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This week, TechMarketView released its annual Market Trends and Forecasts 2023 report for Foundation Service members.
Several months in the making, the report draws on TechMarketView’s unique combination of data and analysis, but also its relationships within the UK market.
We would therefore like to extend a special thanks to the CIOs, CTOs, CEOs, CFOs and their respective teams for their time and invaluable inputs during the research process.
This year’s analysis is FASCINATING. It shows that in 2022 (the last full year of analysis), the market grew at its fastest rate for more than a decade - up 12.2% to £67.7bn. Furthermore, over the course of the next three years, spend on digital products and services will increase from c.56% of the market today to c.72% of the total UK SITS market in 2026.
For those of you that want to get straight to the heart of the data model, go to UK SITS Market Forecasts 2023 (Excel) and get stuck into the numbers to understand how TechMArketView sees the various market segments unfolding.
Market Trends and Forecasts 2023, and its sister report, UK SITS Supplier Rankings 2023, are ONLY available to members of our Foundation Service Programme.
Posted by HotViews Editor at '09:15' - Tagged: software marketdata
Out today is TechMarketView’s annual and unique take on the suppliers that serve the UK Software and IT Services market.
UK SITS Supplier Rankings 2023, available only to members of our Foundation Service research programme, shows that based on financial data for the last full financial year, we have a new player in the number one position: Amazon Web Services (AWS).
The hyperscaler last year held the number two spot behind TCS, which continued to perform well over the period analysed. However, high double-digit performances from AWS and Accenture alike, mean the Top 3 have been ‘shuffled’.
UK SITS Supplier Rankings 2023 is not just about the largest players in the market. It ‘slices and dices’ supplier data to understand the performance of Top 60 largest players, and takes in many segments of the market. In total, analysts have analysed hundreds of companies.
So who has done well and why? Who is there to be beaten? And who has had a stinker of a year?
UK SITS Supplier Rankings 2023 reflects months of work by our analysts, who have undertaken many conversations with company leaders, and raked through 10Ks, Company House reports, and other account filings to create estimates and analysis that you simply will not find anywhere else.
UK SITS Supplier Rankings 2023 is the sister report to Market Trends and Forecasts 2023. Our Foundation Service clients can read them together to get an unparalleled multi-dimensional view of the UK Software and IT Services scene as it looks today and how it is forecast to evolve in the coming years.
If you would like access to the Foundation Service programme, please contact Deb Seth.
Posted by HotViews Editor at '08:00' - Tagged: rankings
TechMarketView is delighted to today launch its annual and much-anticipated Market Trends and Forecasts 2023.
Several months in the making, the report draws on TechMarketView’s unique combination of data and analysis, but also our relationships within the UK market. We would therefore like to extend a special thanks to the CIOs, CTOs, CEOs, CFOs and their respective teams for their time and invaluable inputs during the research process.
This year’s analysis is FASCINATING. It shows that in 2022 (the last full year of analysis), growth hit its highest level for more than a decade.
Furthermore, the new market analysis also reflects how the UK’s ongoing productivity crisis will drive strong demand for tech investments in multiple areas through our forecast window.
TechMarketView's proprietary Digital Evolution Model (DEM) provides breadth and depth of understanding across the many aspects of the Software and IT Services market and can be downloaded separately by clients. For added depth of insight, we also provide data across all the major industry sectors, including Public Sector where TechMarketView is a key advisor.
TechMarketView’s team of UK analysts uses a unique and carefully developed research methodology; we pride ourselves on our rigour and market knowledge, along with our ability to decipher complex trends and provide clear advice to our clients.
Read the report or take one of our engagements to find out what the current market trends mean for your organisation and how you can ensure you thrive. Market Trends and Forecasts 2023 is ONLY available to members of our Foundation Service Programme. To check whether your organisation has access, please contact Belinda Tewson. To join our Foundation Service, please contact Deb Seth.
Posted by HotViews Editor at '07:30' - Tagged: research MarketForecasts marketdata
Judging by our mail bag and requests for previews, there is great anticipation ahead of the launch of our latest and completely refreshed Software and IT Services UK market data!
