Key Market Indicators
Britain's ICT exports are expected to reach a staggering £338 billion by 2026, up from £309 billion in 2021. This marks an impressive 2.3% year-on-year growth rate since 1991, when exports stood at 5.9%. China topped the table in 2021 with £381 billion, followed by India, the United States and the United Kingdom in second, third and fourth place respectively. UK ICT revenue is forecast to hit £256 billion by 2026, from £243 billion in 2021, an increase of 1% year-on-year on average. Since 2010, UK market growth has been a steady 2%. In 2021, Germany was the top performer with £243 billion, followed by the United Kingdom, France and Ireland in second, third and fourth place respectively.