The data on wages and salaries in IT services in Belgium illustrates a consistent growth pattern from 2013 to 2023, rising from €3.08 billion to €5.45 billion. The year-on-year growth fluctuates but shows an overall increasing trend, peaking in 2017 with an 11.05% increase. Subsequent years saw more moderate growth, with an average annual growth rate (CAGR) of 4.48% over the last five years (2019-2023). Forecasts for 2024-2028 predict continued growth, but at a slower pace with a 5-year CAGR of 1.38%.

Key future trends to watch for include:

Adoption of advanced technologies such as AI and machine learning, potentially driving higher wage demands due to increased skill requirements.
Remote work and flexible working arrangements continuing post-pandemic, influencing wage structures and salary negotiations.
Potential economic fluctuations impacting growth rates and salary increments in the IT services sector.