The production value of the ICT sector in Denmark has been steadily increasing from 2013 to 2023, where it stood at 29.17 billion euros. The actual data indicated significant growth between 2013 and 2023, with notable year-on-year variations: 18.05% in 2017, 5.8% in 2018, then stabilizing to around 2-3% per year in subsequent years. Most recently, the CAGR over the past five years (2018-2023) demonstrated a moderate 2.45% annual growth.
Future projections for 2024 to 2028 suggest a continued upward trend, with forecasted data indicating a five-year CAGR of 1.84% and an overall growth rate of 9.55%. This demonstrates a sustained, though slightly decelerated, growth trajectory.
Future trends to watch for include:
• Increased investment in emerging technologies such as AI and IoT.
• Expansion of digital infrastructure and 5G networks.
• Growth in ICT-related service industries and digital transformation initiatives across various sectors.
