TechMarketView

This summer marks a year since TechMarketView Founders Richard Holway and Anthony Miller hung up their boots and passed the baton on to the MBO leadership team. The move, 16 years after TechMarketView was founded, marked a major milestone for the company. For the last year, TechMarketView’s Partner team (Tola Sargeant, Georgina O'Toole, Deborah Seth, and Kate Hanaghan), have continued to deliver exceptional research and analysis on the UK tech market to our clients, while consistently pursuing excellence. As we move forwards, you will see some changes. Firstly, Tola has taken the decision to leave TechMarketView to seek a fresh challenge, after 16 years with the company (seven of those as Managing Director/CEO). During that time, Tola has shown immense loyalty and dedication to the company. Her deep understanding of the business has been a hugely valuable asset. Bringing such experience and knowledge, Tola has helped in shaping our company's path. We’d all like to take the opportunity to thank Tola for her contribution over many years. Looking ahead, Deb, Georgina, and Kate will accelerate progress with a newly refreshed growth strategy. Deb will take on the role of Managing Partner, concentrating on driving business growth, enhancing key operational functions, expanding partner networks, and implementing strategic talent acquisition. Georgina will remain as Chief Analyst, continuing to develop thought leadership and client excellence within the organisation, while also orchestrating the execution of TechMarketView’s growth strategy. And Kate will remain Chief Research Officer, responsible for advancing TechMarketView’s research agenda, ensuring our analysis supports our clients to make smart decisions, and running our expert analyst team. Between them, Deb, Georgina, and Kate bring a wealth of experience in the UK tech industry and have sat on TechMarketView’s management board since 2017. Senior Research Directors, Marc Hardwick and Dale Peters, having been promoted to the Senior Leadership Team, will continue to develop and lead a range of programmes supporting richer analysis and enhanced customer experience. Tania Wilson becomes Finance Director and joins the Management Team. Tania joined TechMarketView in 2019. She brings a wealth of experience in financial analysis and valuation, having spent many years as a Director at PwC. Tania is also an investment principal and CFO for a venture capital firm. Her input will be invaluable as we make important investment decisions aimed at supporting our soon-to-be-revealed new strategy. We are excited to officially ‘relaunch’ TechMarketView at our event on 26th September (please come and join us). The event will see us launch the new strategy through insightful presentations and a fireside chat with an end user organisation in pharmaceuticals. We’ve got some fun ideas bubbling about how we can celebrate this new TechMarketView era with our guests, so don’t miss out!

📊 NEW RESEARCH: UK Financial Services SITS Market 2024 - Trends, Forecasts, and Top Suppliers Our latest report on the UK Financial Services Software and IT Services (SITS) market is now available! Despite economic challenges in 2023, the sector's digital transformation journey continues. Here's what you need to know: 💼 Market Growth: While 2023 saw slower growth, the forecast through 2027 remains positive as economic conditions improve. 🏆 Top 10 Vendors: Only 6 grew by more than 1% in 2023, with 2 achieving double-digit increases. Overall, the Top 10 saw 6.8% growth, down from 18.9% in 2022. 🚀 Key Drivers: Recognition of outdated tech limitations and ongoing projects are fuelling continued transformation efforts. Want more insights? TechMarketView subscribers can access the full "UK Financial Services SITS - Suppliers, Trends and Forecasts 2024" report now. Not a client yet? Contact Deborah Seth to learn how you can gain access to this research and our other services. #FinancialServices #TechTrends #TechForecasts

📣 Another busy week in tech with mixed financial results, strategic moves, and ongoing cybersecurity challenges. Here's a taste of what the TechMarketView analysts covered: 🔹 Mixed H1 2024 results: Fujitsu reported Q1 revenue growth of 3.8%, while Computacenter expects lower H1 profits but announced a £200m share buyback programme. Capgemini trimmed its FY24 guidance due to slower demand recovery. 🔹 Cloud and AI driving growth: IBM raised its cash flow outlook after strong Q2 results, with its Software division growing 8.4%. SAP posted double-digit growth in Q2, with cloud revenue up 25%, as AI-focused restructuring continues. 🔹 ServiceNow outperformed in Q2, driven by strong GenAI adoption and expanded strategic AI partnerships. 🔹 Strategic moves: Insight acquired Brighton-based NewWorldTech | NWT to expand its Services capability in the UK/Europe. Learning Technologies Group plc (LTG) faced a disappointing first half and issues with its US subsidiary. 🔹 Cybersecurity challenges: The @NCSC warned of North Korean state-sponsored cyber attacks targeting defence, aerospace, and nuclear sectors globally. 🔹 Sopra Steria confirmed mixed H1 results amid challenging market conditions, adjusting its FY growth outlook while maintaining its margin target. Don't miss out on the latest tech news and insights from the TechMarketView analysts. Sign up for our FREE UKHotViews newsletter 📩 👇 at: https://lnkd.in/eiqfN8QV