LAUNCHED TOMORROW, Market Trends & Forecasts 2023 is a significant undertaking, drawing on a large range of data points and research interviews. TechMarketView’s team of analysts use a unique and carefully developed research methodology; we pride ourselves on our rigour and market knowledge, along with our ability to decipher complex trends and provide clear advice to our clients.
As well as getting a comprehensive view of the current market scene, our analysis will help you understand how we expect to see the markets evolve in coming years.
TechMarketView’s unique Digital Evolution Model (DEM), provides depth of insight across the Consulting, Solutions, and Operations segments of the market. It also provides UK market and growth data for Cybersecurity.
For added depth of insight, we provide data for all the major industry sectors, including Public Sector where TechMarketView is a key advisor.
To make sure you can access the most comprehensive analysis of the UK market when it is launched tomorrow, make sure you’re a member of our Foundation Service programme.
Contact Deb Seth for more information.
Posted by HotViews Editor at '06:45' - Tagged: research data marketdata
AI offers significant opportunities to address some very real business challenges. However, the explosion of hype around ChatGPT threatens to potentially distract from the progress that is being made in that regard. Similarly, the understandable risks and concern associated with “black box” type AI propositions (where it is almost impossible for the user to evaluate the process), has the potential to tar this whole area of technology with the same brush.
Of course, not all AI is opaque and risk-laden. In fact currently, some of the most persuasive offerings out there are in the field of Explainable AI (or XAI as it is increasingly called). Indeed regulators are increasingly mandating that institutions be able to explain automated decisions that affect their customers.
TechMarketView subscribers, including UKHotViewsPremium customers, can learn more by downloading XAI helps banks avoid the hype and focus on their business challenges. This latest UKHotViewsExtra discusses some of the parallels between AI and the emergence of other potentially transformative technologies and highlights real-world use cases that are emerging from within financial services.
If you do not currently have access to this material and would like to learn more about this or any other of our services, please contact Deb Seth for more infoirmation.
Posted by Jon C Davies at '07:00' - Tagged: financialservices XAI
Last night we celebrated UK tech entrepreneurship at the 11th Enterprise Awards dinner in the magnificent Drapers Hall, London. TechMarketView is honoured to be a long-time supporter of the Awards, known as ‘the Oscars for Technology Entrepreneurs’, which was founded by John O’Connell in 2011 to recognise high achievers in the UK technology sector.
The calibre of nominations for the 2023 Awards was as high as ever and the judging panel, which I had the pleasure of chairing, had a very challenging job selecting the finalists and the winners. Many congratulations to all of those shortlisted – it was lovely to see so many of you there last night and share in your celebrations.
And, of course, our particular congratulations to the Award winners, who were:
Green Tech Entrepreneur – Mike Woodhall of Chameleon Technology
Public Sector Entrepreneur – Clare Elford of Clue Software
Social Enterprise Entrepreneur – Chris Quickfall of Cognassist and Hellen Bowey of Alcove
Emerging Entrepreneur – Zandra Moore of Panintelligence
Developing Entrepreneur – Simon Hill of Wazuko
Scaleup Entrepreneur – Nate Burke of Diginius
Enterprise Entrepreneur – Christian Nentwich of Duco
The Judges’ Choice Award 2023 – which recognises a CEO for their success at leading and growing a UK tech company over many years and being a role model for others in the industry - was awarded to Brendan Mooney, CEO of Kainos. Brendan, who coincidentally announced earlier this week that he was completing his term at the helm of Kainos this summer after 22 years as CEO, was a very worthy winner. Under his leadership, the Belfast-based company has continued to go from strength to strength, achieving impressive growth of 20% last year on turnover of some £375m.
In addition to celebrating the success of the UK’s inspiring tech entrepreneurs, the evening raised funds for a WCIT nominated charity supporting disadvantaged children with tech, with the raffle alone raising more than £6,000.
Thank you to all of you that joined us for the evening and gave so generously and congratulations again to all the finalists and award winners!
