As of 2023, the total internal R&D personnel in the services sector in the UK stood at a defined baseline. Over the forecast period from 2024 to 2028, the industry is expected to see a steady increase in personnel, climbing from 169.08 thousand FTEs in 2024 to 185.18 thousand FTEs in 2028, indicating a healthy year-on-year growth. The compound annual growth rate (CAGR) over these five years suggests a stable and progressive expansion.
Future trends to watch for include:
- Impact of technological advancements on workforce skill requirements.
- Potential influence of government policies on R&D investment in services.
- Global economic conditions and their effects on service sector innovation.
