UK digital tech sector grew 2.8 times faster than the rest of the economy in 2014

The UK tech economy represents 1.56 million of the nation’s jobs, growing 2.8 times between 2011 and 2014.

A report from Tech Nation 2016 looked to map the growth of the booming industry, with it finding that year-on-year turnover grew by 32 per cent between 2010 and 2014, now reported a revenue of £161bn.

App and software development made up 16.7 per cent of the industry followed by data management and analytics (11.7 per cent) and hardware, devices & open source hardware (11.3 per cent).

Across the country there were 58,000 identified digital tech business, with London generating the most revenue (£62.4bn) and Southampton exhibiting the most growth (180 per cent) between 2010-2014.

Furthermore, 80 per cent of the UK’s tech clusters showed growth in digital turnover, jobs and salaries during the period.

Read the full report here for a region by region breakdown of the industry.

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