Over the past decade, the production volumes of ICT and Information Services in Italy have shown a general upward trend, starting from 50.88 billion euros in 2013 and reaching 65.26 billion euros in 2023. The most notable growth occurred in 2021 with an extraordinary 8.97% year-on-year increase, likely influenced by heightened digital transformation efforts during the pandemic. Although growth slowed slightly in 2022 with a -0.55% decline, there was a rebound in 2023 with a 1.39% rise.
#### Historical Trends:
- From 2013 to 2023, the CAGR is approximately 1.23%, indicating steady, albeit modest, growth over the past decade.
- Significant fluctuations were seen, particularly with a strong growth streak ending in 2019, followed by the impact of the COVID-19 pandemic in 2020, showing a -3.28% decrease.
#### Future Trends (2024-2028):
- Forecasts suggest continued growth in production volumes, reaching around 70 billion euros by 2028. The expected 5-year CAGR stands at 1.09%, with an overall forecasted growth rate of 5.55% from 2024 to 2028.
Looking ahead, watch for trends like the adoption of emerging technologies (AI, IoT), further digital transformation across sectors, and policy changes impacting the ICT landscape. Also, monitor economic conditions and potential risks that could impact growth projections.
