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After 40 straight quarters of double digit revenue growth since its inception in 2006, online backup and recovery specialist Veeam is on track to become a billion dollar company this financial year.
Having already given the likes of Veritas, IBM, HPE, Dell EMC, Arcserve and Commvault a run for their money by targeting smaller businesses, the next step in Veeam’s ambitious expansion strategy is to carve itself a larger slice of the more lucrative enterprise market.
That won’t be easy for a company better known in the IT department than the boardroom, but with energy, drive and a clear strategy in tow, anything looks possible. More…
Subscribers to TechMarketView’s research services, and our UKHotViewsPremium service, can read further details here.
Posted by Martin Courtney at '07:36' - Tagged: profile backup HotViewsPremium Veeam recovery
The business case for updating Police Scotland’s IT systems will be considered by the Scottish Police Authority (SPA) at its board meeting today. The plan outlines a £298m investment in the Digital, Data and ICT (DDICT) capability of Police Scotland and, if approved, will represent one of the most significant opportunities for police technology suppliers for some time.
The business case presents three options: 1) do nothing; 2) the full proposal; and 3) focus only on improving cash and efficiency. The recommendation is for the full proposal, which will require £244m in capital funding over a nine-year period (with £163m over the first three years), plus £54m in ‘reform’ revenue funding over the same nine-year period. This package is estimated to be able to deliver £357m in benefits for Police Scotland over that time through capacity creation and increasing the productive time of officers. More...
Posted by Dale Peters at '09:50' - Tagged: police digital transformation opportunity
The Financial Services sector is at a critical point in its journey to “digital” as incumbent providers seek to accelerate their transformation in order to face a more competitive future. Companies will be relying upon their Software and IT Services Suppliers for a wider range of skills and support as they introduce changes to their organisations, technology and customer relationships which are deeper and more far-reaching than ever before.
Also, incumbents stand at an inflection point as regards penetration of Cloud Services. Having built some confidence in the value of Cloud and their ability to organise around it, the rate of adoption can only accelerate. This will also drive the faster implementation of innovation and the wide-spread use of analytics and artificial intelligence.
Despite this surge in activity, we at TechMarketView predict only a small annual increase in the UK market size, just 2.3% over the next four years, much slower than in most of the past decade. To succeed in this environment, suppliers need access to senior decision makers in the customer organisations, real capability and clarity in the areas of cloud, analytics and automation as well as access to a wide range of partnerships, particularly with FinTechs and domain experts.
“Financial Services SITS Market Trends and Forecasts to 2021” explains the most important drivers of technology demand in this dynamic sector. It also identifies opportunities for suppliers to build sustainable value as the sector accelerates its transformation and adopts a range of technologies that will significantly disrupt financial markets, cost bases and return on investment.
Subscribers to FinancialServicesViews can access this important report, here.
Posted by Peter Roe at '19:13' - Tagged: cloud consulting financialservices automation legacy data
Our latest Cyber Security Market Trends and Forecasts to 2021 report is essential reading for any cyber security hardware, software or service supplier looking to expand their UK business.
A dangerous combination of surging cyber threats and heavier regulation continues to drive feverish enterprise activity as concerned security managers, legal departments and boardroom executives worry how they will deal with the fallout of major cyber incidents.
The primary challenge for security suppliers is to match product and service innovation against the unrelenting and rapid pace of change in the threat landscape whilst simultaneously maintaining compliance with heavier data protection legislation designed to punish organisations found to be lax in their custody of sensitive commercial and private data.
Only once they have their own house in order can suppliers move the mission on to delivering and maintaining effective cyber security defences for their customers. And contract renewals and procuring new business will depend on minimising the chance of those clients getting caught out by malware and being able to patch compromised applications, devices and systems quickly when incidents do occur.
This anchor report - one of three key components within our SecureConnectViews research stream – includes our forecast data for the UK cyber security market, trend analysis and indispensable advice for suppliers playing in what continues a fast paced, highly competitive market.
Subscribers to SecureConnectViews can download the Cyber Security Market Trends and Forecasts to 2021 report here. If you are not a subscriber, please contact Deb Seth for further details.
Posted by Martin Courtney at '09:52' - Tagged: markettrends cyber
Don't miss out on the opportunity to accelerate your company's scale-up journey by applying for our fifth Great British Scaleup Programme event (GBS5) to be held on Tuesday 13th and Wednesday 14th November at the London offices of Great British Scaleup Programme Official Supporter techUK.
Successful applicants will be invited to participate in a CEO-level, confidential 90-minute workshop session with TechMarketView research directors and executive advisors from Great British Scaleup programme Advisory Sponsor, ScaleUp Group, the team of successful tech entrepreneurs that have been responsible for accelerating growth and achieving over £4b in successful exits at many well-known tech companies.
