From 2013 to 2023, business expenditure on R&D in software publishing in the UK showed significant fluctuations. In 2013, it was at 0.22 units, peaking at 0.23 units in 2022 and remaining the same in 2023. Notably, the expenditure dipped to 0.15 units in 2016 but generally exhibited a gradual recovery trend afterward. Variations reflect fluctuating year-on-year percentages, such as a significant increase of 57.14% in 2013, a drop of 18.18% in 2014, and a stabilization with 0% changes in 2019 and 2020. The last five years' CAGR is 0.89%, indicating a slow, steady growth up to 2023.
Looking ahead, the forecasted expenditure from 2024 to 2028 shows a gradual increase from 0.24 to 0.25 units, showcasing a modest year-on-year growth trend. The forecasted five-year CAGR is 1.68%, suggesting that businesses anticipate slow yet steady investment growth in R&D over the next five years.
Future trends to watch for:
- Impact of emerging technologies such as AI and blockchain.
- Government policies and funding opportunities for R&D.
- Global economic conditions and their effect on investment capabilities.
- New software development methodologies and their adoption rates.
