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TechMarketView’s 2022 release of the Enterprise Software Market Trends & Forecasts report is now available.
In this report, eligible TechMarketView subscribers will find our analysis of the performance of the UK Enterprise Software market in 2021 when the sector tipped into double digit percentage growth. You’ll also see our latest data on market size and growth forecasts out to 2025 which include the likely impacts of the latest disruptive events.
‘Living with COVID’, macroeconomic challenges, geopolitical disruption, Brexit and the drive towards sustainability continue to drive buy-side investment in Enterprise Software. Heightened investment supports the ongoing digital transformation programmes that are key to dealing with the challenges of the period but there has been a meaningful shift as serial and overlapping disruptive changes sparked a switch from reactive to proactive modes of operation by enterprises.
Looking forward, the Enterprise Software market will be dominated by the three ‘Cs’ of Cloud, Continuity and Courage as enterprises commit to build resiliency. While software plays a critical part in resiliency, the contribution of the human workforce should not be underestimated when it comes to helping organisations flex through challenging times.
This report is the companion to Enterprise Software Suppliers Rankings 2022, which highlights how the leading suppliers to the UK market have performed.
Eligible TechMarketViews subscribers can download Enterprise Software Market Trends & Forecasts 2022 today.
If you are not a subscriber to our services and would like to find out more, please contact Deb Seth.
Posted by Angela Eager at '16:07' - Tagged: software trends forecasts resilience
There's only a few weeks to go before An Evening with TechMarketView returns to London’s Royal Institute of British Architects (RIBA) from 6.30pm on 22 September and we can't wait to see so many of you together in person at the event after a two-year hiatus.
If you haven’t booked your ticket yet, it’s not too late. There are a few spaces left for those of you who like to leave things until the last minute, but we’d recommend you don’t leave it any longer!
The informal event is an excellent opportunity to network with CXOs from across the UK tech sector with both the Welcome Drinks Reception, supported by InterSystems, and the lovely three course dinner, providing ample time to catch up with peers and make new connections amongst the 200+ leaders attending.
Between drinks and dinner, you’ll spend an hour hearing from TechMarketView’s expert analysts and our guest speakers. The agenda includes a series of short presentations from TechMarketView research directors; a fireside chat with Dr Andrew Rogoyski, Surrey Institute for People-Centred AI; and a panel debate themed around Building Resilience and featuring guest appearances from Melissa McBride, CEO, Sophia Technologies and David Moran, Digital Strategy & Transformation, Arup Digital UK.
See our website for more details of the event and book your place via our event management partners tx2events before it’s too late.
(Don’t forget, if you’re a TechMarketView subscription client, or subscribe to UKHotViews Premium, you qualify for the discounted ticket price.)
With grateful thanks to our sponsors - InterSystems, Computacenter, University of Surrey, Aqilla and ScaleUp Group.
Posted by TMV Team at '08:00'
The unspoken promise I make to all entrepreneurs is that if they think I’ve got the wrong end of the stick when I write about their business they should just give me a call.
I get many calls.
But very few because I got the wrong end of stick. It’s usually because there’s much more to the story than is in the public domain. I feel privileged that founders allow me a ‘peek under the kimono’ not generally afforded to other analysts, strictly on a ‘not for publication’ basis.
Hence the chat I had with Sophie and Dave Smallwood, the ‘Mrs. & Mr.’ founders and co-CEOs of London-based job-sharing marketplace Roleshare which I wrote about the other day (see Host of angels bless job share recruiter Roleshare with further funding).
My ‘lightbulb moment’ on the call was when Dave said this: “We are the only platform in the world today where two people can apply for one job.”
And I think there’s good reasons why!
TechMarketView subscription service clients and UKHotViews Premium subscribers can read about my chat with Mrs and Mr Smallwood and the challenges for Roleshare on UKHotViews Extra.