I was delighted to share my thoughts with the team at Radley Yeldar as they worked on their new report ‘Getting the chemistry right’. The report focuses on how organisations in the science and tech sectors can effectively communicate, and get stakeholders excited about their achievements, by bringing clarity and emotional connnection to often complex topics. In the tech world, too often we see press releases which are at risk of confusing the reader and losing their interest before the end of the first paragraph. This is a great report for any science or tech company interested in how they can start telling their story more effectively. Thanks to Kathryn Virji for giving me the opportunity to get involved. #communication #PR #science #tech #gettingthechemistryright

📣 Another eventful week in tech with major acquisitions, regulatory changes, funding rounds, and AI investments. Here's a taste of what the TechMarketView analysts covered:   🔹 SoftBank acquired UK-based chipmaker Graphcore for an undisclosed sum, potentially giving the AI chip innovator a new lease on life. 🔹 The FCA announced the biggest changes to UK stock market listing rules in over three decades, aiming to boost growth and innovation. 🔹 London-based security startup Tracebit raised £3.9m in seed funding for its cloud-native threat detection and deception platform. 🔹 TechForGood scaleup Switchee secured £5m in investment to further develop its offering improving energy efficiency in social housing. 🔹 IBM UK acquired defence tech consultancy SiXworks an IBM company to boost its UKI defence capabilities within IBM Consulting. 🔹 Hackers leaked almost 39,000 Ticketmaster print-at-home tickets in an ongoing extortion campaign following a major data breach. 🔹 Capita sold its Local Government software suite, Capita One, to MRI Software for £200m as part of its transformation strategy. 🔹 Vodafone announced a £120m investment in SuperTOBi, a new Generative AI customer assistant powered by Microsoft Azure OpenAI.   Don't miss out on the latest tech news and insights from the TechMarketView analysts. Sign up for our FREE UKHotViews newsletter 📩 👇 https://lnkd.in/eiqfN8QV

A limited number of premier sponsorship opportunities are still available for our highly anticipated annual 'An Evening with TechMarketView' networking event. Our exclusive packages are tailored for both global brands and SMEs looking to enhance their visibility and reach, including: - Drinks Sponsor - Lanyard Sponsor - Profile Sponsor Benefits range from case study articles and advertising to branded areas at the event and social media recognition. This is your opportunity to engage with clients, partners, peers, and our respected analysts, while being recognised as a key supporter of TechMarketView. Join our Premier Sponsor Mastek and Media Partner CommsCo | The B2B Tech PR Agency and raise your profile at the UK tech scene's premier annual networking event. For more information, please get in touch or visit: https://lnkd.in/eD4a6mzd

📣 Exciting developments in tech – and politics - this week! Here's a snapshot of what TechMarketView analysts covered last week: 🔹 Labour secured a landslide victory in the UK #GeneralElection, with implications for the #techsector and public services transformation. 🔹 BlackRock acquired UK data specialist Preqin for £2.55bn, marking its first move into the financial data space. 🔹 Cognizant extended its Neuro portfolio with the launch of Neuro® Edge, an AI-enabled edge computing offering for real-time data processing across industries. 🔹 ActiveOps reported strong FY 2024 results, with ARR up 11% to £25.1m and adjusted EBITDA jumping 243% to £2.4m. 🔹 Kainos expanded its annual CodeCamp initiative into Europe, now offering free STEM training for 14-18 year-olds in Belfast, Birmingham, and Gdansk. 🔹 Revolut delivered stellar 2023 performance, nearly doubling revenue to £1.8bn and achieving pre-tax profits of £438m. 🔹 TechMarketView launched 2 annual flagship reports - UK SITS Market Trends & Forecasts 2024 and Supplier Rankings 2024 - providing unparalleled insights into the UK Software and IT Services market, including detailed analysis of hundreds of companies and the impact of emerging technologies like #GenAI. Don't miss out on the latest tech news and insights from the TechMarketView analysts. Sign up for our FREE UKHotViews newsletter 📩 👇 at: https://lnkd.in/eiqfN8QV

