The ICT industry employment in the UK has shown a fluctuating trend over the past decade, with a notable dip in 2018. In 2023, the industry stood at 3.55 units of total employment. Since 2019, the growth has demonstrated more stability, with modest year-on-year increments between 0.28% and 0.33%. The CAGR over the past five years leading up to 2023 was 0.69%, indicating steady, albeit slow, growth. Future forecasts predict a similar trend, anticipating an average annual growth rate of 0.22% over the next five years, culminating in a total growth rate of 1.12% by 2028.

Future trends to watch for:

Emerging technologies such as AI and machine learning which could significantly impact employment dynamics.
Shifts in international trade policies and their effects on the ICT sector.
Remote working trends and their influence on ICT job locations and roles.