach 89.58 Billion Euros by 2028.
Future trends to watch for include:
- Adoption of emerging technologies such as AI, IoT, and blockchain.
- Growth in cloud computing and data analytics.
- Increased investment in cybersecurity and digital transformation.
