The turnover in the Software Publishing Sector in Italy showed significant growth from 2013 to 2016, with year-on-year increases peaking at 19.22% in 2013 and a notable CAGR of 11.46% by 2017. However, the sector encountered fluctuations with declines of -7.36% in 2017 and -25.98% in 2020. A recovery phase began in 2021 with a 17.01% increase. In 2023, the sector stood at 336.0 million Euros, with a moderate growth of 5.16%. The last five years had an average growth rate of 1.74% per year.
Future trends to watch for:
- Potential market stabilization with an expected forecasted CAGR of -0.11% over the next five years.
- Technological advancements, digital transformation, and increased adoption of cloud-based solutions might drive sector growth.
- The industry's resilience to economic fluctuations and changing consumer demands will play a crucial role in its performance.