From 2013 to 2023, Belgium's IT services output experienced consistent growth, reaching 28.35 billion Euros in 2023. Over the past decade, year-on-year growth fluctuated between 5.27% and 11.97%, with the Compound Annual Growth Rate (CAGR) peaking at 9.86% in 2021. Notably, recent years indicated a stabilized growth, averaging around 6%, with a 5.27% increase in 2023. Forecasts predict continued expansion, with a projected 15.78% growth over the next five years and a 2.97% CAGR by 2028.

Future trends to watch for include:

Increased digital transformation initiatives across industries.
Growing demand for cloud services and cybersecurity solutions.
Technological advancements driving higher productivity and efficiency in the IT sector.
Potential market saturation and need for innovation to maintain growth.