The number of employees in the software publishing sector in Belgium has experienced significant fluctuations from 2013 to 2023. The period from 2013 to 2016 saw substantial growth, peaking with a major increase of 337.82% in 2016. However, this was followed by more stabilized growth patterns, with some minor setbacks such as a 22.45% decrease in 2018. The figures for 2022 stood at 1,020 employees and reached 1,030 employees in 2023, showing a moderate growth rate with year-on-year increases of 0.99% and 0.88% respectively. The average CAGR over the last five years leading up to 2023 was 3.73%.
Looking forward, the forecast indicates a steady but slow increase in the number of employees, reaching 1,070 by 2028. The future trend points to a lower average growth rate, with a forecasted 5-year CAGR of 0.49%, and an overall growth rate of 2.5% over this period.
Future trends to watch for in the sector include the impact of advancements in artificial intelligence, the adoption of new software development frameworks, and the potential effects of increased automation and remote work possibilities on employment numbers. These factors could significantly influence the dynamics of the workforce in the software publishing industry in Belgium.