In 2024, agriculture contributed around 0.56 percent to the United Kingdom’s GDP, 16.74 percent came from the manufacturing industry, and 72.79 percent from the services sector. The UK is not a farmer’s marketThe vast majority of the UK’s GDP is generated by the services sector, and tourism in particular keeps the economy going. In 2017, almost 214 billion British Pounds were contributed to the GDP through travel and tourism – about 277 billion U.S. dollars – and the forecasts see an upwards trend. For comparison, only an estimated 10.3 billion GBP were generated by the agriculture sector in the same year. But is it a tourist’s destination still? Though forecasts are not in yet, it is unclear whether travel and tourism can keep the UK’s economy afloat in the future, especially after Brexit and all its consequences. Higher travel costs, having to wait for visas, and overall more complicated travel arrangements are just some of the concerns tourists have when considering vacationing in the UK after Brexit. Consequences of the referendum are already observable in the domestic travel industry: In 2017, about 37 percent of British travelers said Brexit caused them to cut their holidays short by a few days, and about 14 percent said they did not leave the UK for their holidays because of it.

GDP from Services in the United Kingdom increased to 466179 GBP Million in the first quarter of 2025 from 463051 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom IT Services Market Report is Segmented by Type (IT Outsourcing, IT Consulting & Implementation, and Business Process) and End User (IT and Telecommunication, Government, BFSI, Energy & Utilities, Consumer Goods & Retail, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In January 2025, the UK's gross value added (GVA) increased by *** percent when compared with the same period in 2023. During this time period, the fastest growth was in the transportation and storage sector, which grew by *** percent. By contrast, GVA in the sector of 'other service activities' shrank by *** percent.

First estimates of the UK environmental goods and services sector (EGSS) for 2022 and revised estimates for 2010 to 2021. Included are estimates of output, gross value added, employment and exports.

The revenue in the IT services market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total **** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the IT services market was continuously increasing over the past years.Find more information concerning Germany and Belgium. The Statista Market Insights cover a broad range of additional markets.

The statistic shows the growth rate in the real GDP in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the rate of GDP growth in the United Kingdom was at around 1.1 percent compared to the previous year.The economy of the United KingdomGDP is used an indicator as to the shape of a national economy. It is one of the most regularly called upon measurements regarding the economic fitness of a country. GDP is the total market value of all final goods and services that have been produced in a country within a given period of time, usually a year. Inflation adjusted real GDP figures serve as an even more telling indication of a country’s economic state in that they act as a more reliable and clear tool as to a nation’s economic health. The gross domestic product (GDP) growth rate in the United Kingdom has started to level in recent years after taking a huge body blow in the financial collapse of 2008. The UK managed to rise from the state of dark desperation it was in between 2009 and 2010, from -3.97 to 1.8 percent. The country suffered acutely from the collapse of the banking industry, raising a number of questions within the UK with regards to the country’s heavy reliance on revenues coming from London's financial sector, arguably the most important in the world and one of the globe’s financial command centers. Since the collapse of the post-war consensus and the rise of Thatcherism, the United Kingdom has been swept along in a wave of individualism - collective ideals have been abandoned and the mass privatisation of the heavy industries was unveiled - opening them up to market competition and shifting the economic focus to that of service.The Big Bang policy, one of the cornerstones of the Thatcher government programs of reform, involved mass and sudden deregulation of financial markets. This led to huge changes in the way the financial markets in London work, and saw the many old firms being absorbed by big banks. This, one could argue, strengthened the UK financial sector greatly and while frivolous and dangerous practices brought the sector into great disrepute, the city of London alone brings in around one fifth of the countries national income making it a very prominent contributor to wealth in the UK.

Detailed breakdown of annual trade in UK services estimates, analysed by country, product and industry.

The report covers Banking as a Service Companies in UK and the market is segmented by Component (Platform and Service (Professional Service and Managed Service)), by Type (API based BaaS and Cloud-based BaaS), by Enterprise Size (Large enterprise and Small & Medium enterprise), and by End-user (Banks, NBFC/Fintech Corporations and Others).

In May 2024, output in UK construction grew by 1.9 percent, with services growing by 0.3 percent, while production output and agriculture output both grew by 0.2 percent.

The UK Cloud Computing Market Report is Segmented by Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), End-User Industry (Manufacturing, Education, Retail, BFSI and More), Service Model (Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service, Business-Process-As-A-Service). The Market Forecasts are Provided in Terms of Value (USD).

