The production of ICT and Information Services in Austria was valued at 15.95 billion euros in 2023. Over the last two years, the sector experienced a 1.01% and 2.88% year-on-year growth in 2022 and 2023 respectively, indicating a moderate upward trend after a significant 10.79% increase in 2021, following a slight decline in 2020. Analyzing a longer period shows an average annual growth (CAGR) of 3% from 2018 to 2023, compared to an impressive CAGR of 7.5% from 2013 to 2018. Forecasts project a slower growth trajectory with a CAGR of 2.14% from 2024 to 2028, resulting in an overall 11.17% growth rate over the five-year period.

Future trends to watch for:

Digitization initiatives and the adoption of emerging technologies may boost sectoral growth.
Economic factors and potential disruptions from new technological advancements could influence production levels and market dynamics.
Government policies on digital infrastructure and ICT industry support could play a crucial role in shaping future growth.