Key Market Indicators
The British software market is projected to generate €4.9 billion in revenue by 2028, a notable increase from the €4.3 billion expected in 2023. This growth represents an average annual increase of 1.9%. Since 2013, the British software market has seen a steady annual growth rate of 2.4%. In 2023, the United Kingdom ranked third in software revenue, trailing behind Sweden, which also recorded €4.3 billion. In the overall ranking, Sweden, the United Kingdom, and Cyprus secured the second, third, and fourth positions, respectively.
