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TechMarketView has long had a close association with The King’s Trust.
Indeed, today marks the final day of its Future Steps challenge, which staff here have thrown themselves at this year (and we are happy to take last minute donations before the end of today!).
Yesterday, The Trust released its Youth Index for 2025. See here: The King’s Trust TK Maxx Youth Index 2025.
The report has been running since 2009 and brings together feedback from thousands of young people collating their thoughts and feelings on various aspects of their lives, including work, education, money, and health.
This year, the report shows that the overall wellbeing of young people remains low, with money and emotional health being the areas where they feel least happy and confident.
A clear theme throughout the research 
is that young people desperately want to work. However, one of the biggest obstacles preventing young people from entering the job market is poor mental health. And it’s much harder for those from a disadvantaged background.
The findings suggest that unemployment negatively affects wellbeing and confidence but this decline, in turn, makes it harder for young people to secure work. Despite this, the youngsters are not giving up on themselves. In fact, the overwhelming majority of young people (70%) feel determined to achieve their goals and that the route to improving confidence, wellbeing, and long-term prospects is meaningful employment. What they require is the right support and opportunities to make this a reality and this is where the work of The King’s Trust and its partners comes in.
If you’re reading this, it’s likely you either have a role in technology or a role at a technology firm. You’ll probably also remember what enabled you to get your foot in the door at the start of your career.
If you’re keen to understand how you can give back – either through offering up your time or by becoming a partner of The King’s Trust – please be in touch: email Kate.
Posted by Kate Hanaghan at '09:40'
The latest annual results from Temenos, published earlier this month, revealed impressive growth for the Swiss banking software provider. At the headline level, the full-year financials for the year ended 31 December 2024 highlighted an encouraging increase in revenue and a healthy sales pipeline, combined with a broadly positive trading outlook. Importantly, Temenos’ most recent set of results are the first since the arrival of the vendor’s new CEO, Jean-Pierre Brulard, and as such provider a reasonable barometer of the progress that the company’s current leadership team is making.
After what has at times been a tumultuous period for the company, Jon Davies reflects on the impact of the last twelve months on Temenos and discusses the vendor’s future prospects under the stewardship of its new leadership team.
TechMarketView clients, including HotViewsPremium subscribers, can learn more by downloading Temenos looks to maximise the opportunity. If you are interested in this HotViewsExtra or any other of our material but do not currently have access, please contact Belinda Tewson for more information.
Posted by Jon C Davies at '08:00'
- Tagged:
software
banking
Across the tabloids this morning is a story of creative industries fighting back against UK government proposals to let AI companies use copyright-protected work without permission. In protest more than 1,000 musicians - including Annie Lennox and Kate Bush - released a silent album, they say that the UK government's planned changes to copyright law would make it easier for AI companies to train models using copyrighted work without a licence.
The government’s proposal is to allow AI companies to train models on copyrighted work by giving them an exception for “text and data mining”. However, under the proposals creatives would be able to ‘opt out’ of the mining process through what ministers are calling a “rights reservation” system. The opt-out proposal has met with scepticism from opponents who say there is no evidence of a “water-tight” rights reservation process in any country.
I completely understand the fear that people have for their livelihoods, creative industries after all have already faced numerous pressures from the growing use of streaming platforms like Spotify (which pay a pittance) over purchasing CD’s, to the rising costs of touring, and the fallout from the pandemic on many event venues shutting their doors. But in many ways, this is a fight that just cannot be won, trying to slow the inexorable progress of AI seems too little and too late.
We are after all training artificial systems to think and act like humans, such systems will learn, make mistakes, copy, and create new types of content. This is really no different to the human creative process, songs are often variations on those before them, most use the same chords in slightly different sequences, and movies are often a re-imagining of fairy tales from hundreds of years ago.
What this boils down to really is who benefits financially, creative AI systems or creative humans? Can it be both, and what does this mean for the future of the creative and media industries?
TechMarketView subscribers can explore these issues further in the remainder of this UKHotViewsExtra article - available here: ‘What is the future of creative content?
If you would like to access this research but are not yet a subscriber – or you are unsure if your organisation has a corporate subscription – please contact Belinda Tewson to find out more.
