Search through our UKHotViews and UKHotViewExtra articles plus complete research reports
Despite the cacophony of bad news – both in the UK and globally – the stock markets had yet another pretty good month. Indeed NASDAQ was up 6.2% as Big Tech (largely) said boohoo to the warnings. NASDAQ is now up 19.6% YTD. Even the FTSE100 was up 2.1% (+12% YTD).
The FTSE Software and Computing Services Index was down a marginal 0.78%. But up 11% YTD.
Big month for Big Tech
It was a Big month for Big Tech with all the majors reporting quarterly results. Some shone. Some disappointed.
So who got the coveted Share of the Month and the ignominy of the Wooden Spoon?
Share of the Month went to Tesla. Wooden Spoon to The Hut Group (#THG). But there were plenty of other ‘runners up’ for both awards.
The Outlook?
Hold onto the horses. The ride might become pretty rough.
You want more?
All the detail, comment on the Winners and Laggards and the View on the Future Outlook in our Review of Share Performance in Oct 21 on HotViews Extra available to all subscribers including HotViews Premium.
Must admit it is a particularly ‘bumper’ issue this month and well worth a read. (Well. I would say that as I spent the weekend writing it!)
Also remember that a HotViews Premium subscription includes all our HotViewsExtra articles like the superb recently published Autumn Budget & Spending Review 2021: Tech Implications by Dale Peters (worth a subscription for this alone!) Also the latest IndustryViews report of the Quoted Sector in Q3 2021 by Tania Wilson. Much more detail that you get from me!
And a HUGE amount more!
Why not join them for just £395pa? For more details CLICK HERE
Posted by Richard Holway at '15:39'
In the Autumn Budget and Spending Review 2021 (SR21), Chancellor Rishi Sunak presented the Government’s spending plans for the next three years to 2024-25. He started his speech by saying that the Budget was about investing in a more innovative, high skilled economy as this is the only sustainable path to individual prosperity and world class public services. It was a broadly optimistic budget that places innovation and technological progress at the heart of the government’s strategy for long-term growth. Here we take a look at the key announcements, including the economic outlook, impact on public spending, departmental digital plans, R&D and skills, and what it all means for the UK tech sector.
In its Economic and Fiscal Outlook, The Office of Budget Responsibility (OBR) reported that the success of the vaccine rollout has allowed the country to reopen largely on schedule and that the effectiveness of the vaccine, plus the adaptability of consumers and businesses, has meant economic recovery was faster than expected. The faster recovery, more positive outlook and large tax rises (income tax, corporation tax and the new Health and Social Care Levy) provided the Chancellor with the confidence to spend more on public services. He pledged to increase overall spending for every government department in real terms as a result of SR21, with total departmental spending forecast to grow in real terms at 3.8% a year on average over this Parliament, which equates to a cash increase of just under £150bn a year by 2024-25 (c.£90bn in real terms).
TechMarketView subscribers, including those signed up to UKHotViewsPremium can read Autumn Budget & Spending Review 2021: Tech implications here. 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 '08:13' - Tagged: strategy skills government budget R&D public+sector spending+review
Our latest research note - BT puts Eagle-i on Cyber Security – analyses BT’s Eagle-i cyber security platform, a key component of a broader reboot designed to help reverse the consistent revenue decline of the telco’s Global division and promote its managed security service (MSS) capabilities.
The cyber security market is one of the strongest areas of potential growth for BT. The sector that has already led to considerable gains in recent years as the telco expanded both its product and service portfolio and associated revenue (read more detailed analysis in TechMarketView’s latest UK Enterprise Cyber Security Supplier Rankings 2021 report here).
First revealed as a concept in December 2020, Eagle-i will initially be integrated with managed firewall, endpoint and cloud security capabilities delivered in partnership with specialist suppliers such as CrowdStrike and Zscaler and later complemented with multi-vendor control and greater levels of security automation.
Eagle-I looks like a solid addition to BT’s cyber security capabilities, but the UK MSS market is becoming increasingly crowded, populated by a mixture of telcos, systems integrators, resellers, consultancies and specialist cyber security suppliers.
TechMarketView clients, including HotViews Premium subscribers, can access the research note BT puts Eagle-i on Cyber Security here. If you don’t have a subscription you can contact Deb Seth for details.
