The UK wholesale turnover in the computers, peripheral equipment, and software sector is forecasted to grow steadily from 2024 through 2028. From an estimated £42.53 billion in 2024, the value is projected to increase annually, reaching £46.42 billion by 2028. This indicates a consistent growth trend, with year-on-year growth around 2.35% on average. The compound annual growth rate (CAGR) over the next five years stands at approximately 2.22%.
Future trends to watch for include:
- Technological advancements, particularly in artificial intelligence and cloud computing, which could drive demand.
- Potential impacts of economic shifts or regulations post-Brexit on the wholesale sector.
- Increasing demand for sustainable and energy-efficient IT solutions.
- Continued impact of remote working trends and digital transformation in various industries.
