The value-added of the computer programming and consultancy sector in Turkey has shown robust growth over the past decade, starting from TL 13.74 billion in 2013 and reaching TL 59.15 billion in 2023. The sector's value nearly quintupled over this period.
Over the last two years, the year-on-year variation indicates moderate growth with 5.47% in 2023, following 3.83% in 2022. The compound annual growth rate (CAGR) over the last five years has slowed to 8.42%, reflecting a stabilization after earlier years of rapid expansion. Forecasts predict a further steady increase, with the sector expected to grow to TL 73.6 billion by 2028, achieving a forecasted five-year CAGR of 3.4%.
Future Trends to Watch For:
- Technological advancements driving digital transformation.
- Increased demand for cybersecurity solutions.
- Adoption of AI and machine learning in various sectors.
- Potential regulatory changes impacting market dynamics.
