The IT services sector in Belgium has shown a consistent upward trend in employee hours from 2013 to 2023. In 2023, the sector stood at 150.91 million hours. The year-on-year variation has fluctuated, peaking at a 9.93% increase in 2017, while the most recent year showed a 5.75% change. The five-year CAGR as of 2023 is a healthy 6.36%, indicating robust annual growth over half a decade. Looking ahead, the forecasted CAGR until 2028 is 3.76%, suggesting continued expansion albeit at a moderate pace.
Future trends to watch for include:
- Impact of emerging technologies like AI and machine learning on the workforce demand.
- Potential changes in remote work policies and their effects on service hours.
- Economic factors and their influence on IT investment and sector employment growth.