The IT services sector in Belgium has shown consistent growth over the past decade, from 51.1 thousand employees in 2013 to 89.2 thousand employees in 2023. Notable spikes in growth were seen in 2017 and 2019 with year-on-year increases of 9.46% and 8.85% respectively. In 2022, the sector continued its robust expansion with a 7.1% increase and a projected 5.56% in 2023, reflecting a sector continuing to build on strong foundations.
The last five years have indicated a steady Compound Annual Growth Rate (CAGR) of 6.37%, showcasing the sector's strong capacity for expansion. Forecasted data from 2024 to 2028 predicts a maturation phase with a lower CAGR of 2.64%, thus achieving an estimated 106.5 thousand employees by 2028, marking a 13.9% overall growth rate over these years.
Future trends to watch for include the increasing integration of AI and machine learning, which could drive further demand for specialized IT services. Additionally, innovations in data security and the rise of cloud services are expected to add dynamic opportunities for employment growth in the sector. Companies in Belgium are likely to focus on digital transformation projects which could sustain or even accelerate the need for IT services professionals.