The United Kingdom Digital Transformation Market is experiencing robust growth, projected to reach a substantial size, driven by increasing adoption of advanced technologies across diverse sectors. The market's Compound Annual Growth Rate (CAGR) of 14.72% from 2019 to 2024 indicates significant momentum. This growth is fueled by several key factors. Firstly, the increasing need for enhanced operational efficiency and cost reduction across industries like manufacturing, BFSI, and retail is pushing businesses towards digital solutions. Secondly, the rising adoption of cloud computing, IoT, and AI offers significant opportunities for improved productivity, data-driven decision-making, and customer experience enhancement. Furthermore, government initiatives promoting digitalization and substantial investments in digital infrastructure within the UK are further accelerating market expansion. Specific segments like Extended Reality (XR) and Industrial Robotics show particularly strong growth potential, driven by their applications in enhancing workplace safety, optimizing production processes, and providing innovative customer engagement solutions. While challenges remain, such as data security concerns and the need for skilled workforce development, the overall market outlook for the UK Digital Transformation Market remains exceptionally positive over the forecast period (2025-2033). The key players in the UK market, including Google, IBM, Microsoft, and Siemens, are strategically investing in research and development, expanding their service offerings, and forging strategic partnerships to capitalize on this growth. The manufacturing, oil & gas, and healthcare sectors represent significant end-user industries driving demand. While data limitations prevent precise regional breakdowns within the UK, we can project considerable growth across regions based on the overall national CAGR and the consistent adoption of digital technologies across the country. Analyzing specific use cases within each segment reveals a consistent trend of technology adoption aimed at improving efficiency, enhancing customer relationships, and strengthening cybersecurity measures. The market's trajectory indicates substantial potential for further expansion, with continuous innovation in underlying technologies promising to fuel ongoing growth through 2033. This insightful report provides a detailed analysis of the United Kingdom digital transformation market, offering a comprehensive overview of its growth trajectory, key players, and emerging trends. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report leverages extensive market research to provide valuable insights for businesses seeking to navigate this dynamic landscape. This report is crucial for understanding the UK's digital evolution and the opportunities it presents. Recent developments include: In June 2024, Salesforce announced that starting July 31, 2024, its Data Cloud would be accessible on Hyperforce, a platform architecture rooted in the public cloud, specifically in the United Kingdom (UK). This move aims to empower organizations in the United Kingdom to leverage the Data Cloud's capabilities. By keeping data stored within the country, it can adhere to local regulations and compliance standards. This setup enhances performance, enabling them to manage heightened workloads efficiently on the public cloud., In March 2024, ISA Cybersecurity, a Canadian firm specializing in cybersecurity and incident response, inaugurated its inaugural UK office. This strategic move was prompted by the rising cybercrime rates. ISA Cybersecurity, renowned for its Detection, Response, and Recovery Services, along with its Managed Security Services (MSS), chose London as the site for its expansion. The primary goal of this new branch is to cater to its expanding transatlantic client base and introduce its renowned services to the UK market.. Key drivers for this market are: Increase in the adoption of big data analytics and other technologies in the region, The rapid proliferation of mobile devices and apps. Potential restraints include: Increase in the adoption of big data analytics and other technologies in the region, The rapid proliferation of mobile devices and apps. Notable trends are: Analytics, Artificial Intelligence and Machine Learning is Anticipated to Witness Growth in Demand.

The UK Satellite Imagery Services Market report segments the industry into Application (Geospatial Data Acquisition and Mapping, Natural Resource Management, Surveillance and Security, Conservation and Research, Disaster Management, Intelligence) and End-User (Government, Construction, Transportation and Logistics, Military and Defense, Forestry and Agriculture, Others).

The United Kingdom IT services market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 10.36% from 2025 to 2033. While the precise market size for 2025 isn't provided, considering a typical market size for developed nations and applying the given CAGR to a reasonable starting point (e.g., £50 billion in 2019), a conservative estimate for the 2025 market size would place it in the range of £80-90 billion. This significant expansion is driven by several key factors. The increasing adoption of cloud computing, big data analytics, and artificial intelligence across various sectors, including finance, healthcare, and retail, is fueling demand for sophisticated IT solutions. Furthermore, the UK's commitment to digital transformation initiatives within both the public and private sectors further contributes to market growth. The rise of cybersecurity threats also necessitates substantial investment in IT security services, bolstering the market's expansion. Leading players like TCS, Accenture, IBM, and Infosys are strategically positioning themselves to capitalize on these opportunities, engaging in mergers, acquisitions, and the development of innovative solutions. However, challenges remain. Talent scarcity within the IT sector, particularly for specialized skills like cybersecurity and AI development, presents a significant restraint. Furthermore, Brexit-related uncertainties and potential economic fluctuations could impact investment decisions and overall market growth. Despite these headwinds, the long-term outlook for the UK IT services market remains positive, with sustained growth expected through 2033. The market segmentation (while not explicitly detailed) likely includes areas such as cloud services, cybersecurity, data analytics, application development and maintenance, and IT consulting, each experiencing varied growth rates based on their own specific drivers and trends. This dynamic market offers immense opportunities for established players and emerging technology providers alike. Key drivers for this market are: Digital Transformation in UK, The growth in nearshoring IT outsourcing in the UK. Potential restraints include: Data security and Breaching risks. Notable trends are: The growth in nearshoring IT outsourcing and the SaaS (software as a service) sector in the UK market is driving the IT service market..

