In 2023, the self-employed people in IT services sector in Finland stood at 9.0 million hours, experiencing a stabilization since 2021. Looking back at historical data, there has been a significant overall declining trend since 2013, hitting the lowest in 2019. However, a slight recovery can be observed from 2020 onwards, with the forecasted values indicating a gradual but steady increase up to 9.4 million hours by 2028.
Year-on-year variations have shown fluctuations, with sharp declines noted between 2016 and 2019, before stabilizing and experiencing slight growth in subsequent years. The last five-year CAGR from 2019 to 2023 was -1.08%, representing an average annual decline. Forecasted data from 2024 to 2028 project a modest average annual growth with a CAGR of 0.65% and a cumulative growth rate of 3.3% over this period.
Future Trends to Watch:
- Increasing relevance of remote working, potentially boosting self-employment in IT.
- Technology advancements driving demand for specialized IT services and freelancing.
- Developing government policies that encourage entrepreneurship and tech start-ups.
- Global economic conditions impacting the freelance and gig economy sectors.
