UK IT Services Market Growth, Size, Trends, Revenue, Share, Demand and Future Competition
United Kingdom IT Services Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: IACT23197 | Pages: 1 - 104 | Formats*: |
| Category : Information & Communications Technology | |||
United Kingdom IT Services Market Introduction and Overview
According to SPER Market Research, the United Kingdom IT Services Market is estimated to reach USD XX billion by 2033 with a CAGR of 10.51%.
The report includes an in-depth analysis of the United Kingdom IT Services Market, including market size and trends, product mix, applications, and supplier analysis. Technology functions that are provided with management and support are known as IT services. Customers can now use information technology without having to worry about complexity like resilience, scalability, maintenance, or security. IT services can be provided by outside partners or by internal staff. IT services provide break/fix or technical software support services, which are tailored to individual software product needs. IT services include a service level agreement (SLA) that outlines the quality of the service and a help desk for assistance.
- June 2022: With the acquisition of ARZ in Austria, Accenture, a UK-based multinational corporation, will be able to expand its banking platform-as-a-service offerings throughout the European Union. With locations in Vienna and Innsbruck, ARZ runs a technical competence centre for innovation and technology services in the Austrian banking industry.
- June 2022: Sectra's business imaging as a cloud service was selected by Homerton Healthcare in the United Kingdom to guarantee that patients have access to the newest technologies. For the healthcare professional, all the information and resources required to arrange, rank, and simplify imaging procedures will be accessible in a single application. Without requiring multiple programmes, reading and reporting will be possible instantly within the Sectra solution, enabling faster and more effective diagnosis.
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Market Opportunities and Challenges
The expansion of the UK IT service market is mostly being driven by the rising use of internet apps and services as well as the expanding availability of wireless devices like smartphones and other smart gadgets, along with related apps. The UK has made considerable investments in a range of IT solutions, as seen by the growing industry demands for IT services and the widespread use of software-as-a-service (SaaS) and cloud-based products. The region's move towards automation and digital transformation is also driving up demand for IT services. The industry is expected to develop strongly going forward as businesses want to integrate the increasingly potent capabilities of machine learning and artificial intelligence and as new disruptive technologies open up new avenues for growth. As data volumes continue to rise, a number of new innovations, such as edge computing and quantum computing, will support the market over the coming years. Additionally, businesses are still redeploying their IT infrastructures to the cloud.
Over the course of the projection period, the expansion of the market as a whole may be limited by the rise in a number of data security-related issues and data breaching threats in the region. Rising inflation is a new problem for business and industry, one that only serves to focus end users' attention on supply chain security and cost control while also igniting the market. Every business discipline is becoming more and more involved with IT, which is driving up demand for consulting services. Outsourcing is also booming as businesses look to maximise their systems while placing a heavy focus on cost. The market is expanding with few barriers, which is leading to structural changes as businesses compete to capture market share in what is still a very competitive global industry.
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Market Competitive Landscape
There is some degree of market consolidation in the United Kingdom IT Services industry. Several of the main firms control a sizable portion of the market. To obtain a competitive edge over rivals, the variables are also involved in a variety of mergers and acquisitions and product innovation. Among the leading businesses Accenture PLC, Atos Consulting, BearingPoint, Capgemini, HCL, IBM Corporation, Infosys, TCS, Wipro, Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User |
| Regions covered | Greater London, South East, Scotland, West Midlands, Rest of UK |
| Companies Covered | Accenture PLC, Atos Consulting, BearingPoint, Capgemini, HCL, IBM Corporation, Infosys, TCS, Wipro, Others |
COVID-19 Impact on United Kingdom IT Services Market
COVID-19 had a major effect on the UK's IT services sector. The companies' working methods shifted to remote working, which raised demand for cloud computing services. When IT businesses started letting workers work from home, they transported PCs to their residences and outfitted them with broadband connections, power backup supplies, and Wi-Fi adapters. To accommodate the more remote users connecting at the same time, the backend capacity and virtual private network bandwidth were raised. The availability of cloud-based remote access technologies has enabled virtual working. As a result, the market first encountered difficulties during the pandemic, but as service requirements increased, COVID-19 eventually had a positive effect on IT services.
