The ICT turnover in the UK is forecasted to see a steady increase, with values projected to grow from 313.51 billion euros in 2024 to 327.58 billion euros by 2028. Previously, the turnover stood at 310 billion euros in 2023, indicating a consistent upward trend.
Year-on-year, the turnover shows the following variations: - 2024 to 2025: +1.16% - 2025 to 2026: +1.12% - 2026 to 2027: +1.08% - 2027 to 2028: +1.05%
Over the last five years, the compound annual growth rate (CAGR) averages out to approximately 1.10%.
Future trends to watch for include advancements in AI and machine learning, 5G network expansion, and the increasing importance of cybersecurity, which may drive further growth and innovation in the ICT sector.
