From 2013 to 2023, the number of persons employed in software publishing in Belgium has shown significant growth, with a particularly rapid rise between 2015 and 2017. There were notable fluctuations such as a significant drop in 2018 followed by a recovery in the subsequent years. By 2023, employment stood at 1,500 persons, reflecting a 7.14% increase from the previous year. Observing the Compound Annual Growth Rate (CAGR) over the last five years, we see an average growth of 8.45% per year, indicating a positive long-term expansion.
Future trends to watch:
- The forecasted employment trend suggests moderate growth, with a forecasted 5-year CAGR of 3.71% from 2023 to 2028.
- Expected technological advancements and digital transformation could continue to drive employment growth in software publishing.
- Possible impacts of automation and AI on job roles and the types of skills in demand.
