In 2023, the total internal R&D personnel in software publishing in the UK was a key indicator. From 2024 to 2028, forecasted data reveals a gradual decline from 279.61 to 275.62 full-time equivalents. The year-on-year trend shows a small yet consistent decline, with an average annual decrease, demonstrating a negative compound annual growth rate. This indicates a possible contraction in the industry's R&D workforce.
Future trends to watch:
- Impact of technological advancements on personnel needs
- Shift towards automation and AI in software development
- Potential effects of Brexit on talent acquisition
- Changes in global demand for software innovation and how that may counteract shrinking workforce trends