The Computers and Peripheral Equipments market size in Belgium saw a significant decline over the past decade. The market value stood at 3.68 million in 2023, indicating a substantial reduction compared to its peak in 2013.
Year-on-year variations show mixed trends with periods of both incline and decline. Between 2013 and 2017, there was an overall downward trend with an average compound annual growth rate (CAGR) of -10.86%. Despite intermittent growth in 2018 and 2020, the market continued its decline, with a notable drop of 25.81% in 2021 and further reductions in subsequent years, reaching -14.99% by 2023.
Looking ahead, the forecast for 2024-2028 predicts an accelerated decrease, with a forecasted 5-year CAGR of -29.41%, leading to an 82.47% contraction by 2028. This decline may reflect shifts in technological preferences, market saturation, and possibly economic factors.
Future trends to watch for include advancements in cloud computing, the impact of AI-driven devices, the shift towards mobile computing, and changes in consumer behavior towards adopting newer technologies. Additionally, economic recovery and potential policy changes could influence market dynamics significantly.
