Compound annual growth rates (CAGR) look at how much a company or industry has grown over a given period. CAGR are a useful measurement for potential investors to gauge how well a company or industry has been performing over the last five years and compare to other investments of interest.
Compound annual growth rates can be used to measure a number of different factors including revenue as in this example, but also income, customers, returns etc. As of January 2024, the CAGR in revenues over the last five years for the technology and telecommunications sector in Western Europe have been highest in the software (system & application) industry (15.3 percent).
In terms of expected growth between 2024 and 2025, the best performing industry was software (system & application), with revenues expected to grow by approximately 15.2 percent.
Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry
* Total number of companies analyzed by the source. The following number of companies were analyzed for each industry: Computer Services - 226 Computers/Peripherals - 43 Information Services - 6 Software (Internet) - 28 Software (System & Application) - 339 Telecom (Wireless) - 12 Telecom. Equipment - 54 Telecom. Services - 64
Countries for Western Europe include; Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Poland, Sweden, United Kingdom
The source added the following information "Obtained using this year’s earnings per share and earnings per share from 5 years ago: Historical Growth rate = (EPS (today)/EPS(5 years ago))^(1/5)-1. If EPS five years ago or today is negative, this number is not estimated.
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Leonard N. Stern School of Business. (January 5, 2024). Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/
Leonard N. Stern School of Business. "Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry." Chart. January 5, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/
Leonard N. Stern School of Business. (2024). Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/
Leonard N. Stern School of Business. "Five Year Compound Annual Growth Rate (Cagr) in Revenues in The Technology and Telecommunications Sector in Europe in 2024, by Industry." Statista, Statista Inc., 5 Jan 2024, https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/
Leonard N. Stern School of Business, Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry Statista, https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/ (last visited November 22, 2024)
Five year compound annual growth rate (CAGR) in revenues in the technology and telecommunications sector in Europe in 2024, by industry [Graph], Leonard N. Stern School of Business, January 5, 2024. [Online]. Available: https://www.statista.com/statistics/1031331/compound-annual-growth-rate-in-the-technology-and-telecommunications-sector-europe/
