The turnover in the computer programming activities sector in Austria has shown a steady upward trend from 2013 to 2023, with notable peaks and occasional dips. Peaking significantly in 2019 with a 25.27% year-on-year growth, the sector faced a slight decline in 2020 by -3.3% but recovered steadily through 2023, reaching 6.96 billion Euros in 2023.
Over the last two years, the sector recorded year-on-year growth rates of 5.99% in 2022 and 5.6% in 2023. The compound annual growth rate (CAGR) over the last five years stands at a moderate 7.42%, indicating consistent performance.
Future forecasts suggest a continued positive trajectory with a forecasted 5-year CAGR of 3.62% and an overall growth rate of 19.46% by 2028, reaching 8.75 billion Euros.
Future trends to watch for include advancements in artificial intelligence, increased demand for software solutions across various industries, and the potential impact of economic fluctuations on investment in technological advancements.
