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.
The United Kingdom ICT Market Data and Forecasts
What is the size of the British ICT Market in 2022?
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