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The team at TechMarketView have been taking part in the #YourPalacetoPalace event this week raising funds for the Prince’s Trust and we want to thank our UKHotViews readers for your generous support!
Our target was to cover more than 180 miles between us - cycling, running and walking some four times the distance of the traditional Palace to Palace route between Buckingham Palace and Windsor Castle – and raise a thousand pounds. We’re delighted that in fact we’ve managed to run/walk/cycle 238 miles and have so far raised £1,390.
Highlights from a very active week include Helen’s 33-mile Ultra marathon; Dale’s (46 mile) & Martin’s (41 mile) impressive bike rides; Tania & Tola’s cross country runs; many miles of walks from Richard, Belinda, Becci, Marc & Duncan; and of course, Kate & six-year-old Toby’s five-mile cycle (see photo).
It’s not too late to help us raise even more for the Trust to support the amazing work that they do to transform the lives of disadvantaged young people - we'd love to break the £1,500 mark. You can see everything that the TMV team has been up to and make a donation here - https://yourpalacetopalace.princes-trust.org.uk/fundraising/YourPalacetoPalace21-TechMarketView.
Thank you once again for your support!
Posted by Tola Sargeant at '10:17'
The 2021 version of the UK Enterprise Software Market Trends & Forecasts report is now available to download.
Containing our latest market size and forecast data, along with insight into market dynamics and the key trends shaping the market, plus analysis of the challenges facing suppliers and recommendations for how to move forward, it is vital reading for suppliers operating in the UK.
COVID demonstrated - and elevated - the value of software, while organisations also learned a lot about themselves, their markets, supply chains and customers, stretching their comfort bubbles in doing so. That knowledge has accelerated digital transformation but what has also emerged is the extent to which behaviour has adapted to use more of the capabilities provided by Enterprise Software. Necessity is motivating us to lean into software to maximise the use of its existing capabilities, which in turn is igniting the desire to explore how software can be further used to reset and reimagine business models.
This attitudinal change means organisations are becoming more discerning about software, more exacting about its impact on business outcomes and less tolerant of applications - and suppliers - that might impose restraints on reset and reimagination initiatives. These changing attitudes may not make for the most comfortable of market conditions but combined with growing impetus around the sustainability agenda, they do point towards a resilient UK Enterprise Software sector as organisations explore hybrid experiences and working practices, new styles of interfaces, the ever-growing need for easily accessible insight from data and emerging areas such as the Internet of Behaviour.
If you are a subscriber to TechSectorViews click here to download the UK Enterprise Software Market Trends and Forecast 2021 report. If you don’t have a subscription and would like to gain access the report and our other research and services please contact Deb Seth.
Posted by Angela Eager at '09:22' - Tagged: markettrends software AI VR immersivetechnologies sustainability MarketForecasts
A couple of days ago, the UK Government published its National AI Strategy. The report acknowledges the significant impact that AI will have over the next decade and beyond. And, as the UK seeks to ‘build back better’ following the Covid-19 pandemic it looks at the way that AI can be harnessed to drive economic growth, deliver prosperity, and bring social benefits. It is a wordy tome that looks at the key resources that will be required to ensure the UK stays at the forefront of AI innovation; how we can ensure every sector and region benefits as AI becomes mainstream; and what governance and reulator regimes must be put in place.
You can read the full report here. It has the potential to impact SITS suppliers to the UK market in a variety of ways, particularly as Government intervenes to ensure appropriate access to the people, data, compute, and finance, that will be required. But in this UKHotViewsExtra - National AI Strategy: Health & Defence as exemplars – I’ve focused on the implications for the UK public sector SITS market, how will the strategy change behaviours and influence demand for AI-related skills and capabilities from SITS suppliers?
TechMarketView subscribers can access National AI Strategy: Health & Defence as exemplars now. If you are not sure how to access, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '08:48' - Tagged: strategy government AI
We were delighted to have so many of you join us for our ‘Delivering Social Value’ breakfast webinar on Thursday, and I hope that if you managed to attend you found it both engaging and informative.