The workshop session will assess your company’s potential and scalability using the ScaleUp Growth Index®, a proprietary scorecard which identifies areas of your business that might be an inhibitor to achieving extraordinary growth. Unlike traditional company scorecards which focus on past financial performance, the ScaleUp Growth Index® assesses your company’s future scale-up potential and identifies areas to address to become Global Champions.
Nearly 30 ambitious UK tech SMEs have already had their scale-up potential assessed through the TechMarketView Great British Scaleup Programme and are now reaping the benefit of advice on which parts of the business model are constraining growth and what to do about it.
Don't just take our word for it. Here's what CEO's of prior Great British Scaleups have said about the programme:
In our experience, the companies that stand to benefit most from the Great British Scaleup programme are typically generating single-digit millions in revenues and already growing at double-digit rates, but are finding themselves resource-constrained, especially cash. Indeed, ScaleUp Group is particularly experienced in assisting companies find Series A-level funding.
If this sounds like your business today – or might well be in the next 12-18 months – then please apply by filling in the application form on the TechMarketView website here by close of business Friday 5th October 2018. There is no charge to participate.
There's more information on the Great British Scaleup page on our website and if you have any other queries about the Great British Scaleup programme, please drop a note to gbs@techmarketview.com.
Posted by HotViews Editor at '06:00'
Those who were able to join us at our TechMarketView evening earlier this month will have heard us talk about the importance of relationships to further digital transformation, something that was underlined overnight with two separate industry announcements.
One was about Microsoft, SAP and Adobe teaming up to create a data alliance to generate a common data model – and fire a shot over Salesforce’s bows. The other related to Salesforce and Apple coming together to push more enterprise apps on iOS – with a specific emphasis on bringing voice to the enterprise.
Subscribers – including those who take UKHotView Premium – can access our ’Cloud war and alliance developments’ analysis here.
Posted by Angela Eager at '10:22' - Tagged: cloud software alliance voice data
New record levels of venture capital funding for UK and Irish technology companies were set in Q2 2018 according to the latest data from corporate finance firm, Ascendant. During Q2, a new high of £1.82b was invested in 281 deals of more than £0.5m by 346 investment groups at an average deal size of £6.5m. 59% of the deals involved more than one investor. During June, 101 companies were funded - the first time in the past 21 years that Ascendant has been tracking these deals that the number has exceeded 100.
For more details, and a handy summary of the quarter's venture funding deals, TechMarketView research subscription service clients can download the latest bumper edition of IndustryViews Venture Capital from this link.
Posted by HotViews Editor at '08:55' - Tagged: funding startup
It looks like attrition is back on the rise again at the top-tier Indian pure-plays – but with the notable exception of TCS!
This latest issue of OffshoreViews looks at attrition trends among the leading players, along with our regular results round-up.
This edition also includes an interview by TechMarketView Chief Analyst, Georgina O'Toole with Mastek Group CEO, John Owen along with UK MD, Prahlad Koti.
TechMarketView research subscription service clients can download OffshoreViews Q2 2018 Review from this link.
Posted by HotViews Editor at '07:33' - Tagged: offshore
Many thanks to all our clients and friends who joined us for our sixth annual TechMarketView Evening last night at the imposing Royal Institute of British Architects.
All the feedback suggested that this was the best event we have ever run in every respect. The speakers were engaging, the content enlightening and the networking 'par excellence'. Add in the welcome drinks reception and first-class dinner and, as they say in the classics, 'what's not to like?'.
We have to thank our special guest, Andrew Johnson, Integrated Solutions Manager at Shell Retail, who was interviewed by our very own Martin Courtney. A new double-act is born!
Of course, the evening would not have been possible without the generosity of our sponsors, InterSystems, Aqilla and Brands2Life. And the event simply would not have run as flawlessly were it not for the magnificent efforts of Tina Compton and Tina Gallagher and their event management team at tx2events.
We'll be putting the photos up on our website next week so those there can remember the evening and those that didn't can see what they missed!
Posted by HotViews Editor at '08:32'
Tonight's the night you've all been waiting for! We're really looking forward to welcoming our guests to RIBA from 6.30pm tonight for the much anticipated 'Evening with TechMarketView 2018'. We'll begin with a drinks reception, sponsored by InterSystems, followed by an hour of insight from our analyst team and guest speaker Andrew Johnson from Shell, and then enjoy a three course dinner. As a reminder, the dress code is business attire.
If you've left it to the last minute and would like to come, please do contact Tina Compton on 07710 320798 to see if we can squeeze you in.
For full details of the evening see our website: TechMarketView Presentation & Dinner 2018.
Posted by HotViews Editor at '09:12' - Tagged: events
We have just a handful of places left at our annual 'Evening with TechMarketView' event tomorrow so if you want to join us and haven’t booked yet contact Tina Compton at our event management partner, tx2events on T: 020 3137 2541 and we'll do our best to squeeze you in!
