The Value Added of Computer Programming, Consultancy in Belgium showed a consistent upward trend from 2013 to 2023, increasing from 5.76 billion euros to 10.2 billion euros. The sector experienced varying growth rates, with significant spikes in 2015 and 2019, showing year-on-year growth of 8.08% and 11.19% respectively. By 2023, the value stands at 10.2 billion euros, with a modest year-on-year growth of 3.07% and a 5-year CAGR of 4.27% from 2018 to 2023.
Projected data for the coming years (2024-2028) suggests continued growth, albeit at a slightly lower pace with a forecasted 5-year CAGR of 2.04%, reaching 11.63 billion euros by 2028, highlighting a forecasted 5-year growth rate of 10.63%.
Future trends to watch for:
- Adoption of emerging technologies such as AI, ML, and Blockchain which can drive market demand.
- Increased outsourcing and consultancy requirements in digital transformation projects.
- Potential economic fluctuations affecting investment in technology services.