Posted by Tola Sargeant at '08:57' - Tagged: event entrepreneurship
TechMarketView’s report Greater Manchester Police: Pursuing Productivity Through Digital Transformation is now available.
Greater Manchester Police (GMP) has faced significant challenges in the process of its digital transformation. Problems associated with the implementation of a new Records Management System (RMS), which was launched in 2019, undermined its operational performance and resulted in widescale media coverage. However, in recent years, GMP has made positive progress, with a fresh approach, new systems successfully implemented and a renewed confidence in the digital strategy across the force.
This report reviews the history of digital transformation at GMP, discussing the troubled iOPS implementation and its impact on the organisation. It looks at the positive progress GMP has made in recent years through a new approach to digital transformation and how this has contributed to His Majesty's Inspectorate of Constabulary and Fire & Rescue Services (HMICFRS) removing the force from enhanced monitoring. It also reviews the reasons behind these successes e.g., engaged leadership, industry partnership and a focus on interoperability and user experience.
GMP provides an important case study that will deliver UK police forces and its suppliers with an example of how the pursuit of productivity and innovation in policing can be successfully achieved despite the perceived barriers to digital transformation in the sector (see Police Software & IT Services Suppliers, Trends & Forecasts 2022-25 for more detail on the trends in PoliceTech).
PublicSectorViews suppliers can read Greater Manchester Police: Pursuing Productivity Through Digital Transformation today. If you are not yet a subscriber, or are unsure if your organisation has a corporate subscription, please contact Deb Seth to find out more.
Posted by Dale Peters at '10:00' - Tagged: police agile automation interoperability law+enforcement public+safety digital+transformation policetech
Judging by our mail bag, there is great anticipation ahead of the launch of our latest and completely refreshed Software and IT Services UK market data!
Market Trends & Forecasts 2023 is a significant undertaking and draws on a large range of data points and research interviews. TechMarketView’s analysts use our unique and carefully developed research methodology; we pride ourselves on our rigour and market knowledge, along with our ability to decipher complex trends and provide clear advice to our clients.
For added depth of insight, we provide data for all the major industry sectors, including Public Sector where TechMarketView is a key advisor to buyers and suppliers alike.
To make sure you can access the most comprehensive analysis of the UK market when it is launched on 28th June, make sure you’re a member of our Foundation Service programme.
Posted by HotViews Editor at '09:30' - Tagged: forecasts marketdata
As our analysts put the finishing touches to this year’s TechMarketView Supplier Rankings report, our clients can once again look forward to some world class analysis.
Out on 29th June, Supplier Rankings 2023 is not ‘just’ a list of the largest suppliers of Software and IT Services to the UK.
It reflects months’ worth of analysis, with experts undertaking many conversations with company leaders, raking through 10Ks, Company House reports, and other account filings to create an analysis of the UK that you simply will not find anywhere else.
The trusted and privileged position of our analyst team means TechMarketView has created for you (clients of our Foundation Service research programme) an unparalleled multi-dimensional view of our industry.
Who has done well and why? Who is there to be beaten and who has had a stinker of a year?
Furthermore, we can reveal that this year, we have a new leader in our Top 60 ranking of the largest players by revenue. We can’t reveal who that is just yet, so stay tuned for the report launch on 29th June.
Posted by HotViews Editor at '10:00' - Tagged: research SupplierAnalysis
The Secretary of State for Science, Innovation and Technology, Chloe Smith, used her keynote speech on day 3 day of London Tech Week to set out the Government’s plans for a series of measures designed to beef-up the UK’s emerging technology sector (principally AI).
This includes £54m package of investment in AI and data science, delivered to universities through UK Research & Innovation (UKRI); the launch of a new UK Geospatial Strategy (bringing together satellite imaging, AI, and real-time data); and a pilot programme to accelerate new research ventures with industry, philanthropic organisations and the third sector (backed by up to £50m in government funding).
In UKHotViewsExtra – Government announces £54m for "trustworthy" AI research subscribers to TechMarketView research services can learn about the many funding initiatives announced at London Tech Week, how they’re coming together under the DSIT’s UK Science and Technology Framework, and why now the combo of data, ethics, and AI as a focus for research.