Once again, I’d like to thank TechMarketView’s Georgina O’Toole and Dale Peters and our guest speaker, John Neilson, CE for UK & Asia at Sopra Steria, for their insight into what is surely one of the hottest topics in the UK public sector market at the moment.
If you missed it, you'll find a recording of the webinar here and we'll be making the slide-deck available to both our corporate and UKHotViews Premium subscribers later in the autumn – look out for the link in UKHotViews in the coming weeks. TechMarketView subscribers can also look forward to a written interview with John Neilson on the topic, which we plan to publish in Q4. As promised, we’ll also try to answer those questions that were submitted to the Q&A that we didn’t get a chance to respond to during the session.
In the meantime, PublicSectorViews subscribers will find further analysis of social value in UK central government - including profiles detailing how the top 10 tech suppliers to the sector are approaching the issue – in Georgina’s recent report: Social Value in UK Central Government.
Finally, don’t miss your chance to sign up to our next three webinars:
With thanks once more to our sponsors for the Delivering Social Value webinar, Sopra Steria.
Posted by Tola Sargeant at '12:17'
Q2 2021 marked an extraordinary quarter for VC investment into tech companies in the UK and Ireland, according to data from Corporate Finance firm Ascendant. Compared to Q1 2021, the volume of deals was up 8% but the value of those deals represented a 59% increase on the prior quarter and a 228% increase on the mid-pandemic Q2 2020 value.
£6,267m was invested in 360 deals over £0.5m, with 18 so-called megadeals (over $100m). The busiest investors were Crowdcube, Scottish Enterprise, Octopus, Maven Capital Partners, Index and Seedrs.
60% of deals were transactions over £2m, with the average deal size growing to £17.4m, compared to £11.8m in the prior quarter.
TechMarketView Foundation Service and UKHotViews Premium subscription clients will be able to download our Q2 2021 review of the UK tech VC scene, IndustryViews Venture Capital, soon.
Posted by Tania Wilson at '08:00' - Tagged: funding venturecapital
As many of our readers will know, TechMarketView has a long association with The Prince’s Trust, a charity that supports young people in need and helps them transform their lives by developing the confidence and skills to live, learn and earn.
This year, the team at TechMarketView - including Richard, Tola, Kate, Helen, Dale, Martin, Marc, Tania, Becci, Paula, Belinda and Duncan - are taking part in the virtual ‘Palace to Palace’ event to raise much needed funds for the Trust. We’re aiming to cover more than 180 miles between us next week: cycling, running and walking some four times the distance of the traditional Palace to Palace route between Buckingham Palace and Windsor Castle.
We feel there couldn’t be a more important time to support young people and the work of the Trust. Over the past year, the global pandemic has repeatedly disrupted young people's education and employment opportunities, not to mention affected their mental health with the most vulnerable falling further behind. The Prince’s Trust has over 40 years of experience in delivering targeted youth programmes and to date, has supported over 1 million vulnerable young people to transform their lives. Of those they supported last year, 9% were homeless, 37% had a disability and 37% also had mental health needs.
If you’d like to lend your support to The Prince’s Trust by sponsoring Team TechMarketView in our Palace to Palace, you can do so here (and we'd be very grateful!).
Alternatively, it’s not too late to enter Your Palace to Palace yourself, either individually or as part of a team like us. You’ll find more details and the link to sign up here – good luck!
Posted by Tola Sargeant at '17:41' - Tagged: charity
The National Audit Office (NAO) has published a damning assessment of the Home Office’s delivery of the National Law Enforcement Data Programme (NLEDP).
The programme to develop the National Law Enforcement Data Service (NLEDS) was launched in 2016, with the intention of replacing the Police National Computer (PNC) and the Police National Database (PND) with one modernised solution. The PNC was originally set-up in 1974, it records details of convictions, cautions, reprimands, warnings, and arrests. The PND was introduced in 2011 following recommendations from the Bichard Inquiry; it collates soft intelligence from local police records. Both systems are used by all 45 territorial forces in the UK, as well as a range of other law enforcement, intelligence and government organisations.