Posted by Martin Courtney at '08:03' - Tagged: MSSP cybersecurity
Just published, UK Defence Software & IT Services Market: Suppliers, Trends, & Forecasts 2021-24 is the second in our series of reports providing a deep dive view of the six public sector subsectors from both a market and supplier perspective. This report – and the others focused on central government, local government, health, education, and police (which will all published during Q421) – should be read in conjunction with our overview report published last month (UK Public Sector Software and IT Services: Suppliers, Trends and Forecasts 2021-2024).
In this defence report, PublicSectorViews subscribers will find TechMarketView’s Top 10 defence SITS rankings for 2020, as well as our view of those suppliers that are ‘on the rise’ and, therefore, threatening to unseat the leading players, and a handpicked selection of suppliers that are worth keeping a close eye on, due to their renewed interest in the sector, recent successes, or differentiated approach.
Subscribers will also find our latest forecasts for the UK defence SITS market. Our view of 2020, and our forecasts through to 2024, are based on our proprietary Digital Evolution Model (DEM). The model provides a view of the market by the ‘New’ - digital, platform and cyber security-led offering, and ‘Heritage’ - offerings focused on traditional systems and processes. We also provide finer granularity by including data for the four primary groupings in DEM, namely Consulting, Solutions, Operations and Software.
PublicSectorViews subscribers can download UK Defence SITS: Market & Suppliers 2020-2024 now. If you are not yet a subscriber or are keen to work out how to access our behind-the-paywall research, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '14:53' - Tagged: defence forecasts suppliers market+trends public+sector
Subscribers to TechSectorViews can now access our UK Infrastructure Operations Market Trends & Forecasts report.
Authored by Kate Hanaghan, the report provides detailed market sizing and growth rates for the forecast period to the end of 2024 - and it enables readers to understand how the market is transitioning from what we call “Heritage” to “New” technologies and services.
Not only have hybrid IT operating environments emerged as a very effective way for organisations to achieve their hosting, application, operational and business objectives, they will be the prime way in which many manage their transition to greater digital technology and service consumption. This rebalancing of Heritage to New via hybrid is a central trend in Infrastructure Operations and one that will continue to play out over a period of years.
Despite the colossal socioeconomic impact of the pandemic, the general direction of the major market trends in Infrastructure Operations has not changed - although the pace at which investment will occur has increased in certain sectors.
UK Infrastructure Operations Market Trends & Forecasts explains the broad market shaping trends and how COVID has impacted those. It provides advice and recommendations for suppliers, outlining the challenges they face.
The outlook for the Infrastructure Operations market varies hugely by segment. While it is an exciting arena in which to compete, there are extreme market forces at play as buyers commit spend to support their cloud ambitions and take steps to significantly reduce their budgets in traditional areas.
Read the report here: UK Infrastructure Operations Market Trends & Forecasts. For subscription enquiries, please contact, Sales and Marketing Director, Deb Seth.
Posted by HotViews Editor at '09:30' - Tagged: cloud hybrid infrastructureoperations
The 2021 version of the UK SITS Consulting 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.
The outlook for UK SITS Consulting remains healthy. The segment was less impacted by the pandemic last year than initially anticipated and it entered 2021 on a strong wave of demand; a wave that shows little sign of dissipating for the foreseeable future. Across all sectors, organisations are faced with challenging roads ahead. They realise that surviving, and thriving, will require more than just incremental change and thereby are creating a wide array of consulting opportunities.
Among the legacies of the pandemic, however, is a change in customers’ expectations of the advisors they employ. Buoyed by their recent successful experiences with technology deployment, enterprises have become bolder. They have also become accustomed to a much faster pace of change. SITS consultancies have proved themselves to be powerful allies in a time of adversity. The challenge now is to become trusted partners in the rapid delivery of fundamental, effective and sustainable digital driven change.
If you are a subscriber to TechSectorViews click here to download the UK SITS Consulting 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 Duncan Aitchison at '08:41' - Tagged: consulting newresearch market+trends
Was it something I said? Evendo isn’t showing Urban Axe Throwing as a featured activity on its home page anymore!
I refer to my post last week about the Canary Wharf-headquartered social events marketplace, whose valuation I couldn’t quite come to grips with (see EventTech Evendo raises dosh to throw more axes (no, honestly!)).
My musings prompted a call from Evendo founder and CEO, Kasper Larsen, for some remedial therapy and I am now (somewhat) enlightened.