Posted by Anthony Miller at '20:16' - Tagged: funding startup recruitment
There's less than a month to go before An Evening with TechMarketView returns to London’s Royal Institute of British Architects (RIBA) from 6.30pm on 22 September and we can't wait to see so many of you together in person at the event after a two-year hiatus.
Posted by TMV Team at '13:27'
We are excited to announce a new partnership between TechMarketView and the University of Surrey’s Surrey Institute for People-Centred AI. The alliance will see both organisations work closely together to help bridge the gap between academia and industry and enable the cross-fertilisation of research in AI.
Launched in November 2021, the Surrey Institute for People-Centred AI is taking a new research approach that puts people at the heart of AI, augmenting human capabilities to deliver an inclusive and responsible force for good. The institute brings together the University of Surrey’s core AI-related expertise in vision, speech and signal processing, computer science, and mathematics, with its domain expertise across engineering and physical sciences, human and animal health, law and regulation, business, finance and the social sciences.
Through the course of the partnership, TechMarketView will be working closely with the Surrey Institute for People-Centred AI on research into areas of joint interest in AI, as well as supporting the organisation in furthering its understanding of AI activity in the market and industry problems that could be solved with AI.
As part of the alliance, we are also delighted to have the Surrey Institute for People-Centered AI supporting our annual ‘Evening with TechMarketView’ event on 22 September and the Institute’s Dr Andrew Rogoyski joining us as a guest speaker.
If you haven’t booked your ticket to the TechMarketView Evening yet, don’t wait any longer as places are limited – see here for details.
Posted by Tola Sargeant at '11:42' - Tagged: partnership event
The vendor landscape for cybersecurity is a crowded one, with numerous managed services providers and a myriad of company’s providing point solutions ranging across extended detection and response (XDR), Identity and access management, IoT security and AI driven threat detection, to name but a few. So, any startups that can find themselves a niche, and grow successfully, are clearly on the right path.
One such company I recently caught up with was Cirencester based Core to Cloud. Founded in 2015 by James Cunningham and Mark Liddle, the company provides a range of cybersecurity services to organisations across both the Public and Private sector. They utilise a range of unique international and UK based partners they believe offer innovative and cost-effective security solutions. For some of these Core to Cloud were the first to offer these services to UK organisations.
Some of these partners include Vectra, a US based cybersecurity provider of NDR (Network Detection and Response), Cylera who specialise in cybersecurity for hospitals, Pentera, an Israel HQ’ed vendor which provides a solution that simulates the thoughts, movements, and actions of a skilled team of hackers and Immersivelabs, a UK organisation that provides an interactive and gamified training platform.
Acting as a reseller of these security solutions, as well as others, has grown Core to Cloud’s business to around £10m in revenue and it is now looking towards external funding to further scale the business.
TechMarketView subscription service clients and UKHotViews Premium subscribers can read more details about Core to Cloud on UKHotViews Extra
Posted by Simon Baxter at '16:26' - Tagged: cybersecurity
Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector held firm during Q2 2022, despite fears of an economic slowdown. This is according to data from Silverpeak, the mid-market technology specialists that represent European growth businesses in M&A and financing transactions. There were 124 acquisitions by and 132 sales of UK companies in Q2, compared to 111 and 123 respectively in Q1. This data includes deals announced in the quarter, as well as those closed.
The data for Q2 illustrates the changing landscape of SITS M&A in the UK, with an increasing number of publicly-listed entities acquired, compared to Q1. We are likely to see this trend continuing until there is a sustained improvement in the performance of tech stocks on quoted markets, as private buyers seek attractive listed acquisition targets.
Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q2 2022 edition of IndustryViews Corporate Activity.
Posted by Tania Wilson at '15:30' - Tagged: acquisition M&A
In 2021, banking initiatives accounted for the largest proportion of SITS spend of any of the major sectors within UK financial services. The market returned to strong growth after the hiatus of 2020 as demand for technology modernisation and business transformation saw expenditure increase at an almost unprecedented rate.