In a highly critical review, the NAO calls on the Home Office to clarify roles and responsibilities for delivery of the new service; produce a revised business case for the programme; set up a clear programme plan; produce plans on how it will guarantee a reliable PNC service until NLEDS is ready; monitor its technical capability and skills to deliver the programme, and urgently address any shortfalls; and consider the balance of risk and incentives between the Home Office and its suppliers. Read more...
In this HotViewsExtra article we take a look at the NAO's review and recommendations in more detail. Available to TechMarketView subscribers, including those signed up to UKHotViewsPremium. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.
Posted by Dale Peters at '08:57' - Tagged: strategy police government law+enforcement home+office
As part of TechMarketView’s Breakfast webinar series this autumn, our Research Directors Jon Davies and Marc Hardwick, will be hosting a live event on 7 October exploring the massive impact COVID-19 has had on the technologies supporting the UK’s financial services market.
As the pace of change accelerates across all sectors of the industry many financial services firms are considering wholesale transformation of their business processes and operating models. Against this backdrop, the webinar will discuss the key priorities for the industry and the crucial areas that are helping to drive software and IT services spend within the sector
Register Now!
Posted by HotViews Editor at '00:00'
In July we reported on CGI’s Q321 results for the period ending 30th June (UK declines but profits rise as CGI revenue shrinks in Q3). We noted a decline in the last reported quarter for the UK & Australia business unit, of 4.1% to CAN$363.4m, and a decline year-to-date of 1.4% to CAN$1.1b. But, as we head towards the company’s financial year end, it’s worth applying a little more scrutiny to the numbers.
In this UKHotViewsExtra article - CGI UK holds steady during pandemic – we dive deeper into the performance of CGI UK over the last two years and discover a far more positive picture, highlight which areas are performing better than others, and look ahead at the most interesting opportunities as the company heads towards its new financial year.
TechMarketView subscribers can download the article now. If you are not a subscriber – or are unsure if your organisation has a corporate subscription – please contact Deb Seth to discover the best way to access this research and more.
Posted by Georgina O'Toole at '12:32' - Tagged: results itservices covid-19
The UK Government's plan for health and social care (PDF) does not focus on the application of technology in reducing the pressures in the system, but it is clear that the effective application of digital solutions will have a key role in addressing the stated challenges.
The pressures on the NHS and adult social care were clear prior to the pandemic, but COVID-19 has brought unprecedented additional challenges. The Government's plan to address the situation is supported by significant new investment, including the introduction of a Health and Social Care Levy. MPs are expected to vote in favour of the 1.25% Levy based on National Insurance contributions and an increased dividend tax rate later today. Read more...
In this HotViewsExtra article we take a look at the announcements in more detail and review what they mean for technology suppliers. Available to TechMarketView subscribers, including those signed up to UKHotViewsPremium. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.
Posted by Dale Peters at '10:28' - Tagged: nhs strategy funding health government healthcare local+government social+care
There are now less than 100 days to go before Guy Rigby, founder and now Chair of the Entrepreneurial Services Group at Smith & Williamson, and his fellow crew member, entrepreneur and investor, David Murray, take to ‘The Entrepreneur Ship’ in a record-breaking attempt to row 3,000 miles across the Atlantic to raise funds for social entrepreneurs.
Guy and David will begin their row from the Canaries to Antigua on 12 December 2021, hoping to arrive in February 2022. If they complete the epic Talisker Whisky Atlantic Challenge, they will be the oldest pair in the world to row any ocean.
TechMarketView is delighted to be supporting Guy and David, who are raising funds for UnLtd, a charity that finds, funds and supports social entrepreneurs in the UK. So far, they have raised some £350k, which will help social entrepreneurs from minority backgrounds, who have historically been locked out of funding to scale their ventures.