Hosted by TechMarketView Chairman Richard Holway MBE, the evening is centred around TechMarketView's theme for 2018, 'Breaking the Boundaries', and is sponsored by InterSystems, Aqilla and Brands2life.
We’re expecting some 200 leaders from tech industry giants, mid-market specialist suppliers, aspiring 'Great British Scaleups' and innovative early stage companies, as well as advisors, investors and end-user organisations, to join us for an opportunity to learn what TechMarketView believes the future may hold!
Event Details
Date: Thursday 13th September 2018 Venue: Royal Institute of British Architects, London Registration & Drinks Reception: 6:30pm. An extended networking drinks reception commences from 6:30pm sponsored by InterSystems. This will be followed by the speaker sessions and a first-class silver service dinner.
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Conduent is a little over a year into a three-year plan to become a more focused and more profitable business that has already seen it take a number of measures to slim down.
Conduent inherited a portfolio of services that covers a broad range of segments, from call centres, to tolling to HR outsourcing to payments and Finance and Accounting (F&A). Its focus on integrating and knitting this together is to define itself as a business managing the ‘digital interactions’ with the end customer / the citizen / the employee rather than be another business services provider.
This is a bold vision to define itself around the ultimate service user and will take time to articulate to the market. Currently and despite its long heritage Conduent remains to many an unknown quantity. The spin out from Xerox has given it a great opportunity to redefine what the business is about and where it can best add value. The hard work continues to showcase its capabilities and prove that it has a distinct proposition.
TMV recently spent some time with Srikanth Iyengar - Group Chief Executive, Europe to get a better understanding of where Conduent is heading.
Click to download Conduent Leadership Q&A: Becoming a Digital Interactions Company. If you are not a subscriber, you can contact Deb Seth for details.
Posted by Marc Hardwick at '08:16'
We're busy with the final preparations for our flagship annual Presentation and Dinner at the Royal Institute of British Architects this Thursday and we’re looking forward to seeing so many of our UKHotViews readers there.
We have just nine places left so if you haven’t booked yet contact Tina Compton at our event management partner, tx2events on T: 020 3137 2541 without delay to secure your ticket.
Posted by HotViews Editor at '09:11'
Speaking at the NHS Expo in Manchester, Secretary of State for Health and Social Care Matt Hancock said, “The NHS is at the same moment the world’s biggest opportunity for saving lives through modern technology, and the world’s most frustrating place to work for its IT” and that it is “an immediate priority” to sort out the technology of the NHS and social care systems.
He intends to achieve this vision via a six-part plan, which includes: 1. Interoperability; 2. Intelligent procurement; 3. Building a HealthTech ecosystem; 4. Backing the NHS to develop and co-create solutions; 5. Embedding skills; and 6. Culture change.
Hancock highlighted the need to improve the interoperability of systems used across health and social care and stated the Government will impose new open standards. He sees the Global Digital Exemplars (GDEs) playing a big role in helping the NHS making better purchasing decisions and announced £200m would be allocated to support new GDEs in acute, mental health, ambulance and community trusts in England. It was also announced that a HealthTech Advisory Board is being created consisting of tech experts, clinicians and academics, which will be chaired by Dr Ben Goldacre.
In the eight weeks since his cabinet appointment he has focused heavily on the role of technology in transforming healthcare. His latest announcements reiterate his willingness to play tough with suppliers that don’t work in the best interests of the NHS, but also a desire to create the right environment for innovative businesses to thrive.
Subscribers to TechMarketView’s research services, and our UKHotViewsPremium service, can read further details on the announcements here.
Posted by Dale Peters at '21:31' - Tagged: health policy government digital
Excitement is building ahead of the annual TechMarketView Presentation and Dinner next Thursday and we’re looking forward to seeing so many of our UKHotViews readers there.
If you haven’t booked a place yet, there is still time. Contact Tina Compton at our event management partner, tx2events on T: 020 3137 2541 to secure your place.
Posted by HotViews Editor at '09:09'
Our Business Process Services Market Trends & Forecasts 2018 report is available to download HERE.
Business Process Services (BPS) is forecast to remain the fastest growing horizontal service line within the UK SITS market over the next five years through 2021.
Whilst headline growth has slowed relative to recent years as large scale ‘lift and shift’ outsourcing has become less fashionable, the increasing investment in tech-enabled or platform-BPS coupled with the popularity of on-demand or as-a-service solutions will ensure that this market continues to expand over the next five years.
Much of this growth will be experienced in the Private Sector where (particularly outside of Financial Services) growth will be well above the overall market level. The Public Sector and particularly its biggest sub-sectors of Central and Local Government will remain subdued where budgets remain tight and investment decisions are delayed.