The events of the past two years appear to have significantly altered the dynamic and, despite the parlous state of the UK economy, prospects remain generally good. Whilst there are a number of other potentially inhibiting factors, growth forecasts throught to 2025 paint an encouraging picture for those vendors with the most in demand offerings.
Banking Sector SITS Trends & Forecasts 2022 explores the major business and technology trends impacting the sector and provides detailed forecasts for expenditure through to 2025.
Subscribers to TechMarketView's FinancialServicesViews research stream can download this report now. If you are a SITS vendor or active in the banking sector, this report provides essential reading.
If you do not currently have access to this report but would like to learn more about this, or any other of our financial services content, please contact Deb Seth for more information.
Posted by Jon C Davies at '07:59' - Tagged: banking
In Q4 2022 Cisco reported total revenue was flat at $13.1bn, with both product revenue and service revenue flat yoy. Cisco continues to make progress in its shift to more software and subscription-based revenue with Annual recurring revenues (ARR) of $22.9bn, an increase of 8%, with product ARR growth of 13% driven by several large software transactions closing during the quarter. Total software revenue was $3.9bn, a decrease of 2%, with software subscription revenue up 1%. Geographically Americas was down 3%, EMEA up 8%, and APJC down 2%.
Within product revenue, Secure Agile Networks was down 1%. Switching declined in both data center and campus driven by supply constraints. ‘Internet for the future ‘was down 10%. End-to-end security had record revenue with strong growth of 20%, driven by strength across the entire portfolio. Optimized application experiences had solid growth of 8%, driven by double-digit growth in their SaaS-based offering, ThousandEyes
For FY22 Total revenue was $51.6bn, an increase of 3% with Net Income of $11.8bn, an increase of 12%, despite significant supply constraints, rising component, and related costs, and the war in Ukraine. After a challenging April due to the COVID-related shutdowns in Shanghai, and the impact on semiconductor and power supplies, overall supply constraints began to ease slightly at the back half of Q4 and continuing into the start of Q1.
For Q123 Cisco expects yoy revenue growth of between 2-4%, and between 4-6% yoy growth for FY23.
TechMarketView subscription service clients and UKHotViews Premium subscribers can read more details about Cisco on UKHotViews Extra
Posted by Simon Baxter at '09:57' - Tagged: networks
TechMarketView’s UK Defence Software and IT Services (SITS) Suppliers, Trends, and Forecasts report is now available. It is the second of six subsector reports that follow our UK Public Sector Software and IT Services Suppliers Trends, and Forecasts report, which was published in July (see here).
We have already published our subsector report on the UK central government market (see here). In the coming weeks we will also publish subsector reports for the remaining public sector subsectors as defined by TechMarketView: local government, health, education, and police.
In this report you will find our analysis of the performance of the UK defence market in 2021, a year in which the market reached double-digit percentage growth. We then look at the years ahead (2022-2025) to determine the likely impact of recent developments, including the war in Ukraine.
The report also contains an update to our UK defence SITS Top 10 supplier rankings, with our analysis of what is driving each player’s performance, as well an insight into those suppliers that are threatening to unseat the leading players, and our pick of the ‘ones to watch’, i.e., companies that look to be making some interesting moves to take a share of Ministry of Defence spend.
Later in the year, we will publish an in-depth analysis if the trends impacting the defence SITS market and the opportunities that we think are set to transpire for suppliers working in the subsector.
PublicSectorViews suppliers can find out the size of the UK defence SITS market, its future growth, and who the leading suppliers are by downloading Defence Software & IT Services Suppliers, Trends & Forecasts 2022-2025 today.
If you are not yet a subscriber, or are unsure if your organisation has corporate subscription, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '08:59' - Tagged: defence forecasts suppliers market+trends public+sector
Our UK SITS Consulting Supplier Ranking report for 2022 is now available by clicking here. It features the UK Top 20 UK Software & IT Services (SITS) Consulting supplier ranking, by revenue.
