Forecast: Telecom Gross Value Added in Austria

The Gross Value Added (GVA) of the telecom sector in Austria stood at €3.17 billion in 2023, showing minimal growth of 0.38% year-on-year. Over the last five years, this sector experienced an average annual growth rate (CAGR) of just 0.12%. Reflecting on the 2013-2023 period, the GVA saw significant fluctuations, with the highest year-on-year increase of 10.22% in 2018 and some declines such as the 3.35% drop in 2019. The projected forecast suggests a modest growth trend with a 5-year CAGR of 0.29%, amounting to a 1.47% growth by 2028.

Future trends to watch for include:

• Expansion of 5G infrastructure and its impact on the telecom market.
• Increased demand for high-speed internet and its influence on GVA.
• Shifts in consumer behavior and technological advancements driving service innovation.
• Regulatory developments impacting market dynamics.