Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Industries with the Highest Growth in Employment in the UK in 2024
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View a list of the Top 25 industries with the highest growth in employmentEmployment Growth for 2024: 34.1%
Per-capita alcohol consumption, income, price, health consciousness and consumer preferences drive non-alcoholic beer producers' performance. Over the five years through 2022-23, revenue is set to grow at a compound annual rate of 30% to £807.6 million, including growth of 34.2% in 2022-23, with the average industry profit margin hitting 19.7%.
Shrinking alcohol consumption per capita alongside growing health consciousness is paving the way for industry growth. Popular craft beer producers are rapidly introducing no-alcohol and sustainable beer varieties, driving growth in the non-alcoholic beer industry. During the COVID-19 pandemic, many consumers stuck at home cut out booze, dabbing into non-alcoholic beer... Learn More
Employment Growth for 2024: 23.1%
The language learning software industry has boomed, with revenue estimated to hike at a compound annual rate of 17% over the five years through 2023-24. Its successful performance is partially due to the infancy of the industry, with the majority of language learning platforms being less than 10 years old. Language learning apps surged in popularity among consumers, providing a cheaper alternative to traditional face-to-face courses while offering greater flexibility to users with regard to the time they are willing or able to dedicate to language learning. The number of start-up developers has increased markedly, with many companies having attracted... Learn More
Employment Growth for 2024: 18.6%
The Online Men's Clothing Retail industry is highly influenced by changes in consumer confidence and real disposable income - unexpected economic landscape changes typically negatively affect demand. The consumer opts out of spending in this industry to give themselves a financial buffer. When COVID-19 hit, demand would have ordinarily dropped, if not for the industry's defining 'online only' nature, which positioned it to exploit the complete shutdown of the brick-and-mortar retail industry.
The online men's clothing retail industry was well positioned to exploit the lockdown because of the high penetration of internet-enabled devices. According to the ONS that 92% of the... Learn More
Employment Growth for 2024: 16.3%
The number of activities conducted on the web, including online commerce and online banking, has surged, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information is kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence has shifted industry interest from rule-based systems to systems powered by machine learning software.
The industry has boomed over the past decade, with revenue estimated to surge at a compound annual rate of 17.5% over the five years through 2023-24 to reach... Learn More
Employment Growth for 2024: 13.9%
Over the five years through 2023-24, Online Recruitment Site industry revenue is anticipated to increase at a compound annual rate of 7.3%. Online recruitment sites have become increasingly popular and a mainstream way to find a job. While site operators can't charge candidates, having more registered CVs and website visitors allows online recruitment companies to command a higher fee from businesses for their services. Sites have prioritised expanding ancillary services to attract more clients and ensure successful placements. Regarding employment trends, government, healthcare, education, IT and technology, and the hospitality and tourism markets have been the driving force for demand... Learn More
Employment Growth for 2024: 11.8%
The Venture Capital industry has seen healthy growth over the past decade, as investors increasingly turn to private markets, seeing the benefits of greater returns and portfolio diversification that a venture capitalist can offer. From being a niche area of finance consisting of old-school investors and investment bankers, venture capital has evolved to allow investors to capitalise on new technologies and innovations that could disrupt and shape the future. This phenomenon has become all too common in recent years, with the rapid pace of technological change giving rise to exciting advancements like generative AI.
Venture capital revenue is projected to grow... Learn More
Employment Growth for 2024: 11.2%
The number of acres planted with UK grapevines has more than doubled over the past 10 years, according to trade association Wine GB, supporting industry performance. Strengthening domestic and international interest in British wine backed by major international awards for UK-produced wines is driving industry growth.
Trading restrictions on the hospitality sector amid the COVID-19 outbreak took a toll on on-trade demand during the height of the pandemic, removing a big chuck of revenue for UK wine producers. Nevertheless, industry revenue is growing at a projected compound annual rate of 8.4% over the five years through 2023-24 to approximately £415.2 million,... Learn More
Employment Growth for 2024: 11.1%
Building society revenue is anticipated to increase at a compound annual rate of 9% over the five years through 2023-24 to £26 billion. Low interest rates prior to the COVID-19 outbreak aided demand, as residential mortgage repayments became more affordable and the number of mortgage approvals picked up. Building societies have also benefited from an influx of re-mortgaging activity, as homeowners have sought to lock in lower rates before expected interest rate rises. However, societies faced challenging operating conditions, including intense competition from other financial institutions like retail banks, and a tightening regulatory environment.
The COVID-19 outbreak hurt revenue in 2020-21... Learn More
Employment Growth for 2024: 10.8%
Other than implementing strategies for managing a company's interactions with customers, clients and sales prospects, CRM System Providers' services have expanded to include the automation of many back-office roles, sales procedures and marketing personalisation. Growing technology adoption and the desire by businesses to make operations more efficient and productive have boosted demand for CRM systems. Revenue is expected to rally at a compound annual rate of 19.6% to £2.7 billion over the five years through 2023-24, including a 12.8% hike in 2023-24.
Strong revenue growth has been supported by the significant rise of Salesforce, which has grown to dominate the industry... Learn More
Employment Growth for 2024: 10.5%
In recent years, online florists have gained a significant competitive advantage over traditional florists as consumers have increasingly switched to online for flower purchases, particularly following the COVID-19 outbreak. The growth of the online flower market has increasingly pushed bricks-and-mortar florists to the fringes of the market.
Revenue is expected to climb at a compound annual rate of 11.9% over the five years through 2023-24 to £499.8 million. This includes forecast growth of 5.1% in the current year. The consumer shift towards online retailing has been the main driver of growth in the industry. The COVID-19 outbreak accelerated this shift, as... Learn More
Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries by Employment in the UK in 2024
VIEW ARTICLEBased on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries by Revenue. in the UK in 2024
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