2021 saw a surge in demand for SITS Consulting services in the UK as enterprises of all hues increasingly sought external advice as they raced to enhance their resilience on multiple fronts. Answering the question of how best to do this at pace provided an unprecedented opportunity for SITS consultancies large and small. The market acceleration which began following the initial COVID lockdown gathered momentum during the succeeding months driving sales of these offerings here up by some 13% yoy last year to just shy of £3.5bn.
At a headline level, the Top 20 UK SITS Consulting suppliers grew significantly faster than the sector as a whole in 2021. Stripping out the impact of acquisitions, however, this community saw their combined revenues rise broadly in line with the improvement in demand for the sector as a whole. There were, nonetheless, both big winners and significant losers in the battle for market share in this arena last year. The new report both details the variations in performance across the Top 20 Consulting suppliers and highlights the factors impacting the market during 2022 and beyond.
Subscribers to TechMarketView's TechSectorViews research stream can download the UK SITS Consulting 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 Duncan Aitchison at '07:52' - Tagged: consulting rankings suppliers newresearch
Our new UK Solutions Supplier Ranking report for 2022 is now available for download and contains the Top 20 UK supplier ranking by revenue for the UK Software & IT Services (SITS) Solutions market.
The pandemic highlighted how many organisations were unable to fully function in the event of a crisis. Organisations needed to increase their resilience across a broad range of areas including operations, compliance, service delivery, customer service, skills and people, and partners. This has stimulated a wave of investment in digital technologies that has seen the UK Solutions market remain buoyant since the second half of 2020.
The super charged investment in cloud has been a key outcome, as organisations seek to ensure they have the necessary infrastructure ‘plumbing’ in place to support this over time - and at scale. By working through the components that need to be in place to enable an organisation to digitise, business leaders have started to ensure the various aspects of their organisations are ‘watertight’ for coming years.
The UK Solutions market contains a diverse range of suppliers, from the very largest Systems Integrators through to multi-service consultants to smaller digital solution specialists. This report contains the Top 20 Supplier Ranking (by revenue) for the UK Solutions market. It is part of a series of reports assessing market and supplier performance that includes Solutions Market Trends & Forecasts and Supplier Snapshot reports, due for publication later in 2022.
Subscribers to TechMarketView's TechSectorViews research stream can download the research — UK Solutions Supplier Rankings — 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 Marc Hardwick at '08:26' - Tagged: newresearch Solutions
TechMarketView’s new Market Trends & Forecasts 2022 report shows the UK Software and IT Services market hit growth of 9.3% in 2021 – the highest for many years. But as we continue to live through uncertain times, what is likely to happen to market opportunities this year and beyond?
Georgina O’Toole, Chief Analyst at TechMarketView, commented: “The geopolitical environment and macroeconomic picture have pushed digital transformation higher up the agenda of many end user organisations. Investment in tech is seen as one way for organisations to become more resilient - from investing in AI and automation to mitigate against skills shortages, to investing in supply chain management technologies to provide better data analytics and visibility, to investing in business intelligence for improved strategic and operational planning. Last year, SITS market growth rate peaked at 9.3% as a result.”
While we do not expect this rate of growth to be matched in 2022, we are predicting a consistently strong SITS market through to the end of our forecast period in 2025. Our latest Market Trends & Forecasts 2022 explains why and describes in depth the trends that are driving market behaviours.
O’Toole added: “Our 2022 Research Theme – Building Resilience – has looked more and more appropriate as the year has progressed. Uncertainty has become the norm and organisations are increasingly focused on being prepared for future – high impact – events. This is driving organisations, in both the public and private sectors, to accelerate their digital transformation programmes.”
For more than a decade, the TechMarketView Market Trends & Forecasts reports have guided buyers and suppliers as they navigate change, opportunity, and challenge. Such is the demand for our market data and trends analysis of the UK Software and IT Services (SITS) market, that since 2020 we have published an in-depth report in Summer followed by a Market Outlook Update in the Winter. Furthermore, with a current global backdrop characterised by such uncertainty, there has arguably never been a time when gaining market insight is so important.
