As of 2023, the value added of ICT services in the UK stood at 9.6 billion pounds sterling. The provided forecast data marks a consistent growth trend from 2024 to 2028:
Forecasted growth rates year-on-year are as follows:
- 2024: Growth from 2023 is approximately 1.88%
- 2025: 1.94% increase from 2024
- 2026: 1.81% increase from 2025
- 2027: 1.67% increase from 2026
- 2028: 1.74% increase from 2027
The compound annual growth rate (CAGR) over the five-year forecast period is projected to be around 1.81%.
Future trends to watch for include technological advancements such as artificial intelligence, IoT, and 5G networks, which may drive further growth in the ICT sector. Additionally, government policies supportive of digital transformation and investments in digital infrastructure could significantly enhance the growth trajectory.