Posted by Simon Baxter at '10:31'
- Tagged:
media
AI
creative
The National Data Library (NDL). The idea was first raised by the UK Government in the Labour Party Manifesto last summer (see Labour and Conservative Manifestos: tech implications | TechMarketView). Labour stated it would "bring together existing research programmes and help deliver data-driven public services".
It has evolved from a manifesto promise to a budget commitment, but despite being a consistent feature of announcements under the government over the last few months, detail and, indeed, any idea of timelines, has been lacking.
A new report from the Tony Blair Institute and The Entrepreneurs Network outlines a proposed transformative approach that could reshape how government data drives AI innovation. With competing visions inside government and ambitious implementation timelines, in our latest UKHotViewsExtra – National Data Library: Time to ‘Sink or Sprint’? - we consider whether the NDL can overcome the typical hurdles of large-scale government IT initiatives and elevate the UK's position in the global AI race.
If you would like to access this research but are not yet a subscriber – or you are unsure if your organisation has a corporate subscription – please contact Belinda Tewson to find out more.
Posted by Georgina O'Toole at '10:07'
- Tagged:
strategy
policy
AI
data
public+sector
central+government
data sharing
Following last week's successful Surrey and London walk for The King's Trust Future Steps Challenge, yesterday was the turn of our Gloucestershire contingent to contribute to the cause.
I had the pleasure of joining Marc and Dale, two of our senior research directors, for a cross-departmental collaboration in the beautiful Forest of Dean, one of England's largest ancient woodlands. After a brief morning shower cleared, the day brightened into a sunny outing through this historic national forest.
The walk came with unexpected challenges! Marc had a boot malfunction just 10 minutes into the journey. When the sole of one boot began detaching, Marc improvised repairs using hair ties and tape. Eventually, he had to continue with just the inner sole. Soon after, his second boot suffered the same fate. Despite this setback, Marc pressed on and completed the entire route - a testament to commitment if ever there was one!
Our team covered an impressive distance of 15km+ with over 20,000 steps each, navigating difficult terrain throughout the day. We returned mid-afternoon, having enjoyed a refreshing break from our usual remote working routines behind computer screens.
With just four days remaining in our fundraising campaign, TechMarketView is currently 19th in the overall ranking table for money raised - a solid performance for a company of our size!
If you'd like to contribute to this worthy cause, we'd really appreciate your support.
SPONSOR US HERE
Posted by Barbara Ravens at '09:57'
- Tagged:
charity
TheKingsTrust
Thursday 20 February 2025
TechMarketView has had a long association with The King’s Trust, which helps young people (aged 11-30) to build their confidence, get a job, or start their own business.
Every February, The Trust runs its Future Steps campaign, which challenges individuals to hit 10,000 steps each day of the month. It is something of a tradition at TechMarketView, but this year we’ve ‘stepped’ things up a bit.
Yesterday the Surrey and London contingent of TechMarketView met up for some (in parts sunny) miles. We were joined in spirit by Craig from the Kent coast. Fuelled by a pub lunch, the diehards hit 10 miles. Thanks to our four-legged friends, Scout and Cooper, for keeping us company and doing about triple our steps! TechMarketView’s Gloucestershire/Oxfordshire contingent will do their bit next week.
As well as racking up the pounds for The King’s Trust, the team got to spend some time together talking about things other than market trends and forecasts!
If you’d like to contribute a little something to the cause, we’d really appreciate that:
SPONSOR US HERE: https://events.kingstrust.org.uk/fundraisers/TechMarketView
Tech players in the UK market are huge supporters of The King’s Trust, contributing both money and time to help the charity.
If you would like to understand how you too can get involved with The King’s Trust through the Technology Leadership Group (of which I am Chair of the Business Development subcommittee), please drop me a line.
Posted by Kate Hanaghan at '07:20'
- Tagged:
charity
TheKingsTrust
With January under our belt, the TechMarketView Research Agenda for Q1 2025 is now full steam ahead.
Across the agenda, our team will this quarter be producing analysis that underpins our 3Ds: Data, Depth, and Disruption.
Data
Our analysts have already published some key pieces providing insight into the UK tech market as it currently stands and how we expect activity to pan out. Notably, see our Market Outlook Update, which brings our view of the UK market bang up to date. If you are also a member of our Public Sector research programme, you can read our analysis on the trends and opportunities in Public Sector SITS Market Outlook Update. Stay tuned for our view on the Financial Services market out shortly.