Subscribers to any TechMarketView subscription service – including UKHotViews Premium – can read the rest on UKHotViews Extra.
Posted by Anthony Miller at '09:18' - Tagged: funding startup
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 '08:42' - Tagged: software forecasts market+trends
TechMarketView is one of the most highly regarded tech research and advisory firms in the UK. We are looking for two research analysts to join our growing team. Could this be you or someone you know?
The successful candidates will be part of our analyst team and will work closely with our research directors and principal analysts to deliver research and analysis for our clients on the UK tech market.
Applicants should have some understanding of, and an interest in, the UK tech market, including software or IT services. Some experience of either the financial services or public sector tech markets would also be beneficial.
In time, you will be writing content for our daily newsletter and contributing to research reports, so you’ll need excellent writing skills and attention to detail and be able to work to deadlines.
You’ll be comfortable with both interviewing senior people and doing desk research and will enjoy thinking analytically.
As part of the role, you may also be involved in analysing company finances or helping to prepare our market sizing data, so you’ll need to be happy playing with spreadsheets too.
We’re a small, friendly team and the right candidates will have the opportunity to grow into the roles and develop expertise in specific areas of the market.
We envisage both roles being full-time, but we’re flexible and could tailor the position for the right candidates.
We all work remotely from home – and always have – but you may be required to travel to meetings in London or in the M25 area from time to time.
If you think this could be you, please email our Chief Research Officer, Kate Hanaghan, to tell us about yourself, enclosing either a link to your LinkedIn profile or a CV (or both!).
Posted by HotViews Editor at '13:36'
Thank you to everyone who joined us the fourth and final webinar in our autumn series this morning, Making Green from Green, where we explored the emerging sustainability market opportunity and how the supply side is gearing up to tap into the revenue streams that could flow from it, with TechMarketView’s Angela Eager and Duncan Aitchison.
If you didn’t manage to attend the live event, you can view the recording here. We’ll also 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.
In the meantime, TechSectorViews subscribers can delve into the detailed research behind the webinar in reports such as Making a Difference with Sustainability Tech or our various market trends, forecasts and supplier rankings reports. (If your organisation doesn’t currently subscribe to our in-depth research in this area, contact Deb Seth for more details).
And if you’ve enjoyed the webinar series, mark your calendars now for our popular, in-person, ‘Evening with TechMarketView’ event which will be returning on 22 September 2022. We look forward to seeing you there!
Posted by Tola Sargeant at '12:08' - Tagged: sustainability webinar
TechMarketView’s Digital Marketplace Review H1 2021-22 research reveals spend through the three Crown Commercial Service (CCS) frameworks: G-Cloud, Digital Outcomes & Specialists (DOS) and, most recently, Digital Capability for Health (DCFH) was up 28% to £1.7bn. G-Cloud accounted for 73% of spend during the six months (April-September) covering H1 of the UK Government year 2021-22, with DOS covering the remaining 27%—spend via DCFH represented less than 1% of spend during the period.
Spend on G-Cloud was up 34% to £1.2bn driven by pandemic related Health spend and increased digital investment in Defence and Central Government. The challenges of bringing in teams and specialists during the pandemic suppressed the DOS market in H1 2020-21; however, by H2, suppliers and their clients were adapting to hybrid working and spend picked-up. In H1 2021-22 spend continued to recover in some key subsectors, ending the six-month period up 15% to £469m. There were wide variations in DOS spending between the public sector subsectors, ranging from 68% year-on-year growth to 74% decline.
The rate of growth in spend with SMEs during the period was broadly consistent with that of large companies, with the former up 29% and the latter up 28%, but large companies still attracted the majority of spend, accounting for 64% by value.
Three companies (AWS, Kainos and Capgemini) broke the £50m barrier for Digital Marketplace income during the period. Six customers (Home Office, HMRC, Department of Health and Social Care, Department for Work and Pensions, NHS Digital, and Ministry of Justice) broke the £80m spend barrier—their combined spend represented nearly 40% of total spend for the period.
If you are an existing PublicSectorViews subscriber, you can access further analysis and charts now. If you’d like to discuss an extension to your existing subscription or would like details of how to subscribe to TechMarketView, please email Deb Seth.
