In 2023, the business enterprise R&D expenditure in software publishing in the UK stood at approximately 83.72 million USD PPP. The forecast for 2024 to 2028 shows a consistent upward trend, with annual growth in expenditure ranging from approximately 2.42% to 2.14%. The compound annual growth rate (CAGR) over this five-year period is anticipated to be around 2.24%.
Future trends to watch for include:
- The impact of emerging technologies such as AI and blockchain on R&D investment.
- Changes in government policies and incentives affecting R&D spending.
- The role of international competition and collaborative innovation efforts.
