The self-employed people in the IT services sector in the UK saw fluctuating trends from 2013 to 2023. Notable peaks were in 2017 and 2018, while significant drops occurred in 2019 and 2021. As of 2023, the self-employed workforce stood at 74.26 thousand persons, having recovered slightly from previous declines. The year-on-year variation for 2023 was a modest 1.35%, and the past five years saw a negative CAGR of -5.9%.
Future trends from 2024 to 2028 forecast a gradual growth with an average annual increase of 0.37%, indicating a stabilizing workforce in the sector. By 2028, the self-employed count is expected to reach 76.07 thousand persons, marking a cumulative growth of 1.85% over five years.
Trends to watch for in the future:
- Technological advancements driving new independent work opportunities.
- Evolving gig economy dynamics influencing self-employment rates.
- Impacts of policy changes and economic conditions on freelance work.
