The Computers and Peripheral Equipments Market in Belgium has undergone significant fluctuations from 2012 to 2022. Starting at 1.6466 billion Euros in 2012, the market grew sharply in 2013 by 8.86% but experienced a decline in both 2014 and 2015. A significant rebound occurred in 2016 with a 27.75% increase, propelling the market past the 2 billion Euro mark in subsequent years. Despite minor declines in 2018, 2019, and 2020, the market gained some momentum in 2021 with a 9.23% increase before slightly decreasing by 0.32% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.94%, indicating moderate long-term growth.
Future trends to watch for include the impact of emerging technologies, such as artificial intelligence and IoT, on market demand. Additionally, the shift towards remote working and digital transformation within businesses could drive the need for computing peripherals. Sustainability and eco-friendly products will also likely influence purchasing decisions, prompting more innovation in the sector.
How does Belgium rank in Computers and Peripheral Equipments Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21,934,000,000 | 2023 | +0.44% | +0.5% | View data |
| 2 | 2 United Kingdom | 17,649,000,000 | 2023 | -1.55% | -1.52% | View data |
| 3 | 3 France | 12,968,000,000 | 2023 | +0.35% | +0.83% | View data |
| 4 | 4 Italy | 7,169,300,000 | 2023 | +0.069% | +1.33% | View data |
| 5 | 5 Spain | 5,921,500,000 | 2023 | +1.94% | -0.12% | View data |
| 6 | 6 Sweden | 3,206,000,000 | 2023 | -0.5% | -1.55% | View data |
| 7 | 7 Belgium | 2,363,400,000 | 2023 | +1.61% | +1.39% | |
| 8 | 8 Austria | 2,280,800,000 | 2023 | +1.44% | +3.51% | View data |
| 9 | 9 Denmark | 1,790,600,000 | 2023 | +0.29% | +0.84% | View data |
