From 2013 to 2023, the Value Added of ICT and Information Services in Italy has shown a consistent upward trend, growing from 25.78 Billion Euros to 36.71 Billion Euros. The average annual growth rate over the last five years (CAGR) up to 2023 was 1.89%. The year-on-year variation has fluctuated, with notable increases seen between 2013 and 2018, reaching peaks of around 6-7% in some years. However, more recent years have seen moderate growth, with a slight dip in 2022 by 0.3% but regaining momentum in 2023 with a 2.14% increase.
Looking forward, the forecasted data from 2024 to 2028 indicates that growth will continue but at a slower average rate, with a projected CAGR of 1.48%. By 2028, the sector's value is expected to reach 40.37 Billion Euros, marking an overall 7.62% growth from 2023.
Future trends to watch for in this sector include:
- Technological advancements such as the implementation of 5G and further developments in cloud computing and AI.
- Government policies and investments aimed at digital transformation in various industries.
- Impact of European Union digital economy strategies and regulations.
- Market consolidation and emergence of new players driving competitive dynamics.
