Menu
 
News
Wednesday 29 July 2020

Support your business planning with a virtual TMV engagement

TMV logoAre you interested in digging deeper into our UK SITS Market Trends & Forecasts 2020-2023 and UK SITS Supplier Rankings 2020 research? Well now you can. TechMarketView is offering a virtual engagement to explore the meaning behind the written word of our two flagship reports. We have designed a session to enable you to get the most out of our latest analysis and support your business planning activities.

Report coversIn such an extraordinary year, defined by the COVID-19 pandemic and the associated global lockdowns, TechMarketView’s expert analyst team has had to consider the extreme uncertainty that remains for us all and we have created forecasts for the next four years based on two market scenarios. The scenarios will determine how quickly confidence will return. But regardless of the pandemic’s progression and the resultant impact on the UK economy, change is coming. In fact, it’s already here.

Strategic planning in the current environment is filled with unknowns. There’s a strong desire to leverage past investments while accelerating change. Suppliers must recognise the fundamental shift in their clients’ attitudes, and help them ‘reset and reimagine’, ensuring that technology remains at the heart of the agenda.

TechMarketView is on hand to help you with these challenges and a virtual engagement or webinar with one of our expert analysts is a great way to kick off your business planning process. 

Contact info@techmarketview.com to book your session. Exclusively for subscription clients and priced at £2,950 +VAT.

Posted by HotViews Editor at '09:30' - Tagged: webinar  

Monday 27 July 2020

*NEW RESEARCH* UK tech buyers hold up as cross-border deals fade

chartUK software and IT services (SITS) sector merger and acquisition activity in Q2 fell back to the level last seen in Q1 2018 as COVID-19 restrictions took effect, according to latest data from technology investment bank, Silverpeak.

There were 54 UK buyers and 59 UK sellers during Q2, down from 69 and 83 respectively in Q1.  However, the number of domestic deals remained steady with 32 deals in Q2 compared with 31 in Q1. The major shortfall in the number of transactions during Q2 was the sharp reduction in cross border deals

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read our quarterly summary of corporate activity in the UK SITS sector in our latest report, IndustryViews Corporate Activity – Q2 2020, downloadable now.

Posted by HotViews Editor at '08:19' - Tagged: acquisition  

Thursday 23 July 2020

RESEARCH for uncertain times: Market Forecasts and Supplier Rankings

mtfDuring times of such uncertainty, TechMarketView is doing all it can to support clients as they make crucial decisions. As well as providing customised research and advisory, we have recently published our two anchor reports providing market and supplier analysis.

Clients can read UK SITS Market Trends & Forecasts 2020-2023 and its companion report, UK SITS Supplier Rankings 2020, for the definitive view of the UK Software and IT Services scene.  

In such an extraordinary year, defined by the COVID-19 pandemic and the associated global lockdowns, TechMarketview’s expert analyst team has created market forecasts for the next four years based on two market scenarios.

Scenario A is based on our most optimistic view of prospects for the UK SITS market. It is founded on the presumption that the UK SITS market will suffer a relatively shallow reverse in fortunes during 2020 as a result of the pandemic, and will rebound fairly promptly thereafter, as the wider UK economy enjoys a V-shaped recovery.

Scenario B takes a far more cautious view of the prospects for future growth and is based on the UK SITS market experiencing a sharp decline during 2020. It assumes that both technology spend and the wider UK economy will remain in recession during 2021, with the UK SITS market not returning to growth until 2022. If this outcome comes to pass, by 2023 the UK SITS Market will be worth approximately £4bn less than under our more optimistic, Scenario A.

The scenarios will determine how quickly confidence will return. But regardless of the pandemic’s progression and the resultant impact on the UK economy, change is coming. In fact, it’s already here.

Read UK SITS Market Trends & Forecasts 2020-2023 for more on how the market could shape up. The standalone forecast data can be found here: UK SITS Market Forecasts 2020 (Excel).

Alongside the Market Trends & Forecast report, clients should read UK SITS Supplier Rankings 2020, our analysis of the largest 60 suppliers in the UK SITS market. It follows detailed research into over 200 publicly quoted and privately held companies.

Holding on to its number one spot is Capita, in spite of a notable revenue decline in 2019. However, powering into second place is TCS, thanks to mega deal wins - many of which have been in Banking and Financial Services. The rankings reflect the changes in the market, and in particular how the long-standing suppliers are managing the swing from heritage Software and IT/Business Process Services to new propositions.

To make sure you are prepared to respond in the months ahead, read the research:


If you are not yet a subscriber, please contact Deb Seth to find out you can gain access to this invaluable research.

