The Computer Programming and Consultancy Services sector in the US demonstrated consistent growth leading up to 2024. The sector clocked 5.87 billion hours in 2023. Forecast data indicates a progressive rise from 2024 to 2028, with values of 6.05 billion hours in 2024, 6.24 billion hours in 2025, moving up to 6.8 billion hours by 2028.
Year-on-year variations:
- 2023 to 2024: 3.07%
- 2024 to 2025: 3.14%
- 2025 to 2026: 3.14%
- 2026 to 2027: 2.80%
- 2027 to 2028: 2.88%
The 5-year CAGR from 2023 to 2028 stands at approximately 3.01%, reflecting steady growth, driven by increased digital transformation and demand for technological services.
Future trends to watch for include the impact of emerging technologies like AI, machine learning, and cloud computing, which are likely to further drive demand and productivity in the sector. Additionally, policy changes, global economic conditions, and talent availability will play pivotal roles in shaping this growth trajectory.
