The turnover of computer programming and consultancy in Belgium has seen consistent growth from 12.43 billion Euros in 2013 to 22.23 billion Euros in 2023. This represents a robust growth pattern with year-on-year variations ranging from -1.2% to 11.09% over the period. Notable years include 2017 and 2019, with growth rates of 10.19% and 11.09% respectively. The latest data from 2023 shows a turnover value of 22.23 billion Euros, with a year-on-year growth of 3.64% and a five-year CAGR of 4.79%
Looking ahead, the forecast predicts continued growth, with the turnover expected to reach 26.05 billion Euros by 2028, reflecting a forecasted five-year CAGR of 2.52%. While the growth rate slows compared to previous years, the market remains on an upward trajectory, emphasizing steady demand and expansion in this sector.
Future trends to watch for:
- Increased digital transformation efforts across industries.
- Growing demand for cybersecurity and data protection services.
- Advances in AI and machine learning driving new consultancy opportunities.
- Expansion of remote work and its impact on IT infrastructure and services.
