The IT services output in Italy has shown a consistent growth trend from 2013 to 2023, increasing from 50.06 billion euros to 73.54 billion euros. The year-on-year variation has generally been positive, with significant growth rates observed in 2016 (5.79%) and 2021 (8.58%). The compound annual growth rate (CAGR) has varied across this period, with a notable increase of 4.86% in 2018. However, the growth was slightly subdued in the years 2019 (-0.17%) and 2020 (-0.17%), likely due to external economic pressures. The latest CAGR stands at 2.99% over the past five years.
Looking forward, forecasts indicate the output will continue to grow, predicting it to reach 83.18 billion euros by 2028. The future CAGR is expected to be around 1.95%, with an overall 10.16% growth rate projected for the next five years.
Trends to watch for in the future include:
- Adoption of digital transformation initiatives by enterprises.
- Investment in emerging technologies such as AI, cloud computing, and cybersecurity.
- Potential economic disruptions and regulatory changes affecting IT spending.