In 2024, the service offered by consulting firms in the United Kingdom that was expected to grow the most was artificial intelligence (AI) technology. The service with the lowest prospects for growth was merger or acquisitions, with less than ** percent of management consultants in the United Kingdom who offered this as their answer.

The managed workplace services (MWS) market in the United Kingdom is growing substantially, rising from USD 4,672.8 million in 2025 to USD 12,765.0 million by 2035 by impressive expansion with growth rate of 10.6% during the forecast period.

Category-Wise Insights

United Kingdom Home Services Market size was valued at USD 9.57 Billion in 2024 and is projected to reach USD 17.69 Billion by 2031, growing at a CAGR of 8.80% during the forecasted period 2024 to 2031.

The United Kingdom Home Services Market is driven by a growing demand for convenience and specialized services, as busy lifestyles and aging populations prompt more homeowners to seek professional assistance for tasks such as cleaning, plumbing, electrical work, and landscaping. The increased adoption of online platforms and mobile applications has made it easier for consumers to connect with trusted service providers, fueling market growth. Rising disposable incomes and greater awareness of home improvement and maintenance benefits contribute to demand, while a focus on energy efficiency and sustainable home solutions adds further momentum. Additionally, the COVID-19 pandemic shifted preferences toward contactless and safe home service options, accelerating the use of digital platforms in the sector.

The size of the United Kingdom IT Services market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.36% during the forecast period.IT services are broad technical services provided by IT professionals to help organizations manage and optimize their technology infrastructure. These services include software development, network administration, cybersecurity, cloud computing, and data management. Every business requires IT services at different levels because they ensure that the business runs effectively, productively, and supports digital transformation.UK stands out as one of the biggest and most developed in terms of IT services in the entire world. The country owns a long tradition of innovating and developing technology that is a good environment through which IT companies, institutes, and skilled professionals could work. The UK Government has been very active for promoting digital transformation and its developing of the IT sector, especially through many initiatives and policies.The UK IT services market has evolved under several influences: increasing digitalization, demand for cloud-based solutions, and requirements for robust measures of cybersecurity.Demand will remain firm because businesses in the UK will continue adopting advanced technologies and embracing digital innovation. Recent developments include: June 2022: Mast Technologies, a London-based fintech, raised Pound 1.2 million for its digital platform, which will help lenders and borrowers in the mortgage space. Borrowers traditionally had to wait up to 60 days for the results of their mortgage applications. Mast claims to solve the problems of the traditional mortgage system by streamlining the process by which lenders can review applications., June 2022: Accenture, an MNC based out of the UK, acquired ARZ in Austria, which will help the global IT consulting firm grow its banking platform-as-a-service capabilities across Europe. ARZ operates a technology competence center for innovation and technology services in the banking sector in Austria, with offices in Vienna and Innsbruck.. Key drivers for this market are: Digital Transformation in UK, The growth in nearshoring IT outsourcing in the UK. Potential restraints include: Data security and Breaching risks. Notable trends are: The growth in nearshoring IT outsourcing and the SaaS (software as a service) sector in the UK market is driving the IT service market..

The Monthly Inquiry into the Distribution and Services Sector (MIDSS) is designed to meet the Government need for the production of a monthly Index of Services (IoS) and the Index of Distribution (IoD) which is a component of the IoS. Turnover data are collected monthly and, additionally, employment data are collected quarterly. It is used to estimate the change in turnover (and employment) in the service and distribution industries (excluding retail).

MIDSS provides 40% of the current turnover data used in the compilation of the IoS and 45% of the data used to estimate the number of employees in the distribution and service industries. Both of these measures are key short-term economic indicators. The MIDSS also provides 30% per cent of the output measure of Gross Domestic Product (GDP) and feeds into the income measure of GDP along with other labour market data. There is no other official source of short-term economic data for distribution and service sectors with the comprehensive coverage of the MIDSS.

MIDSS covers the following sectors: motor trades, wholesale, hotels and restaurants, transport and postal services (excluding national post activities), renting, computer and related services, research and development, business services (e.g. labour recruitment and accounting), sewage and refuse disposal, recreation, and other services.

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These data contain Inter-Departmental Business Register reference numbers. These are anonymous but unique reference numbers assigned to business organisations. Their inclusion allows researchers to combine different business survey sources together. Researchers may consider applying for other business data to assist their research.