Depth
An excellent example of TechMarketView’s depth of analysis is our Sustainability Technology Activity Index (STAI). It brings unprecedented depth of understanding to the actions taken by tech firms and their customers to roll out sustainability-related solutions. With a global watchlist of over 1500 suppliers, the STAI give a unique view of activity by use cases areas (for example, ESG reporting, supply chain optimisation, and carbon capture & removal). We also look at the most commonly used tech and analyse suppliers by levels of activity. Read the report later in Q1.
Disruption
If you want to understand just who the ‘next big thing’ will be, TechMarketView’s Disruptors & Innovators series brings to life our understanding of the exciting start-up and scale-up players operating in the UK. This quarter, coverage includes those operating in AI in sustainability and front office BPO. But it’s not just the leading-edge players TechMarketView can help you to understand, it is also the market opportunities. In our Emerging Markets Briefings this quarter, we look at AI-enabled crime and also how new regulations, DORA and CTPs, will impact the market.
For a big picture view of how the market is expected to evolve in 2025, check out this quarter’s View from the Chief Analyst and our Tech Confidence Index (both out later this quarter). And for our tech buyer clients, the latest Market Readiness Index: The Road to AI part 2, goes live. This is the concluding part of our in-depth analysis of the largest 20 IT service providers in the UK and their ability to deliver AI solutions for customers. See Part 1 here. This is only for those on our tech buyer programme, but it can be purchased as a standalone report.
It is safe to say, January, February, and March will bring yet another quarter of analysis that demonstrates TechMarketView’s unique understanding of the UK tech market. You can see the full Q1 Research Agenda here. Remember, this may be subject to change and/or additions.
To find out more about our research and how to gain access, please contact our Client Services team.
Posted by Kate Hanaghan at '09:06'
- Tagged:
ResearchAgenda
In response to the changing US political landscape, big tech companies are rapidly re-evaluating, and in some cases abandoning, their Diversity, Equality and Inclusion (DEI) initiatives. The rules in the UK are obviously different, but this fundamental shift in corporate diversity will still leave its mark on the tech industry and Equality, Diversity and Inclusion (EDI) initiatives (as DEI is typically called in the UK) in this country.
Technology-focused companies such as Amazon, Google, Meta, Intel, PayPal, and most recently Accenture have been quick to announce plans to wind down or pare back their DEI initiatives (e.g. scrapping hiring targets, diversity reporting, and career development and training programmes focused on demographic groups) citing a need to align with the new legal and policy landscape. Others, such as Apple, Cisco and Microsoft, have defended their approach to DEI and the importance of diversity to business performance.
The situation in the UK is very different, which will inevitably create challenges for tech companies that operate across both regions. In this UKHotViewsExtra article, we look at the situation in the US and compare it with the approach being taken by the UK government and discuss the likely implications for the tech industry and its customers.
TechMarketView subscribers, including UKHotViews Premium subscribers, can read ‘Corporate diversity at a crossroads’ here. If you aren't a subscriber—or aren't sure if your organisation has a corporate subscription—please contact Belinda Tewson to find out more.
Posted by Dale Peters at '10:07'
- Tagged:
recruitment
policy
government
diversity
Inclusion
social+value
bias
DEI
EDI
equality
TechMarketView has published its latest Supplier Prospects report for the UK Financial Services SITS market. This report profiles the performance and prospects of the top 10 leading SITS vendors (by revenue) active in the UK Financial Services sector. It explores the recent progress of each of these companies, highlights some of the latest developments and discusses their potential in 2025 and beyond.
Our latest analysis shows that only six of the vendors in the top 10 grew UK Financial Services SITS revenue by more than 1%, reflecting softer demand for new technology initiatives. The average growth rate was 6.8%, representing a significant reduction over the prior year. Despite this two vendors enjoyed double-digit growth, with the performance of the top 10 varying widely.
Subscribers to FinancialServicesViews can download UK Financial Services SITS Supplier Prospects 2025 now. If you do not currently have acces to this report but are interested in learning more, please contact Belinda Tewson for more details.
