The value added of computer programming and consultancy in the UK exhibited a consistent upward trend from 2013 to 2023, rising significantly from 34.47 billion pounds in 2013 to 55.82 billion pounds in 2023. During this period, year-on-year growth varied, peaking notably in 2016 with a 10.38% increase and in 2020 with 7.03% growth. The compound annual growth rate (CAGR) over the last five years (2019-2023) was 3.35%, indicating steady industry expansion.
Looking forward, the value is forecasted to continue growing, reaching an estimated 62.93 billion pounds by 2028. However, the predicted CAGR of 1.85% over the next five years suggests a slower growth rate compared to the past period. Key future trends to watch include increased digital transformation initiatives, the adoption of emerging technologies like AI and machine learning, and the potential economic impacts of geopolitical events and policy changes.
