In 2023, the employment in the software publishing sector in Spain stood at 14.66 thousand employees. This represents an increase of 4.25% from 2022, continuing a trend of consistent year-on-year growth observed over the past several years. Despite a dip in 2019, the sector has demonstrated strong resilience and upward momentum. The compound annual growth rate (CAGR) over the past five years (2018-2023) is 5.11%, highlighting steady employment expansion.
Looking forward, the forecasted average growth rate comes in at 2.85% per year until 2028, amounting to an overall growth of 15.11% over the next five years. While this indicates a slight deceleration compared to previous years, the sector remains on a positive trajectory.
Future trends to watch for:
- Impact of technological advancements on job creation and skills demand
- Influence of policy changes and economic conditions on the sector
- Emergence of new software sub-sectors and their contribution to overall employment
- Global market dynamics and competition affecting Spain's software publishing industry