And don’t forget, you can engage directly with the TechMarketView analyst team through a virtual engagement – see here. We can design the engagement to suit your organisation’s needs.  

Posted by HotViews Editor at '08:51' - Tagged: cloud   forecasts   rankings   automation   cyber   ML  

Wednesday 22 July 2020

*UKHotViewsExtra* Cobots and the rise of tech-enabled care

Cobots in careCOVID-19 has shone a spotlight on the challenges facing the care sector in the UK – and indeed globally - but it’s also shown the potential for technology to help improve outcomes and the quality of care received. In just a few weeks, we’ve seen the rapid growth in the adoption of technology by the care sector with families engaging with the vulnerable loved ones virtually, and wearable devices and remote monitoring technology being deployed to avoid the need to enter the homes of people who are shielding.

We’ve also seen the first use of collaborative robots - or cobots - in the UK care sector. Hampshire County Council and PA Consulting-led Argenti Care Technology Partnership are working with Japanese robotics developer Cyberdyne to trial lumbar support cobots to help care staff cope with the physical demands they face. More...

Posted by Tola Sargeant at '09:41' - Tagged: socialcare   robotics   caretech  

Monday 20 July 2020

*NEW RESEARCH* UK SITS Market Trends & Forecasts 2020-2023: Reset & Reimagine

MTF 2020 Report CoverTechMarketView Foundation Service clients are, today, treated to our eagerly anticipated annual review of the UK Software and IT Services market: UK SITS Market Trends & Forecasts 2020-2023.

TechMarketView followers will know that our Research Theme for 2020 is ‘Digital Chaos’. Little did we know that, as we entered a new year, we would see quite the level of chaos that has transpired, albeit not just from a digital perspective.

In such an extraordinary year, defined by the COVID-19 pandemic and the associated global lockdowns, TechMarketview’s expert analyst team has had to consider the extreme uncertainty that remains for us all.

That’s why we have created UK software and IT services (SITS) market forecasts for the next four years based on two market scenarios.

Scenario A is based on our most optimistic view of prospects for the UK SITS market. It is founded on the presumption that the UK SITS market will suffer a relatively shallow reverse in fortunes during 2020 as a result of the pandemic, and will rebound fairly promptly thereafter, as the wider UK economy enjoys a V-shaped recovery.

Scenario B takes a far more cautious view of the prospects for future growth and is based on the UK SITS market experiencing a sharp decline during 2020. It assumes that both technology spend and the wider UK economy will remain in recession during 2021, with the UK SITS market not returning to growth until 2022. If this outcome comes to pass, by 2023 the UK SITS Market will be worth approximately £4bn less than under our more optimistic, Scenario A.

The scenarios will determine how quickly confidence will return. But regardless of the pandemic’s progression and the resultant impact on the UK economy, change is coming. In fact, it’s already here.

Over the last few months, organisations across all UK industries have, supported by their ICT suppliers, responded to unprecedented circumstances. With rapid responses required, many of the barriers that are often accused of slowing down IT and digital progression were knocked down.  

As we are all painfully aware, the pandemic is still with us. However, as the dust settles on the initial wave, organisations are reflecting on their experiences. In both the public and private sectors, organisations have had their eyes opened to their vulnerabilities. And at the same time, they are looking at the potential of digital technologies through a different lens. Old business assumptions are being put aside as they press the ‘reset’ button.

Digital developments undertaken during the pandemic will have added to the ‘Digital Chaos’. Now, there will be a strong desire to leverage past investments while accelerating change. Suppliers must recognise the fundamental shift in their clients’ attitudes, and help them ‘reset and reimagine’, ensuring that technology remains at the heart of the agenda to get us back living our lives in the ‘new normal’.

To make sure you are prepared to respond to in the months ahead, download UK SITS Market Trends & Forecasts 2020 now. If you are not yet a subscriber, please contact Deb Seth to find out how to gain access to this invaluable research.

And don’t forget, you can engage directly with the TechMarketView analyst team through a virtual engagement – see here. We can design the engagement to suit your organisation’s needs.  

Posted by Georgina O'Toole at '09:23' - Tagged: markettrends   forecasts   covid-19   MarketForecasts  

Tuesday 14 July 2020

*UKHotViewsExtra* Government announces additional Future Borders funding

Brexit imageOver the weekend, UK Government announced another £705m of funding to ensure that the country’s border systems are fully operational when the UK takes back control of its border at the end of the EU Exit transition period on 1st January 2021.

