UK It Services Market Size & Outlook, 2023-2030
UK it services market, 2017-2030 (US$M)
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UK it services market highlights
- The UK it services market generated a revenue of USD 89,329.4 million in 2023 and is expected to reach USD 152,202.9 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 89,329.4 million |
| Market revenue in 2030 | USD 152,202.9 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, UK accounted for 6.6% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France it services market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 160,799.2 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK it services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 55.52% in 2023. Horizon Databook has segmented the UK it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
The IT services market in the U.K. is expanding significantly owing to factors such as the growing use of smart technology and increased security expenditures, particularly in the healthcare sector. In the healthcare industry, increasing technological expansions, such as wearables, Internet of Things (IoT), integration services, product engineering services, business intelligence solutions, and cloud services, are expected to boost market growth in the region.
Key players in the United Kingdom's IT services market are focused on expanding their IT infrastructure that supports advanced technologies such as cloud computing. In November 2022, Cognizant announced the acquisition of application management and professional services of OneSource Virtual, a U.S.-based company that offers workday services and solutions.
By acquiring these businesses, Cognizant can supplement its current finance and HR advisory implementation services with Workday, enhancing its deployment, consulting, and post-deployment support capabilities across the U.K. and North America.
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Target buyers of UK it services market databook
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK it services market , including forecasts for subscribers. This country databook contains high-level insights into UK it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK it services market size, by approach, 2017-2030 (US$M)
UK IT Services Market Outlook Share, 2023 & 2030 (US$M)
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