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.