Technology in Belgium - statistics & facts

The technology industry in Belgium is currently experiencing a period of growth and innovation and is expected to drive the country’s economy in the future. This can be attributed to a range of factors such as a favorable business climate, government support, and a highly skilled workforce. As a result, more and more businesses are taking advantage of the opportunities presented by the digital age. The industry is poised for continued growth in the coming years, with revenue in the IT services market projected to exceed 10 billion euros in 2027.

A hub for tech companies

The rise of startups constitutes one of the major drivers of growth in the technology industry in Belgium. Located in the heart of Europe, the country has become a hub for tech startups, thanks to the availability of funding, policy incentives from the government, and a strong entrepreneurial culture. Out of the 33 startups with unicorn status in the Benelux region in 2022 – companies valued at over one billion euros – seven were based in Belgium. Moreover, as a result of its cultural and linguistic diversity, Belgium’s tech ecosystem is not just concentrated in the Brussels-capital region but spread out across different cities. More generally, the use of digital technologies by Belgian companies, such as cloud computing or big data, remains one of the country’s strengths in comparison with the European Union average.

Digital skills in high demand

While the availability of workers with digital skills represents one of Belgium’s core advantages, the country is facing a shortage of skills in particular areas such as artificial intelligence, robotics, and cybersecurity. This is a common issue across the technology sector, although the government and private sector are working together to address this issue by investing in education and training programs. Such investments, coupled with Belgium’s network of technology startups and research institutions, are bearing their fruit, positioning the country as a hotspot for innovation, notably in the fields of pharma and biotechnology.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, May 17, 2023

Key insights

IT services market size in Belgium 2023
8.5bn USD
Cloud integration among Belgian companies 2022
47%
Most scarce digital skills in Belgium 2022
AI/robotics
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Editor’s Picks Current statistics on this topic

Revenue of the IT services market in Belgium from 2018 to 2027 (in million U.S. dollars)

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Revenue of the IT services industry in Belgium 2018-2027

Integration of digital technology among companies in Belgium in 2022

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Digital technology integration among companies in Belgium 2022

Fastest growing tech companies in Belgium in 2022, by growth rate

IT Services

Fastest growing technology companies in Belgium 2022

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