In 2023, actual business expenditure on R&D in the UK’s computer programming and consultancy sector was lower than the forecasted 9.33 value for 2024. The forecast predicts steady growth from 2024 to 2028, with year-on-year increases in value: 9.33 in 2024, 9.43 in 2025, 9.52 in 2026, 9.62 in 2027, and 9.71 in 2028. This trend suggests a consistent upward trajectory in R&D investment, reflecting confidence in technological advancements.
Future trends to watch for include:
- Emerging technologies driving increased R&D spending.
- Shifts in economic policies impacting funding availability.
- Increasing demand for AI and data analytics, influencing R&D priorities.