Key Target Audience
- Enterprises and Corporations
- Financial Services Sector
- Government
- Healthcare Providers
- Individuals and Consumers
- IT and Telecommunication
- IT Consulting and Outsourcing Companies
- Manufacturing and Industrial Sector
- Retail and E-commerce
- Small and Medium-sized Enterprises (SMEs)
- Startups and Entrepreneurial Ventures
- Others
Our in-depth analysis of the United Kingdom IT Services Market includes the following segments:
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| By End User: |
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| By Region: |
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Key Topics Covered in the Report
- United Kingdom IT Services Market Size (FY’2023-FY’2033)
- Overview of United Kingdom IT Services Market
- Segmentation of United Kingdom IT Services Market By Type (Business Process, IT Consulting & Implementation, IT Outsourcing)
- Segmentation of United Kingdom IT Services Market By End User (BFSI, Consumer Goods & Retail, Energy & Utilities, Government, IT and Telecommunication, Other End-User)
- Statistical Snap of United Kingdom IT Services Market
- Expansion Analysis of United Kingdom IT Services Market
- Problems and Obstacles in United Kingdom IT Services Market
- Competitive Landscape in the United Kingdom IT Services Market
- Impact of COVID-19 and Demonetization on United Kingdom IT Services Market
- Details on Current Investment in United Kingdom IT Services Market
- Competitive Analysis of United Kingdom IT Services Market
- Prominent Players in the United Kingdom IT Services Market
- SWOT Analysis of United Kingdom IT Services Market
- United Kingdom IT Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United Kingdom IT Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom IT Services Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom IT Services Market
7. United Kingdom IT Services Market, By Type (USD Million)
7.1. United Kingdom IT Services Market Value Share and Forecast, By Type, 2023-20337.2. Business Process7.3. IT Consulting & Implementation7.4. IT Outsourcing
8. United Kingdom IT Services Market, By End User (USD Million)
8.1. United Kingdom IT Services Market Value Share and Forecast, By End User, 2023-20338.2. BFSI8.3. Consumer Goods & Retail8.4. Energy & Utilities8.5. Government8.6. IT and Telecommunication8.7. Other End-User
9. United Kingdom IT Services Market Forecast, 2019-2033 (USD Million)
9.1. United Kingdom IT Services Market Size and Market Share
10. United Kingdom IT Services Market, By Type, 2019-2033 (USD Million)
10.1. United Kingdom IT Services Market Size and Market Share By Type (2019-2026)10.2. United Kingdom IT Services Market Size and Market Share By Type (2027-2033)
11. United Kingdom IT Services Market, By End User, 2019-2033 (USD Million)
11.1. United Kingdom IT Services Market Size and Market Share By End User (2019-2026)11.2. United Kingdom IT Services Market Size and Market Share By End User (2027-2033)
12. United Kingdom IT Services Market, By Region, 2019-2033 (USD Million)
12.1. United Kingdom IT Services Market Size and Market Share By Region (2019-2026)12.2. United Kingdom IT Services Market Size and Market Share By Region (2027-2033)12.3. Greater London12.4. South East12.5. Scotland12.6. West Midlands12.7. Rest of UK
13. Company Profile
13.1. Accenture PLC
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Atos Consulting
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. BearingPoint
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Capgemini
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. HCL
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. IBM Corporation
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Infosys
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. TCS
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Wipro
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Technology functions that are provided with management and support are known as IT services. Customers can now use information technology without having to worry about complexity like resilience, scalability, maintenance, or security.
United Kingdom IT Services Market is projected to reach USD XX billion by 2033, growing at a CAGR of 10.51% during the forecast period.
United Kingdom IT Services Market grew in market size from 2022. The Market is expected to reach USD 7.87 billion by 2033, at a CAGR of 10.51% during the forecast period.
United Kingdom IT Services Market CAGR of 10.51% during the forecast period.
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United Kingdom IT Services Market size is USD 7.87 billion from 2023 to 2033.
United Kingdom IT Services Market Segment is covered By Type, By End User.
The Europe is anticipated to have the highest market share in the United Kingdom IT Services Market.
The key players in the market include Companies Covered Accenture PLC, Atos Consulting, BearingPoint, Capgemini, HCL, IBM Corporation, Infosys, TCS, Wipro, Others.
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