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Digital Transformation

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

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By John McCarthy | Media editor

February 22, 2016 | 2 min read

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.

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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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