Between 2013 and 2023, the wages and salaries in software publishing in Belgium experienced significant fluctuations. The value dropped from €7.1 million in 2013 to €6.5 million in 2015, before skyrocketing in 2016 to €48.5 million, a significant year-on-year increase of 646.15%. This upward trend continued with some volatility, reaching €77.6 million in 2023. The compound annual growth rate (CAGR) over the last five years was 9.23%.
From 2024 onwards, the forecast indicates a steady annual increase in wages and salaries, reaching €94.0 million by 2028. The expected CAGR over this period is 3.02%, suggesting moderated but continued growth.
Future trends to watch for include:
- Increased investment in software development and innovation.
- Impact of evolving regulatory environments on wage structures.
- Potential shifts due to advances in artificial intelligence and automation.
- Fluctuations influenced by global economic conditions and regional market demands.