Posted by Dale Peters at '08:55' - Tagged: g-cloud data dos digital+marketplace dcfh
TechMarketView’s latest Business Process Operations Market Trends and Forecasts 2021 report is now live. Clients of the TechSectorViews research programme can read it here.
UK BPS Operations growth and market performance in 2020 was held back by both demand and supply issues. There were fewer transactions and lower volumes within certain service areas and sectors such as travel and hospitality, whilst many suppliers struggled to serve all their contracts all of the time, as workers fell ill or were forced to self-isolate. Whilst the move to remote delivery and Working from Home was a success for the majority, some contracts were restricted by regulatory, technology and capacity constraints.
The pandemic has had a profound effect on the BPS market causing it to decline in value for the first time in recent memory. Despite the slow growth in the overall BPS market in recent years, the migration away from heritage “lift and shift” operations towards more tech enabled/digital has been providing growth opportunities for those best placed to deliver.
Digital transformation of BPS operations and investment in the building blocks of digital BPS – notably analytics, UX, AI, automation, platforms, cloud, cyber etc. have accelerated significantly since early 2020. The use of technology in BPS service delivery is going to play an increasingly important role longer term with existing trends such as the acceleration to BPaaS and cloud-based delivery speeding up. Tech-enabled services and specifically automation and cloud will be at the forefront of the modernisation of services and ‘next-gen’ operations.
If you are a subscriber to TechSectorViews click here to download the UK Business Process Operations Market Trends and Forecasts 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 Marc Hardwick at '12:44' - Tagged: bps newresearch market+trends
The 2021 version of the UK Applications Operations 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.
The Application Operations (AO) market faced significant challenges in 2020 as enterprises in many sectors cut all but essential expenditure on legacy estates in response to the effects of the pandemic. The nearer term outlook for the UK AO market is, however, improving with demand this year bouncing back to above the pre-COVID level. Nevertheless, the pace of growth during the forecast window is set to remain muted at a CAGR of just 1.2% for the next four years.
Beneath this somewhat placid surface, the digital revolution continues to gather pace within the AO arena. As enterprises now strive to reset and reimagine their businesses more fundamentally, platform-based services are forecast to account for more than 60% of this market by 2024. This will bring an additional £1.5bn of New AO expenditure into play over the next three years. The opportunities for business impact-oriented providers are significant. Traditional cautious incrementalism must, however, give way to more radical, rapid change in offerings, operating models and delivery methods.
If you are a subscriber to TechSectorViews click here to download the UK Applications Operations Market Trends & Forecasts 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 Duncan Aitchison at '07:57' - Tagged: applications newresearch operations
We caught up with The Access Group team when they released full year fiscal 2021 results recently for a deeper dive into what is shaping this UK HQ’d business software company that specialises in mid-market enterprises.
It has an impressive growth story having doubled in size every two years for the past few years, something CEO Chris Bayne doesn’t see changing for the foreseeable. Several of its divisions have now reached £100m revenue milestones, the size the overall business was just four years ago. Acquisitions have driven growth - a remarkable 18 completed during the most recent financial year to June 2021 and 30 over the past three years - but the company has also delivered organic growth once the acquired companies have been assimilated, demonstrating its ability to build post the buy phase. At the same time it has managed over 15 years of uninterrupted profitable growth, including EBITDA CAGR of 56% over the 2017-21 period, with a reach target to double EBITDA every two years.
As it continues to scale up - at pace, move to a divisional structure to support expansion, and develop its cloud Workspace platform and proposition, its direction and objectives are crystallising. TechMarketView subscribers can read our analysis in UKHotViewsExtra The Access Group: scale up continues; directions crystallising.
If you don’t have a subscription and are interested in finding out more about the research services we provide, you’re welcome to contact Deb Seth.
Posted by Angela Eager at '08:51' - Tagged: cloud software acquisitions
Thank you to everyone who joined us for our ‘Clarity of Purpose’ breakfast webinar this morning, where we explored the trends shaping the UK financial services tech sector and particularly the impact that Covid-19 has had on the sector’s drive for transformation, with TechMarketView’s Jon Davies and Marc Hardwick. A warm thank you as well to cloud-based accounting systems provider Aqilla, whose support made it possible for us to run the webinar today.
In the meantime, FinancialServicesViews subscribers can delve into the detailed research behind the webinar in reports such as our UK Financial Services SITS – Suppliers, Trends & Forecasts 2021, The Wealth Management Challenge and The Risk Management Challenge. (If your organisation doesn’t currently subscribe to our in-depth research in this area, contact Deb Seth for more details).