Around £115m of that funding is destined to be spent on IT systems. In this latest UKHotViewsExtra from TechMarketView’s PublicSectorViews team, we look at the progress of the Future Borders programme to date, where the funding is set to go, and what Government is looking for from its suppliers.

If you are a TechMarketView subscriber, including for UKHotViews Premium, you can read the analysis now in Government announces additional Future Borders funding. If you are not yet a subscriber please contact Deb Seth to find out how to access this and more.

Posted by Georgina O'Toole at '10:07' - Tagged: publicsector   centralgovernment   brexit   opportunity  

Monday 13 July 2020

*NEW RESEARCH* Tech stocks bounce back from virus-induced crash.

chartAfter being caught in the huge stock market sell-off during the first quarter due to concerns about the impact of the COVID-19 coronavirus on the global economy, tech stocks have led the recovery.

Indeed, the aggregate value of quoted UK software and IT services (SITS) companies was 14% higher in Q2 2020 than the prior quarter although still 17% down on the value at the end of 2019.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q2 2020 edition of IndustryViews Quoted Sector.

Posted by HotViews Editor at '08:54'

Friday 03 July 2020

*NEW RESEARCH* Mastering the Art of Practical Innovation

Report imageThe innovation lifecycle blends pain points and purpose, with a splash of serendipity, and the incentive to produce something that is both different and makes a positive difference to business and consumers. The challenge is building a framework to support ongoing innovation - from ideation through implementation to tangible business value - without stifling it. “Mastering the Art of Practical Innovation” explores how Atos approaches the task.

Across the tech sector, providers have assembled skills, capabilities and components to support customers’ innovation ambitions as they digitally transform their businesses. Investment is being directed towards services, products and IP around technologies such as IoT and edge computing, 3D printing and quantum computing, and new business model enablers such as industry data platforms. But there’s a difference between check-listing and melding capabilities together in a way that has a direct effect on the organisation implementing them and their consumers, whose experience is the ultimate arbiter of success. 

Posted by Angela Eager at '08:08' - Tagged: itservices   innovation   digital  

Friday 03 July 2020

Have you got your copy of this year’s TechMarketView rankings report?

UK SITS Rankings Contents Have you got your copy of this year’s TechMarketView rankings report? Don’t miss out on finding out who ranks where in our top 60 and delving into the supplier profiles of the top 30. The rankings reflect the changes in the market, and in particular how the long-standing suppliers are managing the swing from heritage Software and IT/Business Process Services to new propositions. 

Top 20 ranking tables are also provided for key horizontal market areas as defined by TechMarketView’s Digital Evolution Model (DEM): Enterprise Software, Consulting, Solutions, and Operations (across Business Process, Applications and Infrastructure) giving readers unparalleled depth and breadth of analysis.

The much anticipated, and highly comprehensive, Supplier Rankings report is available for our Foundation Service clients here: UK SITS Supplier Rankings 2020.

Or, if you are not a client of the Foundation Service, or indeed of TechMarketView, contact info@techmarketview.com today to find out how to get your copy.

Posted by HotViews Editor at '08:00'

Thursday 02 July 2020

*UKHotViewsExtra* Accenture to cut up to 900 UK staff

Accenture logoAccenture is to cut between 700 and 900 UK jobs, equating to between 6% and 8% of its 11,000 employees in its offices across London, Aberdeen, and Cambridge. The news was picked up by the Guardian, which saw an internal note to staff. Accenture have since responded.

The internal note highlights that the company already had an overcapacity when the pandemic hit. And over the last period, additional strain has been felt due to lower demand and reduced natural attrition. The company has also identified that “structural costs need to be addressed”.

Accenture is keen to highlight that it has already taken actions to cut costs by decreasing travel (wouldn’t have been hard!), reducing contractor numbers, and pausing recruitment, but it has not been enough. As a result, redundancy talks will commence in the middle of this month, with all levels affected, including MDs (Accenture’s equivalent of ‘Partner’).

UKHotViews Premium logoAccenture’s statement reads: “We remain confident in our business in the UK for the long term. We are taking steps now to be able to continue investing in our workforce and our business, ensuring we have the right people with the right skills to best serve our clients and are well positioned for the future. We have notified our UK people that it is necessary to go into collective employee consultation for a proposed redundancy programme.”

TechMarketView subscribers, including those signed up to UKHotViewsPremium should read UKHotViewsExtra  -Accenture to make up to 900 UK staff redundant for our opinion on the news. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.

Posted by Georgina O'Toole at '09:00' - Tagged: restructure   covid-19