The IT industry is increasingly vital for the UK economy. It has enjoyed significant and continuous growth over the last five years, and the technology sector in the country is currently growing over two and a half times quicker than the economy as a whole.
The UK now has the largest market for e-commerce in Europe, and London ranks as the second best connected city for tech in the world, second only to Silicon Valley. The digital tech sector in the UK now contributes almost £184 billion to the economy.
The digital industries employ around 1.46 million in the UK, which is around 7.5% of the country's total workforce. Around 252,000 of these are working in London. It has been predicted by the Government's Tech Partnership that the number of people employed as tech specialists will increase by 28% by 2025. Demand for big data specialists is particularly strong; according to research form Experis, demand has grown by 78% from 2017 to 2018 alone.
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104Revenue
192740487.0Industry
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Although the UK's IT industry is truly thriving, there are still plenty of opportunities for further growth and expansion. For example, currently just 5.8% of small businesses (those with fewer than ten employees) have superfast broadband - that is, an internet speed of 100 megabits per second or over.
If you're intrigued to discover who the current top performers in the UK information and communication industry are, look no further. At Global Database we've put together this list of the businesses generating the most revenue - and the results may just surprise you!