Posted by Jon C Davies at '09:52'
Thursday 06 February 2025
TechMarketView's previous forecasts for the UK Financial Services Software and IT Services (SITS) market was published on 4th July 2024. The same day as the general election that brought a new Labour administration to power with a landslide majority. However, since the summer of 2024, UK economic growth has slowed and consumer confidence has deteriorated in the face of a variety of domestic and global factors.
Whilst we continue to expect that stronger demand and an acceleration in external SITS spend will return to the Financial Services sector, we have dialled down our medium-term forecasts, following an analysis of recent market data and consultation with stakeholders on both the buy-side and the sell-side.
TechMarketView’s updated outlook for the UK Financial Services Software and IT Services (SITS) market is available for FinancialServicesViews subscribers to download now. This brief report contains our revised estimates for external spend through to 2027.
If you do not currently have access but are interested in this report or any other of our materials, please contact Belinda Tewson for more information.
Posted by Jon C Davies at '07:00'
Thursday 06 February 2025
The latest episode in TechMarketView's series of Totally Sust podcasts sees SustainabilityViews’ lead analyst, Craig Wentworth, interview Gareth Edwards (Chief Client Officer, GoCodeGreen) and Sonia Ghandi (Head of Social Value UK & Europe, Mastek) about GoCodeGreen's approach to helping customers lower the carbon emissions associated with their software applications - something Edwards describes as an "EPC rating for software" - and how Mastek has used this service to make its software development lifecycle greener.
An edited (17-minute) version of the podcast is available to stream for free now on SoundCloud and Spotify (or you can click on the widget below to play it here).
Subscribers to our SustainabilityViews research stream, however, can stream or download the full 37-minute version of the episode. If you are not yet a subscriber, or are unsure if your company has a subscription, please contact Belinda Tewson to find out how you can access the research.
Posted by Craig Wentworth at '06:00'
- Tagged:
carbon footprint
software development
NTT DATA is not your typical ‘run of the mill’ Systems Integrator (SI), possessing access through the wider NTT Group (Japan’s biggest Telco the Nippon Telegraph and Telephone Corporation) to an enormous Research and Development (R&D) machine being channelled to help address some of the biggest issues posed by the rise of ‘Society 5.0’ (the Japanese government’s take on the ‘Super Smart Society’ and a shift toward a human-centered, knowledge-based, and data-driven society).
In a Software and IT Services (SITS) market where many SIs sound ‘me too’ with similar ecosystems and value propositions, NTT DATA stands out as clearly different. I spent some time earlier last week listening to members of NTT DATA’s UK&I team run through some of the key research areas and how they are being used to solve real world problems.
First off, Tom Winstanley NTT DATA’s UK&I CTO took us through a whirlwind tour of some of the key research themes being worked on within the wider NTT Group – which broadly fall into three main areas. Which are ‘next generation of the internet’, ‘Space and energy research’ and of course AI where NTT has been a leader in Japan for some time on Natural Language Processing (NLP) but has now naturally progressed into GenAI, with the roll out its own LLM called tsuzumi.
Winstanley went on to run through some of the fundamental research that NTT showcased at its recent R&D summit in Tokyo. The summit is a big event in Japan welcoming some 20,000 visitors over 4 days, with some 100+ exhibitions by scientists and researchers sharing their solutions addressing some of the key global challenges, ranging from rapid data growth through to demands on power consumption. For an example closer to home, NTT DATA is the 3rd largest data centre provider globally and its ‘Innovative Optical and Wireless Network’ (IOWN)technology has already been tested in the UK. NTT DATA connected its data centres in Hemel Hempstead and Dagenham, East London using the latest optical technologies, which NTT refer to as the “All Photonic Network” (APN), and communication between them operated with a round-trip delay of less than 1 millisecond - typical delays between data centres at an equivalent distances can exceed 2 milliseconds. The aim being to join up geographically distributed IT infrastructure into a functioning equivalent of a single data centre, regardless of where they are physically located. Other use cases for this type of low latency high bandwidth include high latency video transmission between countries, remote healthcare and remote manufacturing inspections.
TechMarketView subscribers can read more on our analysis of NTT DATA’s R&D in UKHotViewsExtra (download here). If you are not yet a subscriber or are unsure if your organisation has a corporate subscription, please contact Belinda Tewson to find out more.
Posted by Marc Hardwick at '11:11'
- Tagged:
innovation
R&D
Japan
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