The forecast shows a consistent value of 2 from 2024 to 2027, with an increase to 3 in 2028. This represents a static trend with a 0% year-on-year growth from 2024 to 2027, and a 50% increase in 2028. The forecast CAGR over 2024 to 2028 is approximately 8.45%, reflecting a moderate upward trend by the last year. In 2023, the value stood at a base level of 2, witnessing no growth initially.

Future trends to watch for include:

Potential for increased investment in research and higher education sectors may influence further growth beyond 2028.
Changing industry demands for doctoral-level expertise could affect future values.
Government policies on education and employment can also shape these projections.