Key Market Indicators
Belgium's software revenue is projected to hit €605 million by 2028, rising from €481 million in 2023, according to market data. This marks an annual growth rate of 3.6%. Since 2013, the Belgian software market has seen a significant year-on-year increase of 12.8%. In 2023, Belgium ranked 16th in software revenue globally. Hungary surpassed Belgium with an identical revenue of €481 million. Meanwhile, Sweden, the United Kingdom, and Cyprus secured the second, third, and fourth spots respectively in the ranking.