The TechMarketView Market Trends & Forecast report has been authored by our team of market experts. It covers market forecast and growth rates to 2025 and explains market trends by services type (Consulting Solutions, Operations) and across industry sectors (both Public Sector and Commercial).
Can you afford NOT to read it?
Clients of the TechMarketView Foundation Service research programme can access the report here: Market Trends & Forecasts 2022.
If you do not have access to the Foundation Service programme, please contact Deb Seth.
Posted by HotViews Editor at '09:45' - Tagged: trends forecasts market+trends
Have you got your place booked? There's only just over a month to go before An Evening with TechMarketView returns and we can't wait to see so many of you in person at the event. Book your ticket today here.
The event will take place at the magnificent Royal Institute of British Architects (RIBA) building in London on 22 September.
As in prior years, you can expect an opportunity to mingle with your peers at the welcome drinks reception supported by InterSystems; to hear first-hand from our analysts and guest speakers through a series of short presentations, fireside chat and a panel debate; and to network over dinner with leaders from across the UK tech sector.
Join us from 6.30pm on 22 September to gain insight from – and share views with - our expert analyst team and guest speakers around the theme of ‘Building Resilience’ and what it means for the UK tech sector. For more on the evening and details of our guest speakers see our website.
Ticket sales are open and places are now limited.
To secure your place, book your table or individual tickets via our event partners tx2events today here.
If you’re unsure which tickets you’re eligible for, or you’d like details of the sponsorship packages available, please email info@techmarketview.com.
With grateful thanks to our sponsors.
Posted by TMV Team at '08:00' - Tagged: event
Tech stocks had a strong month in July - by 2022 standards at least - and the upward momentum has continued so far into August. The tech-focused NASDAQ closed on Friday 16.6% down year-to-date (YTD), compared to a low point of over 30% down YTD at mid-June. The UK FTSE Software and Computer Services (SCS) index has closely tracked the NASDAQ so far in 2022 and is now down 16.7% YTD. The broad-based FTSE 100 has also enjoyed a mini-rally in recent weeks and is now up 1.6% YTD.
All of this is in large part due to recent economic news out of the US, with inflation showing signs of easing, coming in below expectations for July. This led investors to believe that the Federal Reserve could temper the speed and magnitude of further interest rate rises. This in turn led to a rally in equities and particularly in growth stocks, which are especially vulnerable to rate rises because of the need to more heavily discount future earnings estimates.
The better-than-expected inflation news came just a few days after US employment data showing the labour market there remains hot. So, might it be that the world's largest economy is managing to bring inflation under control without triggering a recession? This is certainly the hope for markets - time will tell if it turns out to be the case.
Meanwhile, back in the UK the economic news is less promising. We await updated employment and inflation data this week. But the news on gross domestic product (GDP) posted on Friday already shows the economy contracting in the second quarter. The Bank of England is predicting a full recession by late 2022 and into 2023, as households feel the effects of inflation, which is predicted to continue to grow in the UK longer than in the US.
And as for tech stocks? Of course, 2022 hasn't been a great year so far. But taking a longer-term view, the NASDAQ is now up over 86% since the start of 2018 and - as the chart shows - up a similar amount from the start of the pandemic in March 2020. The UK FTSE SCS and FTSE 100 have fared rather less well over this time horizon. Unfortunately, the UK economic picture suggests this dispiriting performance may continue for a while yet.
Posted by Tania Wilson at '13:48' - Tagged: markets macro
It’s now over four years since we first started following Capita Scaling Partner (CSP) – Capita’s scale-up development unit – click here and read back. Since it was first set up, CSP has consistently partnered with both interesting and dynamic start-ups and scale-ups – you can read our profiles of both Distributed and Dragonfly which are both great examples. CSP’s latest partner is no exception – WithYouWithMe is an Australian-headquartered workforce technology platform provider focused on helping armed forces veterans and other overlooked groups find employment (particularly in the tech sector) through aptitude testing and digital skills training.