With less than a hundred days to go, Guy told us it's all beginning to feel very real now! “I am excited and proud to take on this challenge in the name of entrepreneurship to raise as much money as we can for UnLtd, who have a track record of identifying savvy entrepreneurs with ideas that can truly level the playing field across our whole society.”
We can’t wait to follow The Entrepreneur Ship’s progress across the Atlantic from December and wish Guy and David every success. If you would like to sponsor The Entrepreneur Ship, or support Guy and David by donating, visit the “Support Us” tab on the team’s website here.
Posted by Tola Sargeant at '09:02'
In TechMarketView’s latest report from the PublicSectorViews team – Social Value in UK Central Government – we have sought to understand how the leading suppliers of IT services to UK central government are responding to the new procurement requirements as defined in the UK Government’s Procurement Policy Note ‘taking account of social value through government’s commercial activities’.
Suppliers profiled in this report are Capgemini, Capita, Atos, Fujitsu, Sopra Steria, IBM, DXC Technology, Accenture, Amazon Web Services, and CGI. We include in-depth analysis of their activities against the five themes within the Government’s social value procurement policy, namely Covid-19 recovery; tackling economic inequality; wellbeing; equal opportunity; and fighting climate Change
We look at the companies’ corporate approaches but also determine how they are translating that approach into regional or client specific initiatives. Within the analysis we highlight how some suppliers’ approaches stand out compared to their peers. We also consider how an evolving Government approach will impact suppliers. Importantly, with the policy requiring departments and agencies to seek additional social value from suppliers via individual contractual arrangements, we identify the ways in which suppliers can deliver contract-specific social value for their clients across the five themes.
Subscribers to PublicSectorViews can download the report - Social Value in UK Central Government – now. If you are not yet a subscriber, or are unaware if your company has a corporate subscription, please contact Deb Seth to find out how to access this major piece of research.
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On 23rd September (09:30-1015am) TechMarketView’s Chief Analyst, Georgina O’Toole, and PublicSectorViews Research Director, Dale Peters, will be leading a webinar focused on the rising importance of social value in the public sector, the implications for technology procurement, and how suppliers can position themselves for success. With thanks to Sopra Steria for supporting the event. Don’t forget to book your place!
Posted by HotViews Editor at '09:07' - Tagged: centralgovernment environment diversity sustainability social+value public+sector
This year, TechMarketView is thrilled to bring you a series of four Breakfast Webinars, giving you exclusive access to ourteam of expert analysts completely free of charge.
Starting from 23rd September, each of the four webinars will focus on a different hot topic and be delivered by analysts highly regarded as experts in their respective fields.
Registration is now open, so don’t miss your chance to reserve your place at one, or all, of these highly anticipated events:
23rd September (9.30am-10.15am) Delivering Social Value – Implications for the Public Sector Technology Suppliers
TechMarketView Chief Analyst Georgina O’Toole & PublicSectorViews Research Director Dale Peters lead a session focused on the rising importance of social value in the public sector, the implications for technology procurement, and how suppliers can position themselves for success.
BOOK YOUR PLACE NOW. Our thanks to Sopra Steria for supporting this webinar.
30th September (9.30am-10.15am) Hackers and Defenders – How greater use of public cloud is changing the cyber security landscape
TechMarketView’s Chief Research Officer Kate Hanaghan and cyber expert Martin Courtney will bring you up to speed on the seismic shift to public cloud in the UK and discuss how cyber security can be implemented to ensure the best possible line of defence.
BOOK YOUR PLACE NOW.
7th October (9.30-10.15am) Clarity of Purpose – How the pandemic helped financial services to focus on what really matters!
As some UK financial services firms consider wholesale transformation of their business processes and operating models, TechMarketView Research Directors Jon C Davies and Marc Hardwick lead a webinar discussing the key priorities for the industry and the crucial areas that are helping to drive SITS spend within the sector.
BOOK YOUR PLACE NOW. Our thanks to Aqilla for supporting this webinar.
14th October (9.30am-10.15am) Making Green from Green – Is there revenue from the sustainability agenda?
