The production value of ICT in the UK is projected to increase steadily from 2024 through 2028. In 2023, the actual value stood at 314.6 billion Euros. From 2024 to 2028, we can observe a consistent year-on-year percentage increase, with production values forecasted to rise from 319.73 billion Euros in 2024 to 339.79 billion Euros in 2028. This represents an approximate Compound Annual Growth Rate (CAGR) of 1.96% over the five-year period.

Future trends to watch for:

Adoption of emerging technologies such as AI, machine learning, and IoT which could potentially accelerate the growth rate.
Impact of government policies and investments in ICT infrastructure on production values.
Shifts in global trade dynamics and their effect on the UK's ICT sector.
Developments in cybersecurity and data protection regulations influencing market conditions.