WithYouWithMe (WYWM)
WYWM was founded in Sydney back in 2015 by three university friends, two of whom served in the military. The business aims to help organisations fill their “digital skills gap” and has grown successfully in its domestic market having been labelled Asia Pacific’s “fastest-growing tech company” (Deloitte Technology Fast 50) and is now looking to expand internationally in other English-speaking jurisdictions.
WYWM is firmly in the “profit with purpose” camp with an offer targeted to a range of groups often underrepresented in the jobs market including military veterans, refugees, or those with neurodiverse backgrounds. The company is also aiming to introduce more women to the male-dominated tech industry.
The aim is to introduce individuals from these groups to opportunities in well-paid employment particularly in the digital/tech field by providing access via the company’s ‘Potential’ tech platform. The software provides aptitude and psychometric testing (designed to help move the recruitment process away from CV-based experience-led approaches) to match candidates with a range of digital roles. The firm then provides free training – accredited through the likes of GCHQ – to help candidates win placements with large employers (20,000+ claimed to date). Training ranges from entry-level right up to advanced courses across ten of the most in-demand digital careers, including data analytics, software development and cyber security. WYWM claims that if an individual has the aptitude and attitude that’s right for a digital career, it can train them to be proficient in under 100 hours.
TechMarketView subscription service clients and UKHotViews Premium subscribers can read more on UKHotViews Extra.
Posted by Marc Hardwick at '11:14' - Tagged: defence digital+skills
The Business Process Services market remains cyclical, strongly impacted by macro trends and developments. Some of these factors have been supportive of an outsourced model of delivery, notably skills and labour shortages with client organisations struggling to scale as they recover from the impact of the pandemic.
The labour and skills ‘pinch’ in particular, has become a driver for outsourcing at a time when many organisations are re-examining their operating models, looking to invest in digital transformation initiatives. The use of third parties remains critical to driving through such change and the most digitally able BPS providers have certainly benefited. Changing working patterns and increased use of data, analytics and automation as operations look to become both more intelligent and resilient, have also benefited BPS providers.
Subscribers to TechSectorViews can read the full analysis of who's hot and who's not, and why, in our new UK Operations: BPS Supplier Rankings report
The largest BPS operations players experienced a bounce back from COVID in 2021 with the ‘Top Twenty’ largest suppliers growing by an aggregate of 8.4%, having declined by -2.8% the previous year. Whilst headwinds such as contract attrition, insourcing, service decoupling and price competition all still exist, BPS suppliers have benefited from investment targeted towards digitising client operations, an increasing shift towards supporting revenue enhancement and the deployment of a new generation of services expanding the scope of BPS offerings.
TechSectorViews subscribers can download the report here. For information about how to access this report and find out about our other content and services please drop Deb Seth an email.
Posted by Marc Hardwick at '09:21' - Tagged: newresearch operations ranking
Our UK Application Operations Supplier Ranking report for 2022 is now available by clicking here. It features the UK Top 20 UK Application Operations suppliers ranking, by revenue.
The Application Operations (AO) market recovered quickly from the decline in 2020 to post 5.9% yoy growth and lift UK sales above £6.5bn last year. The rotation to the New remained the primary growth engine in the AO segment in 2021 with digital centric services revenues surging by over 20% yoy to account for nearly two fifths of total demand. This was driven largely by a marked increase in expenditure on both applications modernisation and migration services, coupled with the more widespread deployment of digital applications,
The Top 20 UK AO suppliers as a group significantly outperformed their smaller rivals in 2021 with the combined revenues of this Tier 1 cohort rising more than 50% faster than the sales in the market segment as a whole. The fortunes of the major players, however, varied significantly and there were both big winners and material losers in the battle for market share in this arena last year. The report both details the variations in performance across the Top 20 AO suppliers and highlights the factors impacting the market during 2022 and beyond.
