In 2023, the business enterprise R&D expenditure in computer programming, consultancy, and related activities in the UK was at 3.33 billion USD PPP (2015). With forecasted data seeing continuous growth, the annual expenditure is expected to reach 3.68 billion USD by 2028. From 2024 to 2028, the year-on-year percentage growth is steady at approximately 2.06%. The five-year CAGR is around 2.06%, representing a consistent positive trend in research investments in the sector.
Future trends to watch for include the impact of emerging technologies such as AI and machine learning, which may drive further growth, and potential policy changes affecting R&D funding and innovation incentives in the UK.
