In 2023, the turnover of ICT in Belgium stood at 38.50 billion Euros. Based on the forecasted data, we see a consistent year-on-year increase in turnover: 1.28% growth in 2024, 1.28% in 2025, 1.24% in 2026, 1.23% in 2027, and 1.18% in 2028. This results in a Compound Annual Growth Rate (CAGR) of approximately 1.24% over the five-year period from 2024 to 2028. This steady upward trend indicates a stable growth in the ICT sector.
Future trends to watch for include technological advancements, increasing digital transformation initiatives across industries, and potential shifts in regulatory environments which may impact the ICT market in Belgium. Additionally, global economic factors and innovation in ICT products and services may also influence future growth rates.
