The production volumes of ICT and Information Services in Norway were recorded at 124.3 billion Norwegian Krones in 2023. In 2024, the forecast value is 128.44 billion, marking an increase of 3.32%. The production volume is expected to continue growing year-on-year, with 131.93 billion in 2025 (2.71%), 135.34 billion in 2026 (2.59%), 138.69 billion in 2027 (2.48%), and 141.96 billion in 2028 (2.36%). The compound annual growth rate (CAGR) over these five years is projected to be 2.69%, indicating a steady growth trend in the sector.
Future trends to watch for:
- Increased digitization and cloud computing adoption driving higher demand for ICT services.
- Advancements in 5G technology enhancing connectivity and accelerating innovation in information services.
- Rising importance of cybersecurity solutions amid increasing cyber threats.
- Growing use of Artificial Intelligence and Machine Learning in various industries impacting service demand.
