Forecast: ICT Industry Employment in Belgium

The employment in Belgium's ICT industry displayed a fluctuating yet overall positive trend from 2013 to 2023. The employment value in 2023 stood at 3.03 units of total employment. Significant growth was observed from 2018 to 2019 with a 3.86% increase. Over the last two years (2022 to 2023), the industry experienced modest growth, with a yearly increase of less than 1%. From 2019 to 2023, a CAGR of 1.23% was recorded, indicating steady long-term growth.

Looking forward, the forecast for the next five years (2024 to 2028) indicates an expected CAGR of 0.26%, suggesting a slight slowdown in growth compared to previous years. The five-year forecasted employment growth rate stands at 1.32% by 2028, implying a continued but modest expansion.

Future trends to watch for include:

  • Technological advancements and digital transformation driving demand for ICT professionals.
  • Impact of remote and hybrid working models on ICT employment.
  • Role of emerging technologies like AI, IoT, and cybersecurity in shaping industry employment.

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