As of 2023, the production of ICT and Information Services in Norway stood at 135 billion Norwegian Krones. In 2024, it is forecasted at 139.78 billion Norwegian Krones, representing a 3.54% year-on-year increase. In 2025 and 2026, production is projected to grow to 144.25 and 148.63 billion Norwegian Krones, respectively, with year-on-year growth rates of 3.20% and 3.04%. For 2027 and 2028, further increases to 152.92 and 157.12 billion Norwegian Krones are expected, yielding growth rates of 2.89% and 2.75%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 averages at 3.08% per annum.
Future Trends to Watch:
- Continued investments in digital infrastructure and 5G technology.
- Rising demand for cybersecurity services driven by increasing cyber threats.
- Growth in cloud computing and data analytics services.
- Expansion of innovative ICT solutions in healthcare and education sectors.
- Potential regulatory changes impacting the ICT industry dynamics.
