The production value of computer programming and consultancy in Austria has shown a general upward trend from 2013 to 2023, growing from 4.91 Billion Euros in 2013 to 8.69 Billion Euros in 2023. The highest year-on-year growth was observed in 2019, with a 17.6% increase.
Recent years have seen more stable growth rates: 4.89% in 2022 and 4.62% in 2023, reflecting a post-2019 stabilization phase. The 5-year CAGR leading up to 2023 was 6.49%, indicating robust sector performance.
Future projections suggest that the sector will continue to grow, albeit at a slightly slower pace. The forecasted 5-year CAGR through 2028 is 3.07%, with an expected overall growth rate of 16.33% by 2028, reaching 10.55 Billion Euros.
Future trends to watch for:
- Increased emphasis on AI and machine learning in programming and consultancy services.
- Surge in demand for cybersecurity with growing digital transformation.
- Expansion of cloud-based solutions and services leading to diversification in consultancy offerings.
- Impact of regulatory changes on data privacy and protection influencing consultancy needs.
