The UK sector for the retail sale of computers, peripheral units, software, and telecommunications equipment in specialized stores is anticipated to experience a modest decline from 2024 onward. The forecast shows a steady decrease from £1.63 billion in 2024 to £1.54 billion by 2028. As of 2023, this sector generated a value of approximately £1.66 billion. The year-on-year percentage change reflects a consistent contraction, with the average annual decline (CAGR) over the five-year period leading up to 2028 projected at around -1.11%.
In the future, several trends warrant attention:
- Rising digital transformations and shifting consumer preferences towards online purchasing.
- Technological advancements and the adoption of new software solutions.
- Potential market destabilization from global supply chain constraints.
- The growing preference for sustainable and eco-friendly products could reshape market demands.