The status quo of the UK ICT market: Leading Europe, promising future

One of Europe's largest markets, the ICT market in the United Kingdom, receives up to 140 billion pounds of total ICT support each year by the British government, of which public sector expenditures cost £ 18 billion. The UK market is very much welcome and willing to embrace new technologies and designs, so consumers are also able to embrace new technology products very quickly, thus indirectly causing the UK market to be a great test area for most ICT companies.

ICT technology in the United Kingdom is leading even across Europe, with the largest number of ICT-enabled post-graduate students in Western Europe. In addition, flexible labor laws and regulations in the British government can guarantee that the form of employment can be adjusted according to the development of the enterprise, while ensuring the interests of employers on the one hand, and allowing employees to receive fair treatment on the other.

Software and IT

The UK software and IT services market is a leader in Europe with a market size of 58 billion pounds. According to Microsoft's independent study, by 2013, this market will be able to accommodate 2,500 new businesses and create 78,200 jobs.

Britain's success is mainly due to two factors: First, the United Kingdom has become a melting pot of software development, each year to attract nearly 10,000,000 pounds of investment in research and development of multinational corporations; Second, the British mainland has more than 100,000 professional software companies, and the world's major Software companies, such as Microsoft, IBM, Hewlett-Packard, etc., have large-scale operations in the United Kingdom.

cyber security

The UK has provided ample room for growth for companies in the area of ​​network security, including the following industries: Authentication, Network Authorization, Trust Management, System Encryption, Password Analysis, Computer Security (Massive Protection against Malware Invasion), Privacy Protection, Information Hiding , Digital rights management and more.

Although the actual losses caused by cybercrime are hard to measure, a large number of recent studies show that cybercrime affects the British economy at an annual cost of 26.9 billion pounds, accounting for the highest proportion of the total industrial cost. At present, the UK cybersecurity market is about 2.8 billion pounds. With the improvement of the public awareness of cyber threats and the continuous development in such areas as connection services, the security network market will maintain its rapid growth in the future. Mobile phone security is expected to be the biggest growth point for the market in the next 2-3 years.

cloud service

By 2014, the annual size of the UK cloud computing market is expected to rise from 2.4 billion pounds to 6.1 billion pounds. Currently, 18% of UK SMBs use cloud solutions, and 30% of SMEs plan to adopt cloud solutions next year. By 2015, 50% of public spending on new IT services is expected to be spent on public cloud services.

data center

The UK data center market is the largest market in Western Europe, and the volume of data and new services is increasing, as cloud computing will create new demands. Gartner expects demand for hosting services and cloud services to increase from £ 21.2 billion in 2008 to £ 70 billion in 2013.