Forecast: Production of ICT and Information Services in Belgium

Between 2013 and 2023, the production of ICT and Information Services in Belgium has grown from 13.39 billion euros to 25.09 billion euros. The year-on-year variations reveal a general upward trend with some fluctuations. Notable increases include 12.14% in 2017 and 11.57% in 2019. A temporary dip of -3.87% occurred in 2020, likely due to the COVID-19 pandemic. The CAGR over the last five years (2018-2023) is 4.72%. Forecasts indicate that growth will continue but at a slower pace, with a projected 2.55% CAGR from 2024 to 2028.

Future trends to watch for include:

  • Increased digitalization and technological innovation, enhancing productivity in ICT services.
  • The potential impact of global economic conditions and regulatory changes on the ICT sector.
  • Growing demand for cybersecurity, cloud computing, and AI services, which could drive further growth in the sector.

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