If you are a TechMarketView subscriber you can access the research now: UKHotViewsExtra – Government announces £54m for "trustworthy" AI research. If you are not yet a subscriber, or are unsure if your organisation has a corporate subscription, please contact Deb Seth to find out more.
Posted by Craig Wentworth at '10:26' - Tagged: funding ethics london tech week
We are delighted to give a very warm welcome to Mastek as they are supporting ‘An Evening with TechMarketView’ 2023 this September as a Premier sponsor.
Mastek is an enterprise digital and cloud transformation specialist that engineers excellence for customers across 40 countries, including the UK, Europe, US, Middle East, Asia Pacific and India. They help enterprises navigate the digital landscape and stay competitive by unlocking the power of data, modernising applications and accelerating digital advantage for our customers.
We are particularly pleased to have Mastek supporting our ninth annual Evening with TechMarketView event, which is themed around Pursuing Productivity.
Over 200 of UK tech’s ‘great & good’ are expected to attend the evening event which has become a popular fixture in the tech calendar and has been described by attendees as “the best networking event in the industry”. We will be gathering at the magnificent Royal Institute of British Architects (RIBA), in Portland Place London, from 6.30pm on Thursday 21 September.
If your organisation is interested in joining Mastek - and Grayce and Aqilla - as an event sponsor, you’ll find more detail on available packages here, or contact Deb Seth (dseth@techmarketview.com) to learn more.
And if you have yet to book your tickets, you can secure your place now here.
Posted by TMV Team at '08:30' - Tagged: event
techUK held its biannual Technology Led Decarbonisation Showcase in London recently, giving suppliers the opportunity to explain their wares to businesses (particularly an SME audience) looking to better understand how to measure, report, and reduce their carbon emissions.
In UKHotViewsExtra - Carbon accounting the focus of techUK's showcase subscribers to TechMarketView research services can learn about the offerings presented on the day – many of which with a focus on the carbon accounting cycle (measure & understand, report & communicate, reduce & offset) – and why these tools are growing in importance to organisations of all sizes, in all sectors.
If you are a TechMarketView subscriber you can access the research now: UKHotViewsExtra - Carbon accounting the focus of techUK's showcase. If you are not yet a subscriber, or are unsure if your organisation has a corporate subscription, please contact Deb Seth to find out more.
Posted by Craig Wentworth at '09:14' - Tagged: GHG
Taking a table or two at An Evening with TechMarketView is a fantastic way to entertain your key clients and prospects; bring your team together in person for some high-quality networking (including with each other!); or reward your rising talent with an enjoyable and informative evening.
A highlight of the UK tech calendar, TechMarketView’s flagship event returns for its ninth year on 21 September 2023. We’re expecting over 200 senior executives to join us at the Royal Institute of British Architects (RIBA) in London, for an evening that combines first-class networking with peers and prospects over drinks and dinner, with an opportunity to absorb insight on the latest tech trends directly from our analyst team and expert guest speakers.
This year the event will draw on TechMarketView’s ‘Pursuing Productivity’ research theme, exploring ways in which tech can be used to respond to the UK’s productivity crisis. Hear how leaders across the public and private sectors are already turning to technology to help their organisations get more out of the graft they put in. Understand which technology providers are being the most successful in supporting their customers on that mission. And look to the future with us, as we navigate how technologies, including AI, data analytics and automation, as well as those focused on the evolving world of customer and employee experience, are set to play a crucial role.
TechMarketView subscription and advertising clients (including our UKHotViews Premium subscribers) benefit from discounted ticket pricing and prices are held at 2022 rates, so book early to avoid disappointment!
BOOK YOUR TICKETS HERE.
If you’re unsure whether your organisation qualifies for the client price, please contact us to double-check before booking: info@techmarketview.com.
With thanks to our sponsors for the evening -
Posted by TMV Team at '08:15' - Tagged: event
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.
Posted by HotViews Editor at '06:00' - Tagged: offshore
Every year at the end of June, TechMarketView releases its completely refreshed forecasts for the UK Software and IT Services market.
