The wages and salaries in software publishing in Belgium have demonstrated significant fluctuations over the period from 2013 to 2023. In 2013, the market experienced modest growth, followed by a downturn until 2015. The most substantial growth occurred in 2016, with a sharp increase continuing into 2017. However, from 2018 onward, the growth became more stable. By 2023, the market stood at 88.6 million euros, reflecting a consistent year-on-year growth.
Recent trends have shown:
- From 2022 to 2023, a 5.23% increase.
- The last two years recorded moderate growth due to stabilization in the market.
- Over the last five years, the CAGR was 9.49%, indicating steady annual growth.
Forecasts from 2024 to 2028 suggest:
- A forecasted CAGR of 3.47%.
- Expected growth rate of 18.6% over the next five years.
Future trends to watch for include advancements in technology that could drive wage increases further, potential regulatory changes, and evolving market demands for software publishing in Belgium.
