The forecast for Business Enterprise Expenditure on R&D in Information and Communication Technology (ICT) services in the UK indicates a steady growth from 2024 to 2028, with incremental annual increases. In 2023, the actual level stood as a baseline for these forecasts. Year-on-year growth reflects a consistent but modest upward trajectory.
Percentage Variations Year-on-Year:
- 2024-2025: Approximately 0.62% increase
- 2025-2026: Approximately 0.62% increase
- 2026-2027: Approximately 0.61% increase
- 2027-2028: Approximately 0.55% increase
Compound Annual Growth Rate (CAGR) Over Five Years:
- CAGR Forecast: Approximately 0.6% annually
Future Trends to Watch:
Anticipate heightened investment in digital transformation initiatives and emerging technologies like AI and IoT, likely driving future variability in R&D spending within ICT services. Policy changes or economic shifts could also significantly impact these forecasts.
