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Tech Confidence Index - Supporting GraphicA New Tool for the UK Tech Sector

Tech Confidence Index (TCI) is a new initiative launched in 2024, with a goal to create a bellwether for the state and prospects of the UK tech sector.

This six-monthly survey of UK technology sector leaders is tracking the confidence of the UK technology scene to help both Software & IT Services (SITS) suppliers and end users understand market sentiment, whilst planning and preparing for the period ahead.

Tech Confidence Index - Supporting ImageCapturing the View of the Market

One of TechMarketView’s unique strengths is our ‘community’ of more than 20,000 technology industry professionals who read the daily UKHotViews newsletter. In the past, we have gauged opinions via our extensive conversations with CXOs within the industry.

However, we would like to make sure we are casting the net wider and ‘taking the temperature’ of the UK tech market in a more consistent way, enabling us to monitor changes over time.

Tech Confidence Index 2024 | Summer-Autumn

The UK tech market has been through the wringer over the last few years having navigated the complexities of Brexit, a global pandemic, geopolitical turbulence, and an energy crisis. The economic consequences – and hence the impact on businesses – has been significant.

However, we have also witnessed a period of impressive innovation, which has often required wider cultural and organisational transformation. Enormous change over a short period of time has been accelerated by the need to work from home, the increasing expectations of consumers and employees, and the emergence of promising emerging technologies, such as GenAI, IoT, and Digital Twins.

Of course, the other big news for the country is the election of a new government.

This first edition of the TCI includes the results of a major survey of c.250 business leaders, including CEOs, VPs, MDs and Sales and Finance heads, serving all major SITS sectors and end user industries. 

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