📊 Hot off the press! Our UK SITS Supplier Rankings 2024 report is now available! 🔍 This comprehensive report, sister to our Market Trends and Forecasts 2024, offers an unparalleled view of the UK Software and IT Services landscape. Our analysts have: - Analysed data from 1000s of inputs - Conducted 100s of research interviews - Scrutinised 10Ks and Companies House reports - Evaluated 100s of companies, including the Top 60 largest players to create estimates and analysis that you simply will not find anywhere else. The report it truly unique, used extensively by decision makers to help them build and validate their own strategies. 🏆 Discover who's leading the pack: - Find out who claimed the top spot (hint: it's a hyperscaler!) - Learn which global system integrators secured impressive positions - Get insights on players like Microsoft, Accenture, Capgemini, CGI, TCS, Cognizant, Infosys, and Wipro Kate Hanaghan, our Chief Research Officer, says: “This report reflects months of work by our analysts, who have undertaken many conversations with company leaders, raked through 10Ks, Company House reports, and other evidence to create estimates and analysis that you simply will not find anywhere else. The report it truly unique, used extensively by decision makers to help them build and validate their own strategies.” 🚀 Want to know who's thriving, who's struggling, and why? This report has the answers! Find out more and order your copy here: https://lnkd.in/e-ux9ygT

📊 Our highly anticipated annual UK Software and IT Services (SITS) Market Trends & Forecasts report 2024 is now available! 🔍 This year's report, centred on our theme "Enabling Acceleration," offers unparalleled insights into the UK tech landscape. Our team of analysts has spent months collecting and analysing data, conducting hundreds of conversations across the industry to bring you: ·      A realistic picture of market disruption ·      In-depth analysis of the 'GenAI Dividend' ·      Forecasts on how GenAI will impact various market sectors ·      Insights into why the UK SITS market shrank in real terms in 2023 ·      Projections for future market growth Georgina O'Toole, TechMarketView’s Chief Analyst said: “The report is founded on months and months of DATA collection and analysis by the incredible TechMarketView analyst team. It highlights the fact our commitment to both DATA and DEPTH enables us to cut through the tech market hype and give a realistic picture of the true level of DISRUPTION taking place. We are proud to be able to deliver high quality analysis to our clients.” 🚀 Discover how the excitement around Generative AI is reshaping the tech landscape and influencing ICT transformation projects. Find out more and order your copy here: https://lnkd.in/e-ux9ygT

📣 Another busy week in tech with ongoing corporate restructuring dramas, climate tech funding, and regulatory challenges. Here's a taste of what the TechMarketView analysts covered: 🔹 The Atos saga continues: Onepoint withdrew from the financial restructuring consortium and its share capital, with two board members resigning. Despite initial dramatic reports, the remaining consortium members are still committed to the proposal on the table. 🔹 Learning Technologies Group plc (LTG) announced the sale of its VectorVMS business to France's Pixid Group for $50m, as part of its strategy to focus on learning and talent development. 🔹 Triad Group Plc reported a slight dip in FY24 revenue but secured record contract wins in H2, including significant deals with UK government departments totalling over £25m. 🔹 The European Commission charged Apple with breaching EU law over App Store terms, potentially facing fines of up to 10% of global annual revenue if concerns aren't addressed. 🔹 CloudCoCo Plc reported 11% revenue growth in H1 FY24 but remains in a stabilisation phase, with ongoing efforts to reduce costs and increase efficiencies. 🔹 London-based climate risk intelligence startup Climate X raised £14.2m in Series A funding to expand its AI-powered platform globally, addressing growing concerns around climate-related financial risks. Don't miss out on the latest tech news and insights from the TechMarketView analysts. Sign up for our FREE UKHotViews newsletter 📩 👇 at: https://lnkd.in/eiqfN8QV