From 2013 to 2023, Belgium's R&D budget for security saw significant fluctuations. Noteworthy changes include a dramatic increase in 2020 (437.49%) and steady growth through 2023. Last two years' average annual growth: 1.08% (2023) and 29.49% (2022). The five-year CAGR stands at 64.53% as of 2023.
Looking ahead, the forecast for the next five years (2023-2028) shows modest growth with a forecasted CAGR of 0.88% and a cumulative growth rate of 4.48%. This suggests a period of stabilization, but potential budgetary adjustments may lead to further variability.
Future trends to watch for in the R&D Budget for Security in Belgium include technological advancements, evolving cybersecurity threats, and increased EU directives and funding efforts, all of which could impact budget allocations significantly.