The production of computer programming and consultancy in the UK has shown significant growth over the past decade. Starting at £59.07 billion in 2013, it increased to £101.33 billion by 2023, marking a strong upward trend with occasional fluctuations. Notably, there was a marked decline in 2020 by 15.02%, likely due to the global COVID-19 pandemic, followed by a robust recovery in 2021 with a growth of 27.04%. The average annual growth rate (CAGR) over the last five years stood at 3.47%. For future trends, the projected data indicates steady growth with a forecasted CAGR of 2.25% from 2024 to 2028.
Future trends to watch:
- Advancements in AI and automation driving demand for programming expertise.
- Increased emphasis on cybersecurity consultancy due to rising cyber threats.
- Growing importance of digital transformation initiatives across industries.
- Expansion of remote work technology and cloud services requiring enhanced IT consultancy.
