Belgium ICT Market Size and Share Analysis - Growth Trends & Forecast (2025 - 2030)

The Report Covers Belgium ICT Market Companies. The Market is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), Size of Enterprise (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Belgium ICT Market Size and Share Analysis - Growth Trends & Forecast (2025 - 2030)

Belgium ICT Market Size

Belgium ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 30.28 Billion
Market Size (2030) USD 51.67 Billion
CAGR (2025 - 2030) 11.28 %
Market Concentration Low

Major Players

Belgium ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Belgium ICT Market with other markets in Technology, Media and Telecom Industry

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Belgium ICT Market Analysis

The Belgium ICT Market size is estimated at USD 30.28 billion in 2025, and is expected to reach USD 51.67 billion by 2030, at a CAGR of 11.28% during the forecast period (2025-2030).

The Belgian ICT market is experiencing robust growth, driven by increasing digitalization and government initiatives to enhance technological infrastructure. The market's expansion is supported by the rising demand for advanced communication solutions and IT services.

  • Government initiatives and policies are playing a pivotal role in driving growth in the Belgian ICT market, emphasizing digital transformation and innovation. Notably, the Government's digital strategy for education seeks to create a comprehensive digital ecosystem, spanning hardware and software infrastructure. It also focuses on enhancing digital literacy among education stakeholders and fostering partnerships with academic and EdTech sectors.
  • Belgium is aiming to be a green, inclusive digital champion. A growing focus on sustainability is driving the adoption of energy-efficient technologies and practices within the ICT market. The introduction of "Right to Repair" in May 2024 is a crucial step. The introduction of universal charger regulations is also expected to save money and avert more than 11,000 tonnes of electronic waste each year.
  • The increasing shift toward cloud computing for enhanced business agility and cost efficiency is driving the demand for ICT solutions. Companies in Belgium are adopting cloud services for their application and storage purposes at a rapid pace.
  • Continuous advancements in technology, including AI, IoT, and 5G, are creating new opportunities and driving the market’s growth. For instance, the government of Belgium is spending close to EUR 11 million for various 5G projects.
  • However, complex regulatory requirements and compliance issues can hinder the swift adoption and deployment of new ICT technologies, potentially restraining the market’s growth. EU-level frameworks like the Digital Markets Act, the Digital Services Act, the AI Act, the Data Act, and NIS2, among others, are expected to have a significant impact on the Belgian regulatory environment. It is challenging to integrate them and divide the competencies amongst various public authorities, thus adding more complexity to the already complicated system.

Belgium ICT Industry Overview

The Belgian ICT market is fragmented in nature. Some major players in the market studied are Google, Microsoft, AWS, IBM, etc. Players in the market are adopting strategies such as partnerships, agreements, innovations, and acquisitions to enhance their service offerings and gain sustainable competitive advantage.

  • May 2024: Digi, a US-based Industrial Internet of Things company, declared its entry into the Belgian market. The company's strategy involves establishing a network to directly challenge Belgium's three incumbent mobile network operators (MNOs). Initially, Digi will function primarily as a Mobile Virtual Network Operator (MVNO), leasing capacity from Proximus. However, Digi's long-term vision is to construct its own network, complete with 4,500 antennas. By the end of 2025, Digi aims to blanket 30% of Belgium with its proprietary network.
  • May 2024: Brussels announced its plans to roll out 5G services by September 2024, following a relaxation of radiation regulations. An executive order, alongside parliamentary approval, has paved the way for the deployment of 5G antennas across the city. Major local operators, including Orange, Proximus, and Telenet, have affirmed their intentions to apply for permits from the regional environment authority. Once approved, they will swiftly transition from 4G to 5G by upgrading their existing antennas.

Belgium ICT Market Leaders

  1. Google LLC

  2. Microsoft Corporation

  3. AWS

  4. IBM

  5. Oracle Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Belgium ICT Market Concentration
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Belgium ICT Market News

  • April 2024: Airbus Public Safety and Security forged a strategic alliance with Proximus, Belgium's premier telecommunications and digital services provider. Together, they introduced Agnet MCx, a cutting-edge solution tailored for business-critical communications, in the Belgian market. This collaboration signifies a pivotal advancement in harnessing the unique capabilities of 5G technology to enhance secure communications, with a primary focus on industries like industrial, transport, and logistics.
  • April 2024: Proximus, a Belgian operator, revealed its agreement with NRB, a local IT services firm, to purchase an extra 20 MHz of 5G spectrum in the 3600 MHz band. NRB's decision to sell its 5G license underscores a strategic shift back to its primary operations, all the while ensuring its continued dedication to providing 5G services.

Belgium ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rapid Deployment of 5G Network across the Nation
    • 5.1.2 Global Leader in Technology Innovation
  • 5.2 Market Restraints
    • 5.2.1 Geo-political Tension

6. KEY TECHNOLOGY INVESTMENTS

  • 6.1 Cloud Technology
  • 6.2 Artificial Intelligence
  • 6.3 Cyber Security
  • 6.4 Digital Services

7. MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Hardware
    • 7.1.2 Software
    • 7.1.3 IT Services
    • 7.1.4 Telecommunication Services
  • 7.2 By Size of Enterprise
    • 7.2.1 Small and Medium Enterprises
    • 7.2.2 Large Enterprises
  • 7.3 By Industry Vertical
    • 7.3.1 BFSI
    • 7.3.2 IT and Telecom
    • 7.3.3 Government
    • 7.3.4 Retail and E-commerce
    • 7.3.5 Manufacturing
    • 7.3.6 Energy and Utilities
    • 7.3.7 Other Industry Verticals

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles*
    • 8.1.1 Google LLC
    • 8.1.2 Microsoft Corporation
    • 8.1.3 AWS
    • 8.1.4 IBM
    • 8.1.5 Oracle Corporation
    • 8.1.6 Cisco Systems Inc.
    • 8.1.7 SAP SE
    • 8.1.8 HP Inc.
    • 8.1.9 Dell Technologies Inc.
    • 8.1.10 Intel Corporation

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

**Subject to Availability
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Belgium ICT Industry Segmentation

Information and communications technology (ICT) is a broad term encompassing information technology (IT) with a focus on integrating telecommunications (both wired and wireless) with computing systems. This integration includes essential components like enterprise software, middleware, storage, and audiovisual tools. The goal is to facilitate users in accessing, storing, transmitting, and effectively utilizing information.

The report covers the Belgian ICT market companies. The market is segmented by type (hardware, software, IT services, and telecommunication services), size of enterprise (small and medium enterprises and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, energy and utilities, and other industry verticals). The report offers market sizes and forecasts in value (USD) for all the above segments.

By Type Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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Belgium ICT Market Research FAQs

How big is the Belgium ICT Market?

The Belgium ICT Market size is expected to reach USD 30.28 billion in 2025 and grow at a CAGR of 11.28% to reach USD 51.67 billion by 2030.

What is the current Belgium ICT Market size?

In 2025, the Belgium ICT Market size is expected to reach USD 30.28 billion.

Who are the key players in Belgium ICT Market?

Google LLC, Microsoft Corporation, AWS, IBM and Oracle Corporation are the major companies operating in the Belgium ICT Market.

What years does this Belgium ICT Market cover, and what was the market size in 2024?

In 2024, the Belgium ICT Market size was estimated at USD 26.86 billion. The report covers the Belgium ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Belgium ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Belgium ICT Industry Report

Statistics for the 2025 Belgium ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Belgium ICT analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.