The forecasted business expenditure on R&D in the UK IT hardware wholesale sector shows a consistent decline from 2024 to 2028. Starting at 0.19 in 2024, the expected expenditure decreases steadily each year, reaching 0.04 by 2028. This trend represents a significant reduction in R&D spending, suggesting a shift in priority or available resources for innovation within the industry.
Year-on-year, the expenditure decreases at a notable rate, resulting in an average compound annual growth rate (CAGR) indicating continued contraction over this five-year period.
Future trends to watch for include potential technological advancements impacting hardware demand, shifts in global supply chains affecting UK investments, and economic policies influencing R&D incentives. Adjustments in these areas may alter future R&D investment trajectories in the sector.
