The software publishing sector in Belgium has shown significant fluctuations in employment over the last decade, starting from 387 employees in 2013 and reaching 1740 in 2023. Early years displayed volatility with notable drops in employment in 2013 and 2014, followed by a strong rebound and sustained growth from 2015 onwards. The sector showcased resilience, with a Compound Annual Growth Rate (CAGR) increasing from -10.07% in 2013 to a stable 6.38% by 2023. Between 2022 and 2023, employment rose modestly by 4.26%, indicating a trend towards stability.
Forecasted data suggests a continued upward trajectory with a CAGR of 2.88% by 2028, projecting a total employment of 2080. This indicates an overall growth rate of 15.23% over the next five years.
Future trends to watch for include:
- Digital transformation and its impact on employment demand.
- Shifts in software development methodologies and their workforce implications.
- The influence of regulatory changes on sector growth.
- Potential impact of emerging technologies such as AI, machine learning, and cloud computing.
