Forecast: Production Value of ICT in Belgium

The ICT production value in Belgium stood at 38.19 billion Euros in 2023. The forecasted data indicates a steady growth in the production value from 2024 to 2028, with values increasing from 38.66 billion Euros in 2024 to 40.62 billion Euros in 2028. The year-on-year variations show moderate growth rates: 1.29% from 2024 to 2025, 1.25% from 2025 to 2026, 1.24% from 2026 to 2027, and 1.20% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over a five-year period is approximately 1.24%.

Future trends to watch for in the ICT sector in Belgium include:

  • Increased adoption and integration of artificial intelligence and machine learning technologies.
  • Growth in digital transformation initiatives among businesses and governmental institutions.
  • Expansion of 5G networks and related services.
  • Continued investment in cybersecurity solutions and services.
  • Potential impact of regulatory changes and data protection policies.

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