Analyzing the employees in the IT services sector in Austria from 2013 to 2023, there's been a noticeable upward trend in million hours worked. In 2023, the volume stood at 142.42 million hours. Year-on-year variation showed a slight increase of 2.8% compared to 2022. Over the last two years, the average annual growth rate (CAGR) was 4.36%. Comparing the last five years, the sector saw an average annual variation of 4.87%.

Looking ahead from 2024 to 2028, the forecasted data indicate continued growth with an average annual growth rate of 2%, resulting in an overall 10.4% increase by 2028.

Future trends to watch for:

Impacts of technological advancements and digital transformation on workforce demand.
Shifts in remote work and hybrid work models influencing work hours.
Emerging skill requirements and employee training needs adapting to new technologies.
Potential economic fluctuations and their effect on the IT services sector.