The Computer Programming Activities sector in the UK has seen consistent growth over the last decade, from 18.08 Billion Pounds Sterling in 2013 to 39.12 Billion Pounds Sterling in 2023. The highest growth rates were notably between 2014 and 2018, with year-on-year increases peaking at 15.4% in 2018. From 2019 onwards, the growth started to moderate, with noticeable slowdowns in 2021 and 2022 at 0.87% and 1.59% respectively. In 2023, the sector stood at 39.12 Billion Pounds Sterling, reflecting a 3.43% increase from the previous year. The 5-year CAGR as of 2023 is 3.28%, indicating a more tempered growth rate as the market matures.
Forecasts suggest continued growth, reaching 45.24 Billion Pounds Sterling by 2028. The 5-year CAGR forecast to 2028 is 2.25%, indicating a steady yet slower increase in turnover. Future trends to watch for include the impact of emerging technologies such as AI and blockchain, which could drive new demand, and potential economic disruptions, which could influence the sector’s growth trajectory.
