Forecast: Turnover of Software Publishing in the UK

The turnover of software publishing in the UK demonstrates a general upward trend from 2013 to 2023, growing from 2.52 billion Euros in 2013 to 4.32 billion Euros in 2023. The year-on-year variations indicate significant growth spurts in 2014 (15.48%) and 2018 (16.21%), with notable dips in 2016 (-7.19%) and 2019 (-0.28%). The CAGR over the last five actual years (2018-2023) stands at 2.42%, highlighting a stable but moderate growth rate. Forecasts for 2024 and beyond predict continued growth, albeit at a slower pace, with a forecast 5-year CAGR of 1.94% and an expected overall growth rate of 10.09% by 2028.

Future trends to watch for include:

• Increased adoption of cloud-based solutions and software-as-a-service (SaaS) models.
• Potential impacts of Brexit and international trade policies on software publishing.
• Growing investments in Artificial Intelligence (AI) and machine learning within software products.
• Changes in data privacy regulations affecting software development and deployment.
• Potential economic uncertainty influencing market conditions and investment levels in the sector.