To make sure you can access the most comprehensive analysis of the UK market when it is launched on 28th June, make sure you’re a member of our Foundation Service programme. Contact Deb Seth for more information.
Posted by HotViews Editor at '09:30' - Tagged: forecasts research marketdata marketanalysis
We are delighted to welcome Grayce as a sponsor of ‘An Evening with TechMarketView’ 2023!
Grayce was founded in 2012 with a belief in the value that emerging talent can bring to businesses. It aims to be the best fast-track developer of top graduate talent, enabling improved diversity of thought and delivery in digital transformation and change.
Grayce works with organisations nationwide to help them build sustainable talent pipelines in change and transformation, data analysis and tech. They passionately believe their curious graduates are a key part of the answer to the digital change talent demand equation.
They are also proud to have been recognised in the FT 1000 Europe's Fastest Growing Companies list and have been awarded for the Best Inclusion and Diversity Initiative at the UK Company Culture Awards 2022.
We are particularly pleased to have Grayce supporting our ninth annual Evening with TechMarketView event, where digital talent will be high on the agenda, which is themed around Pursuing Productivity.
We will be gathering at the magnificent Royal Institute of British Architects (RIBA), in Portland Place London, from 6.30pm on Thursday 21 September. Over 200 of UK tech’s ‘great & good’ are expected to attend the evening event which has become a popular fixture in the tech calendar and has been described by attendees as “the best networking event in the industry”.
If your organisation is interested in joining Grayce - and Aqilla - as an event sponsor, you’ll find more detail on available packages here or contact Deb Seth (dseth@techmarketview.com) to learn more.
Posted by TMV Team at '09:40' - Tagged: event
Live now is TechMarketView’s most recent analysis of the key trends and dynamics in the UK Infrastructure Operations market.
Authored by Kate Hanaghan, Chief Research Officer, “Infrastructure Operations: Market Trends and Forecasts” explains TechMarketView’s latest market size and growth data and provides expert analysis of the key trends shaping this exciting area of IT Services.
Infrastructure Platform services continue to expand as a share of the total market, with important implications for hyperscalers and their partner ecosystems. Indeed, such is the position of the hyperscalers, that Ofcom recently said it was “concerned” about Microsoft and Amazon Web Services.
“Infrastructure Operations: Market Trends and Forecasts” provides recommendations and considerations for how suppliers should approach the market to maximise their success against a backdrop characterised by both complexity and opportunity.
Who should read the report?
If you would like a more customised view of your company’s position, please contact the author.
Contact Deb Seth if you are not a TechSectorViews client and would like to access the report.
Posted by HotViews Editor at '09:30' - Tagged: cloud research
Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector declined again in Q1 2023, remaining considerably lower than the peak level of activity seen in 2021 and early 2022. 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 83 acquisitions by and 107 sales of UK SITS companies in Q1 2023, compared to 96 and 109 respectively in Q4 2022. This data includes deals announced, as well as those closed. However although these figures represent a drop in activity relative to the pandemic peak in 2021/22, they are in line with pre-Covid deal volumes.
Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q1 2023 edition of IndustryViews Corporate Activity.
Posted by Tania Wilson at '10:02' - Tagged: M&A acquisitions
TechMarketView prides itself in developing a clear understanding of complex market challenges. So far in 2023, our clients have been able to access a range of research outputs that take difficult topics – and emerging market areas – and create insightful market data and analysis you won’t find anywhere else.
Examples of Q1 data-led research from our TechSectorViews programme include:
Data Insights is available to our clients as part of an exciting set of new research formats for 2023:
See here for more recent research examples, all of which aim to tackle complex concepts and markets and produce analysis that is easy to understand and apply to your own business:
Don't miss out on gaining the competitive edge. For more information on becoming a client, speak to Deb Seth.
And, as ever, if you would like to understand the specific implications for your own organisation, contact Chief Research Officer, Kate Hanaghan, about an engagement.
Posted by HotViews Editor at '11:15' - Tagged: research marketanalysis competitivelandscape
