Based on the forecasted data available for the UK software publishing sector, the number of enterprises is expected to grow steadily. In 2023, the sector comprised 2.95 thousand enterprises. From 2024, a gradual increase is anticipated, with a 4% growth observed between 2024 and 2025, followed by successive annual growth rates of 1.32% to 1.63% leading up to 2028. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is projected to be approximately 1.43%.
Future trends to watch for include:
- The impact of emerging technologies such as AI and machine learning on demand for software solutions.
- Potential shifts in enterprise development strategies due to regulatory changes post-Brexit.
- Continued digital transformation across different sectors driving further growth in software publishing.