Subscribers to TechMarketView's TechSectorViews research stream can download the UK Application Operations 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 Duncan Aitchison at '07:08' - Tagged: rankings applications suppliers newresearch operations
My preferred definition of ‘disruption’ as applied to an industry or market is where ‘a company or technology causes radical change by means of innovation’. ‘Innovation’ can mean a new method, idea, product, technology, etc. But note that ‘radical change’ does not imply success, let alone domination.
Entrepreneur Tom Allason dreams of disrupting the global home rental industry with his latest venture, Residently. The way he hopes to do this is by pulling together various strands of the industry to create what he believes will be the world’s first transactional home rental marketplace.
I spoke to Allason after he responded to my post on Residently's recent funding round (see Proptech Residently turfs private landlords as raises more dosh). I was confused as to what exactly he was aiming to achieve and how. Allason has an impressive track record as an entrepreneur, having founded delivery service Shutl, which he sold to ebay for ‘a nine-figure sum’.
TechMarketView subscription service clients and UKHotViews Premium subscribers can read about my chat with Allason and the challenges for Residently on UKHotViews Extra.
Posted by Anthony Miller at '12:39' - Tagged: startup PropTech
In case you missed it, TechMarketView has been exploring the area of Augmented Intelligence recently – a human-friendly approach to AI/ML where the role of the technology is to collaborate, aid and amplify human capabilities. Our latest research takes a view through an industry lens, looking at AI/ML-enabled collaborative robots - cobots - within manufacturing and their position within the emerging Industry 5.0 concept.
Cobots are a class of small form-factor AI/ML-enabled robots specifically designed to work with human operators within shared physical workspaces, participating in interactive and collaborative workflows. Built to be ‘smarter’ than traditional industrial robots, more adaptable, as well as safer and more sensitive to their environment – including their human co-workers – their role is to aid and augment human workers.
Industry 5.0, which builds on Industry 4.0 technologies, is centred on humanising technology and is an emerging production model where the focus lies on the interaction between humans and machines. It puts the wellbeing of the human workforce at the centre of the production process but also looks to the wider use of technology, for societal good and sustainability.
When you bring cobots and Industry 5.0 together new technology and industry edges and intersections are created, which equates to new opportunities for software and IT services providers.
Eligible TechMarketView subscribers can download “Spotlight on Emerging Tech: Time for AI-enabled Cobots and Industry 5.0?” for our take on this lighthouse technology that is illuminating a path to greater digitalisation within manufacturing.
If you are not a subscriber and would like to find out more about TechMarketView’s services, please drop Deb Seth an email.
Posted by Angela Eager at '08:36' - Tagged: manufacturing automation iot AI
The latest edition of OffshoreViews is now available for download by subscribers to the TechMarketView Foundation Service.
OffshoreViews includes our regular summary of the top-tier and mid-tier Indian SI reporting season, along with insightful charts showing multiyear trends for the Top Tier players and a clickable index to relevant UKHotViews posts.
Click here to download the report or contact info@techmarketview.com for further information.
Posted by TMV Team at '17:23' - Tagged: offshore
This is the first in an occasional series of backgrounders on corporate venture capital (CVC) business units associated with major UK commercial and industrial manufacturers and service providers. InMotion Ventures is the CVC arm of Jaguar Land Rover (JLR).
InMotion wasn’t born a venture capital business. It was launched in 2014 as a ‘mobility solutions’ incubator by Jaguar Land Rover (JLR) to test new developments in transportation technologies and services. This role has since been transferred to ‘sibling’ business unit Studio 107, alluding to the ‘107% Rule’ in Formula One grand prix that ensures only the fastest cars get to race. Studio 107 builds mobility businesses and solutions from scratch in collaboration with JLR and its partners.
Posted by Anthony Miller at '11:37' - Tagged: vcpe
Since taking on the role of leading TechMarketView’s Cybersecurity research in April I have been exploring the best ways to bring our readers relevant and timely insight across what is a broad and constantly changing area.