With the “Office of Sustainability” becoming an increasingly powerful influence on enterprise buyer behaviour, TechMarketView experts Angela Eager and Duncan Aitchison lead a webinar focused on the nature of this emerging market opportunity and explore how the supply side is gearing up to tap into the revenue streams that could flow from it.
With thanks to our sponsors:
If you’d like more details about how you can join Sopra Steria and Aqilla in supporting our webinar series, or any other events, please contact our Client Services team.
Posted by HotViews Editor at '00:00' - Tagged: events
Suppliers profiled in this report are Capgemini, Capita, Atos, Fujitsu, Sopra Steria, IBM, DXC Technology, Accenture, Amazon Web Services, and CGI. We include in-depth analysis of their activities against the five themes within the Government’s social value procurement policy, namely Covid-19 recovery; tackling economic inequality; wellbeing; equal opportunity; and fighting climate Change.
Posted by Georgina O'Toole at '08:14' - Tagged: centralgovernment defence environment diversity wellbeing sustainability wellness social+value public+sector
Check out the latest UK Enterprise Software Supplier Ranking report here. Now available for download, the 2021 report features the UK Top 20 Enterprise Software supplier ranking, by revenue.
It also shows just how broadly performance varied across the diverse group of Enterprise Software suppliers that comprise the Top 20 and highlights the factors that will influence spending during 2021 and beyond.
The COVID response unequivocally demonstrated - and elevated - the value of software. During lockdowns when movements were restricted and non-essential workplaces were shuttered, it was clear that in so many situations software could go where people could not, keeping functions running and businesses operating. With spending heading upwards, there is a meaningful opportunity for software suppliers to capitalise on the lessons learned during COVID-impacted 2020 and the enhanced status Enterprise Software achieved through its role in business continuity and damage limitation, and channel and business model change. However, with SaaS-native suppliers continuing to significantly outperform their competitors, we are seeing structural change to the market – including several new entrants to the Enterprise Software Top 20.
Subscribers to TechMarketView's TechSectorViews research stream can download the UK Enterprise Software Supplier Ranking research now. If you are not yet a subscriber and would like to find out how to gain access to this research and much more besides, please contact Deb Seth.
Posted by Angela Eager at '06:30' - Tagged: software rankings
Our latest UK Enterprise Cyber Security Supplier Rankings 2021 report contains the Top 20 UK supplier ranking (by revenue) for the UK Enterprise Cyber Security market. Despite the economic disruption caused by coronavirus lockdown restrictions, we estimate the overall market still managed to expand at a healthy rate of 6.2% during 2020.
Growth varied from one supplier to another, but those whose products and services were tightly aligned to network security and secure access service edge (SASE) solutions geared to remote working saw the highest level of double digit growth. Sales of on-premise security hardware declined due to a mix of supply chain issues, inflated prices and installation obstacles, but that only served to further boost demand for alternative platforms based on SaaS, software and managed security services.
While the market remains highly fragmented, bigger suppliers claimed a large proportion of total revenue in 2020 with many customers seemingly preferring to trust established cyber security providers with greater resources and staying power in an uncertain economic environment.
Subscribers to TechSectorViews can read more detail in our UK Enterprise Cyber Security Supplier Rankings 2021 report here. If you don’t have a subscription and would like to know more about how to access our services, please email Deb Seth for more information.
Posted by Martin Courtney at '09:15' - Tagged: rankings revenue cybersecurity 2021
Merger and acquisition activity in the UK software and IT services (SITS) sector fell slightly in Q2 2021, according to data from technology investment bank Silverpeak. There were 100 acquisitions by and 122 sales of UK companies, down from 114 and 141 respectively in Q1.
However, the Q2 figures were on a par with those seen in Q4 2020 and the pre-pandemic peak of Q2 2019, continuing the strong rebound in the markets.
TechMarketView Foundation Service and UK HotViews Premium subscribers can read more by downloading the Q2 2021 edition of IndustryViews Corporate Activity.
Posted by Tania Wilson at '08:00' - Tagged: acquisition M&A acquisitions
