Forecast: Turnover in Software Publishing Sector in Denmark

The turnover in the software publishing sector in Denmark has shown substantial growth from 2013 to 2023, standing at 15.78 billion Danish Krones in 2023. Between 2013 and 2019, the sector experienced impressive growth rates, especially with a notable 60.99% increase from 2013 to 2014 and a CAGR reaching up to 19.42% from 2013 to 2018. However, growth rates have been stabilizing post-2018, with a consistent slowdown indicated by a decreasing annual growth rate of 4.28% in 2023. The forecasted growth rate over the next five years is expected to moderate further, with a predicted CAGR of 2.84%, culminating in 18.89 billion Danish Krones by 2028.

Key trends to observe in the future include:

- The impact of digital transformation initiatives as companies increasingly adopt new technologies and software solutions.

- The evolution of cloud computing and SaaS models that could contribute to steady but slower growth.

- Regulatory changes and their effect on market dynamics, such as data privacy regulations.

- Market consolidation as mergers and acquisitions may become more prevalent, influencing competitive landscapes.