And lastly, don’t miss your chance to book your place at our final breakfast webinar of the series, Making Green from Green, which will be examining whether there is revenue to be made from the sustainability agenda on 14 October. We look forward to seeing you there!
With thanks to Aqilla, our sponsors for the Clarity of Purpose webinar.
Posted by Tola Sargeant at '12:01' - Tagged: automation transformation AI webinar financial+services
Two years ago, only three months after having his left leg amputated through-knee, Thomas completed the RBC Race for the Kids in aid of Great Ormond Street Hospital. He made it round the 5K Hyde Park course in an hour, despite struggling with his first real experience of running. He was supported by a fantastic TechMarketView team.
A year later, he had received his first prosthetic activity blade, and in the midst of the pandemic, he took part in the event once again, albeit virtually (and on a much hillier route!). He smashed his previous time, finishing the 5K in 38 minutes. This year he will, once again be participating in the virtual event, and hopes to raise more money for the hospital that looked after him (and his family) for over a decade of his life.
Thomas is the son of our Chief Analyst, Georgina O’Toole. Many of you will have tracked his progress over the years. We are excited to see if he manages to beat his personal record once again, having had a bit more running experience. He’s not looking forward to tackling those hills again so any donation you can make to spur him on would be greatly appreciated. You can find his fundraising page here - Race for the Kids – O’Toole Family. Mum might need a bit of encouragement too! We have been so thrilled with the support offered by TechMarketView readers in the past.
If you can support Thomas, you will be providing much needed funds to a hospital that provides amazing care – via fantastic facilities and staff. Thomas is really keen to ensure other children, and their families, receive the same level of support as he did. This year, Thomas is also very proud to be supporting the team at RBC Race for the Kids to help get others signed up to join in too (see photo).
Posted by HotViews Editor at '10:51' - Tagged: fundraising charity
In case you missed it, late last week, we published our annual – and much anticipated – review of the UK public sector software and IT services market from both a market and supplier perspective. PublicSectorViews subscribers can download the report – UK Public Sector Software & IT Services: Suppliers Trends & Forecasts 2021-2024 – now.
You might also have struggled to access the associated review of the UK central government SITS market and its suppliers (as the link wasn’t working in our email). You can now easily access it here: UK Central Government Software & IT Services: Suppliers, Trends, & Forecasts 2021-2024. This is the first in a series of six subsector reports that take a deep dive into the six public sector subsectors. You should keep an eye out for those focused on local government, health, education, police, and defence, over the coming weeks.
In both reports you will find our review of 2020 and the impact of the Covid-19 pandemic, as well as our forecasts through to 2024, highlighting the key trends that we believe will be a feature of the market over the next few years. You will also see our Top 20 rankings for the overall UK public sector SITS market and the UK central government market, which highlight a strong diversity of performance amongst the players. But those leading players need to take care. There is some strong competition coming through and knocking on the door of the Top 20 rankings. And some smaller players that are achieving phenomenal growth, either organically or via acquisition. You can read all about those we think it’s worth keeping an eye on when you download the research.
If you are not yet a subscriber – or are unsure whether your company has a corporate subscription – please contact Deb Seth to find out more. And if you have any questions on the research, don’t hesitate to get int touch with our PublicSectorViews team.
Posted by Georgina O'Toole at '08:55' - Tagged: centralgovernment forecasts suppliers market+trends public+sector
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 staggering 228% increase on the Q2 2020 value.
The latest edition of IndustryViews Venture Capital has more detail, along with commentary on selected UK tech venture funding deals.
Posted by Tania Wilson at '08:00' - Tagged: funding start-up
All indices in negative territory in September
I guess I’ve got used to starting my monthly reviews with words to the effect ‘Share prices surge…again’. This month was an exception with every one of the indices we track in negative territory.
Indeed, tech led the way with NASDAQ falling 4.9% (but still up 12.6% YTD), the TechMark100 off 5.1% (but still up 14.8% YTD) against the FTSE100 which only fell 0.5% (up 9.7&% YTD)
The FTSE SCS Index, which is the closest to the UK IT Software & Services stocks we cover, fell by an even higher 7.7% (still up 11.9% YTD)
If you are a regular reader of my end of month reviews, you will be aware of my ever-growing list of ‘concerns’. Concerns which are not new but which the markets have chosen to ignore so far. We’ve talked about the growing dangers of inflation for some time. Everybody must have seen this already in every shop and service they buy. And that’s before the massive rise in energy bills in the period to come. I estimate our own energy bills will rise by a four figure sum in the next 12 months.
