Forecast: Telecom Gross Value Added in the UK

The Telecom Gross Value Added (GVA) in the UK has shown a varied trend over the past decade. Starting from £28.19 billion in 2013, it grew at a steady pace, reaching £34.74 billion in 2023. Notable year-on-year variations include a significant increase in 2016 by 8.16%, a slight decline in 2020 by 0.047%, followed by another decline in 2021 by 1.65%. More recent years have shown modest recovery and growth with 1.94% in 2022 and 1.69% in 2023. The 5-year CAGR leading up to 2023 is 0.7%, indicating steady but cautious growth.

Future forecasts predict the Telecom GVA to continue with moderate growth, reaching £37.54 billion by 2028. This reflects a forecasted 5-year CAGR of 1.23% with an overall 5-year growth rate of 6.31%.

Future trends to watch for include:

• Technological advancements and their impact on telecom services and infrastructure.
• The rollout and adoption rates of 5G and future 6G technologies.
• Regulatory changes and investments in the sector.
• Shifts in consumer and business demand for telecom services amidst digital transformation.