The turnover of computer consultancy services in Spain has shown a consistent upward trend from 11.83 billion euros in 2016 to 17.65 billion euros in 2023, indicating a steady year-on-year growth. Over the last two years, the sector experienced variations of 5.61% from 2021 to 2022 and 5.27% from 2022 to 2023. The CAGR for the last five years stands at 5.63%, reflecting a robust growth trajectory.
Future forecasts suggest a continuation of this positive trend, with an expected turnover of 21.94 billion euros by 2028. However, the forecasted five-year CAGR (2024-2028) is slightly lower at 3.45%, indicating a moderation in the growth rate.
- Year 2016: 11.83 billion euros
- Year 2023: 17.65 billion euros
- Year 2028 (Forecast): 21.94 billion euros
Future trends to watch for: Expect technological advancements, increased demand for IT infrastructure and cybersecurity services, and the growing prevalence of digital transformation initiatives. These factors are likely to shape the sector’s growth dynamics, albeit at a potentially reduced rate compared to the past decade.