This CyberViews report is a new format we are trialling to bring together the many disparate pieces of news and data from across the market over the past few months and provide some useful insight into the current market trends and drivers. It will also look beyond the UK to global events as geographic boundaries means little to cyber threats.
This quarter we are looking at the continuing threat of Ransomware and the changes to the threat landscape with LockBit still the #1 threat, but also ransomware gang Conti abandoning its operations and dispersing into smaller threat actors.
The industrial sector still remains the prime target for cyber attacks according to data from NCC Group. Operational technologies and legacy systems are at increasing risk of attack, with Supply chain organisations now at a heightened risk level. Meanwhile Oil and Gas companies are pledging to band together to focus on building cyber resilience across the industry.
We have also seen a range of attacks during Q2, including double extortion tactics at Bandai Namco, a National emergency in Costa Rica due to a cyber incident, and attacks on logistics, food providers and housing associations in the UK. Cyber security vendors are taking full advantage of these rising threats, many growing double digits or higher.
Subscribers to TechSectorViews can read the full report here. If you are not currently a subscriber, please contact Deb Seth at dseth@techmarketview.com for further details.
Posted by Simon Baxter at '15:35' - Tagged: cybersecurity
Posted by Duncan Aitchison at '07:19' - Tagged: consulting rankings suppliers newresearch
According to a new governmental report the UK Safety Tech sector is poised to be one of the fastest growing areas of UK technology innovation, growing 21% over the last year and on course to hit £1bn by mid-2020’s.
The safety tech sector includes firms specialising in digital identity, which can be used for age verification to prevent children from being exposed to inappropriate content, as well as identity verification used as an anti-money laundering measure.
More than 115 companies across the UK are innovating in digital safety, a 17% yoy increase. Such companies continue to make world-leading advances in areas such as content moderation, age verification, digital forensics, content filtering, and in detecting and countering fraud. Safety tech companies are estimated to employ more than 2,850 staff across the UK with continued growth across multiple regions.
There has also been strong increased interest in safety tech by the investment community, with a record £63m raised in 2021 across 16 deals such as SafeToNet which raised £15m and Vault platform which raised £6m.
With the rise in fake news, increasing online transactions, workplace harassment and the ease by which young people in particular can now get online, the need for better identity and digital safety solutions is paramount.
You can read more details on this topic in our HVExtra article here which is available to TechMarketView subscription service clients and UKHotViews Premium subscribers.
Posted by Simon Baxter at '09:53' - Tagged: verification digitalidentity
Posted by Marc Hardwick at '11:58' - Tagged: report newresearch Solutions
TechMarketView’s UK Central Government Software and IT Services (SITS) Suppliers, Trends, and Forecasts report is now available. It is the first of six subsector reports that will follow our UK Public Sector Software and IT Services Suppliers Trends, and Forecasts report, which was published last week (see here). It will be followed in the coming weeks by subsector reports for the other public sector subsectors as defined by TechMarketView: local government, health, education, police, and defence.
In this report you will find our analysis of the performance of the UK central government market in 2021, a year in which the market reached double-digit percentage growth. We then look at the years ahead (2022-2025) to determine the likely impact of recent developments, including the plan to heavily cut the number of civil servants in Whitehall.
The report also contains an update to our UK central government SITS Top 20 supplier rankings, with our analysis of what is driving each player’s performance, as well an insight into those suppliers that are threatening to unseat the leading players, and our pick of the ‘ones to watch’, i.e., companies that look to be making some interesting moves to take a share of Whitehall spend.
Later in the year, we will publish an in-depth analysis if the trends impacting the central government SITS market and the opportunities that we think are set to transpire for suppliers working in the subsector.
PublicSectorViews suppliers can find out the size of the UK central government SITS market, its future growth, and who the leading suppliers are by downloading Central Government Software and IT Services Suppliers, Trends and Forecasts 2022-25 today. If you are not yet a subscriber, or are unsure if your organisation has corporate subscription, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '09:15' - Tagged: trends forecasts rankings suppliers public+sector central+government
