The Gross Value Added (GVA) for IT services in Finland has shown a steady increase from 2013 to 2023, growing from €4.44 billion to €8.8 billion. This growth signifies a robust expansion in the IT sector over the past decade. The year-on-year variations provide insights into annual fluctuations, with notable spikes in 2017 (12.64%) and recent years showing strong growth, such as 9.93% in 2022. The 5.96% growth in 2023 underscores the sector's continued expansion, indicating resilience and potential.
Future projections, based on forecast data, suggest a CAGR of 3.82% over the next five years, with the GVA expected to reach €11.2 billion by 2028. This forecasted growth represents a total increase of 20.64% between 2023 and 2028, reflecting a positive outlook for the IT services sector in Finland.
Future trends to watch for include:
- Increased integration of AI and machine learning in IT services, driving value addition.
- The rise of remote working solutions and cybersecurity demand, influencing growth dynamics.
- Potential impacts of EU digital policies and regulations on market expansion.
