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Central Government was the only subsector of the UK Public Sector SITS market to grow in real terms in 2023, albeit in the low single digit percentages. However, the market environment is proving increasingly challenging as we head through 2024.
We already knew that departmental budgetary constraints were going to play heavily on the market. But the difficult market conditions were compounded by the announcement, in May, of the early July General Election. The customary six-week ‘period of sensitivity’ impacted the ability of departments and agencies to move forward with new programmes and projects. As expected, a new Labour government is taking time to get its ducks in a row. Until Chancellor Rachel Reeves announces her Budget on 30th October, Whitehall organisations are living under a cloud of uncertainty. Adding to that, they have already been told by Reeves to find 2% savings in the back office.
In these challenging times, today we publish our latest PublicSectorViews report: UK Central Government SITS Suppliers Trends & Forecasts 2024. In the report, PublicSectorViews subscribers can delve into in-depth market and supplier analysis, including our Top 20 Central Government SITS rankings (which reveals a new entrant at #20), our view of suppliers that are ‘on the rise’ and threatening to unseat the leading players, and a handpicked selection of suppliers that are worth keeping a close eye on.
Of course, all those suppliers will be hoping for a less challenging market outlook. However, the new Government’s positive messaging around the power of digital, data, and technology needs to be seen in the context of a tough fiscal environment, new spending controls, enduring levels of technical debt, and a chaotic data picture. Head to the report now to understand the implications for the UK Central Government SITS market and its suppliers.
If you are not a subscriber – or are unsure if your organisation has a corporate-wide subscription – please contact Belinda Tewson or Sales to gain access.
Posted by Georgina O'Toole at '17:34' - Tagged: government outlook MarketForecasts market+trends public+sector central+government marketdata marketanalysis competitivelandscape supplier+rankings SupplierAnalysis analysis