The conventional antidote to inflation in the past has been to increase interest rates. The BoE might now raise its interest rate from the miniscule 0.1% within months. This will filter through to mortgage rates. Most borrowers today have no experience or memory of the days back in the 1980s when mortgage rates were in double figures.
All this is denting consumer confidence and growth rates, which were recovering strongly, but are now back to flat-lining.
I’ve also said repeatedly that tech is so firmly embedded in the general economy that it cannot be completely immune to a general downturn/recession/depression.
All the detail, comment on the Winners and Laggards and the View on the Future Outlook in our Review of Share Performance in Sept 21 on HotViews Extra available to all subscribers including HotViews Premium.
Why not join them for just £395pa?
For more details CLICK HERE
Posted by Richard Holway at '19:19'
This year’s UK Public Sector Software and IT Services Suppliers, Trends and Forecasts report is now available. It serves as an introduction to the in-depth subsector-level reports, which will be published shortly.
The report consolidates TechMarketView’s analysis of the public sector market in 2020, which grew more strongly than we predicted last year. When we were formulating our estimates last year, we were relatively early in the pandemic and the impact on public sector organisations and their suppliers was only just emerging. As the year progressed, spend on digital, particularly in healthcare and central government, accelerated resulting in impressive growth over the year.
The report also forecasts how the market will perform over the period 2021-24, with 2021 set to be another strong year of growth. Many of the barriers to cloud adoption that existed before 2020 have disappeared and, despite growth not returning to the peak of 2020 and 2021, we will continue to see the rapid adoption of new digital services throughout the forecast period to 2024.
And finally, the report contains an update to our UK public sector SITS Top 20 supplier rankings based on the latest available financial information (as at end of June 2021). Top 20 rankings for central government and Top 10 rankings for each of the remaining subsectors (local government, health, education, police and defence) are also provided.
Over the next few months, we will be publishing in-depth analysis of Suppliers, Trends and Forecasts 2021-2024 at a subsector level. These reports will combine market trends and forecasts, and supplier rankings for each of the six subsectors we track; we start with Central Government, which is also published today.
PublicSectorViews’ subscribers can find out the size of the public sector market, its growth forecast, and who the leading suppliers are by download the research today. If you are not yet a subscriber, or are unsure if your company has a subscription, please contact Deb Seth to find out how you can access the research.
Posted by Dale Peters at '07:30' - Tagged: rankings government market+trends public+sector
Just published, UK Central Government Software & IT Services Market: Suppliers, Trends, & Forecasts 2021-24 is the first in our series of reports providing a deep dive view of the six public sector subsectors from both a market and supplier perspective. This report – and the others focused on local government, health, education, police, and defence (which will be published in the coming weeks) – should be read in conjunction with our overview report also just hitting your desks (UK Public Sector Software and IT Services: Suppliers, Trends and Forecasts 2021-2024).
In this central government report, PublicSectorViews subscribers will find TechMarketView’s Top 20 central government SITS rankings for 2020, as well as our view of those suppliers that are ‘on the rise’ and, therefore, threatening to unseat the leading players, and a handpicked selection of suppliers that are worth keeping a close eye on, due to their renewed interest in the sector, recent successes, or differentiated approach.
Subscribers will also find our latest forecasts for the UK central government SITS market. Our view of 2020, and our forecasts through to 2024, are based on our proprietary Digital Evolution Model (DEM). The model provides a view of the market by the ‘New’ - digital, platform and cyber security-led offering, and ‘Heritage’ - offerings focused on traditional systems and processes. We also provide finer granularity by including data for the four primary groupings in DEM, namely Consulting, Solutions, Operations and Software.
PublicSectorViews subscribers can download UK Central Government Software & IT Services Market: Suppliers, Trends, & Forecasts 2021-24 now. If you are not yet a subscriber or are keen to work out how to access our behind-the-paywall research, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '07:30' - Tagged: centralgovernment software forecasts itservices suppliers legacy digital market+trends public+sector