Business process consulting, digital transformation and data analytics services, are also areas where we expect to see strong demand, assisting clients in digital process redesign and in making improvements to customer experience.
The wider political, economic and regulatory environment will of course have a very big impact on future prospects with Brexit, the potential loosening of austerity and wider economic performance all prominent.
Click to download Business Process Services Market Trends & Forecasts 2018. If you are not a subscriber, you can contact Deb Seth for details.
Posted by Marc Hardwick at '06:20' - Tagged: outsourcing bpaas automation
Available now to subscribers of our ever-popular Infrastructure Services research programme is Infrastructure Services Market Trends & Forecasts (2018-2021).
Now is the time to change. The Software and IT Services markets are in a state of flux. Emerging and rapidly changing technologies mixed with a desperate need to cut costs and supercharge innovation (and topped off with a big dollop of macro-political unknowns) has created widespread uncertainty.
However, we believe that within this maelstrom there also exists a great opportunity to thrive – for those that are fit enough for the challenge.
This anchor report - a key component of our Infrastructure Services research programme - includes brand new forecast data, an explanation of key trends, and advice for suppliers.
Produced annually, the report has become essential reading for players in the Infrastructure Services market.
Download it here: Infrastructure Services Market Trends & Forecasts (2018-2021). If you are not a subscriber, please contact Deb Seth for details.
Posted by HotViews Editor at '09:59' - Tagged: outsourcing cloud datacentres infrastructure AI
There's not long to wait before the launch of the fifth in the series of our Great British Scaleup workshops!
Well over twenty UK tech SMEs have benefited from the advice and experience of the TechMarketView research team and corporate advisors ScaleUp Group since the launch of the programme in March last year. Another eight companies will be selected to participate in GBS5 in November.
Keep an eye out on UKHotViews over the next couple of weeks for details how to apply. It's absolutely free.
You can check out the comments from previous participants here and feel free to drop a line to gbs@techmarketview.com for further information.
Posted by HotViews Editor at '09:05' - Tagged: GreatBritishScaleup
The Application Services Market Trends & Forecasts 2018 report is hot off the virtual press and ready to download HERE.
With growth of just 1.5% in 2017, Application Services (AS) performed slightly less well that than the overall UK SITS market. The AS arena continues to be shaped by the interaction of a complex set of countervailing forces. On the current market trajectory, there will only be modest annual increases in AS expenditure during the forecast window.
Beneath this somewhat placid surface, however, the AS market is being radically redefined as digital breaks the boundaries that both surround and segment the arena. As we look at the 2017 – 2021 timeframe, rotation to “the new” will more than double demand for digital, platform and cybersecurity related AS. These services will account for 60% of the market just four years from now. Change of this scale and at this place creates both significant opportunities and existential threats for all who make their livings in this space. Understanding these dynamics and the potential responses to them are prerequisites for suppliers and enterprises alike.
The report explores the “what” and the “why” of the forces at play in what next year will be the largest segment of the UK IT services market. It also looks at the “how” of adapting to and prospering in this rapidly evolving environment.
Application Services Market Trends & Forecasts 2018 is available to TechMarketView subscribers who take the ESASViews research stream. If you don’t have a subscription and would like details please contact Deborah Seth.
Posted by Duncan Aitchison at '07:00' - Tagged: applications research
Excitement is building ahead of the annual TechMarketView Presentation and Dinner next week and we’re looking forward to seeing so many of our UKHotViews readers there! If you haven’t booked a place yet there is still time, click here or contact our event management partner, tx2events on T: 020 3137 2541 to secure your place.
Posted by HotViews Editor at '08:37'
Enterprise software is an exciting - and frustrating - phase of development. Despite outperforming the UK SITS market, growth was just 2.2% in 2017.
To understand the contradictions, read Enterprise Software Market Trends & Forecasts to 2021, which includes the latest UK market sizing and growth data.
Achieving the digital business ambitions enterprises are grappling with is pushing software to break all manner of boundaries and changing the very structure of the market. There is inexorable SaaS adoption, the shift towards insight and data driven interfaces via AI/machine learning, applications as malleable services and technology stacks, and widely connected platforms and ecosystems. These advances create new possibilities, bring new levels of complexity - and drive enterprises to reassess their relationship with suppliers.
As enterprises explore digital prospects they expect more from their suppliers. This is pushing software suppliers outside their comfort zones and deeper into areas such as component lifecycle management, and data management. And as connected digtial businesses don't 'see' discrete functions, software, business processes and infrastructure boundaries are breaking.
Click to download Enterprise Software Market Trends & Forecasts to 2021. If you are not a subscriber, you can contact Deb Seth for details.
Posted by Angela Eager at '07:15' - Tagged: markettrends software AI machinelearning
