UK IT Services Market Report 2017

UK IT Services Market Report 2017

  • March 2017 •
  • 104 pages •
  • Report ID: 4897286 •
  • Format: PDF
The UK’s IT services market is the third largest in the world. It currently has about 6% share of the global IT services market. The market value of IT services accounts for around 31% of the overall IT market in the UK. The IT services market is expected to grow at a CAGR of around 3% in the forecast period. This is mainly due to the growing demand for cloud services and advanced connected device technology from the country’s enterprises as well as high earning and aware population. The Cloud Industry Forum estimates that at least four in every five organizations based in the UK have adopted at least one cloud service. According to the study, approximately 84% of companies in the country have an operating cloud-based host.

The market segments in the information technology services sector as of 2016 were Hardware Support Services, Software and BPO Services, and Cloud Services.

A large proportion of the UK’s population has access to social media and uses it on a daily basis. Around 42 million adults used internet daily in Great Britain 2016, compared with 39 million in 2015. In 2016, around 23.5 million households had internet access. Almost all households with children have an internet connection. In 2016, the social media penetration reached 59% while the global average was around 31%. According to TechMarketView, major IT services companies in the UK include HP, Capita, Capgemini, IBM and Accenture.

The UK information technology services market is expected to grow from around $55 billion in 2016 to around $63 billion in 2020. A large proportion of the UK’s population has access to social media and uses it on a daily basis. Around 42 million adults used internet daily in Great Britain 2016, compared with around 39.3 million in 2015. In 2016, around 23.7 million households had internet access. Almost all households with children have an internet connection. In 2016, the social media penetration reached 59% while the global average was 31%.
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