Employment in the IT services sector in Belgium has shown a steady upward trend over the years. In 2023, the sector stood at 161.04 million hours. From 2013 to 2019, the sector experienced significant growth with the year-on-year variation peaking in 2017 at 8.65%. Despite a slight dip of -0.58% in 2020, the sector rebounded and maintained moderate growth through 2023. Over the past five years, the sector managed an average annual growth rate (CAGR) of 3.43%.
Looking forward, forecasts indicate that employment in the sector will continue to grow, albeit at a slightly slower pace with a forecasted five-year CAGR of 2.26%, culminating in an 11.81% growth by 2028 compared to 2023 levels.
Future trends to watch for:
- Impact of automation and AI on job dynamics within the sector.
- Increasing demand for cybersecurity and data protection services.
- Emergence of new technologies and their influence on skill requirements.
- Global economic trends and their impact on IT services outsourcing and employment.
