The turnover in the Computer Programming, Consultancy, and Related Activities sector in Belgium has shown a consistent upward trend from 2013 to the present. In 2023, the sector reached a value of 22.23 billion Euros, marking an average annual growth rate (CAGR) of 4.79% over the last five years. The growth has fluctuated slightly, with significant increases of over 10% observed in 2016 and 2017, and more modest growth of around 1%-4% in recent years.
The past two years showed a steady increase with year-on-year growth rates of 3.81% in 2022 and 3.64% in 2023. Looking ahead, the sector is expected to continue its growth trajectory, with forecasted CAGR of 2.52% from 2024 to 2028, contributing to an overall increase of 13.24% over the next five years.
Future trends to watch for include the impact of emerging technologies such as artificial intelligence, machine learning, and cloud computing, as well as potential market disruptions due to regulatory changes and global economic conditions. Focus on digital transformation and cybersecurity will likely drive further demand and evolution within the sector.
