From 2013 to 2023, the number of employees in the software publishing sector in Belgium exhibited significant fluctuations. In 2013, the workforce stood at 200 individuals, but this number halved to 100 in 2014 before doubling again in 2015. A notable surge occurred between 2015 and 2017, with an exceptional peak in 2017 at 1100 employees, driven by a 57.14% year-on-year increase. However, 2018 saw a -36.36% decline, demonstrating high volatility. In subsequent years, the workforce saw moderate and steady increases, achieving a 900-person mark in 2019 and 2020. By 2021, numbers further rose by 11.11% to reach 1000 employees, maintaining stability through 2022 and climbing 10% in 2023 to 1100 employees.
Forecasts from 2024 to 2028 predict continued growth, reaching 1300 employees by 2028. The 5-year CAGR from 2023 to 2028 is expected at 3.4%, highlighting a more stable growth trajectory relative to past volatility.
Future trends to watch for include advancements in technology, shifts in market demand, and Belgium's capacity to attract and retain talent in the software publishing sector. The introduction of new software technologies and continual digital transformation efforts across industries will likely bolster this workforce's growth trajectory. Monitoring regulatory changes and educational initiatives aimed at bolstering tech skills within the country will also be critical.
