This month’s infographic examines the digital tech industry in the UK, and how it’s been growing. As a nation becoming more digitally dependent, how have traditionally non-digital industries adapted to modern needs? How is the rise of digital technology affecting the UK’s economy?
<p style="text-align:center;"> <img title="Tech Businesses in the UK Statistics 2016 Infographic" src="https://www.ashburnham-insurance.co.uk/wordpress/media/tech-business-uk-statistics-infographic.png" alt="Tech Businesses in the UK Statistics 2016 Infographic" /> Infographic by <a title="Ashburnham Insurance Services" href="https://www.ashburnham-insurance.co.uk">Ashburnham Insurance</a></p>
Please credit www.ashburnham-insurance.co.uk if you wish to use this image on your own blog or website!
What is Digital Technology?
Digital technology is a type of electronic technology that generates, stores and processes data as digital “ones and zeros”. Over the past couple of decades, many businesses in countless industries are using digital technology to change the way they work. Through storing data on computers where traditionally they would be stored in physical records, to using technology to allow customers to make purchases through an online shop rather than the business’ physical brick-and-mortar shop, digital technology has reinvented how companies are able to conduct business.
The digital tech industry reached £161 billion turnover in 2014, growing 32% faster than the national average (2010-2014). With the rapid growth of how digital technology is used, the creation of digital tech jobs has outpaced the rest of economy, growing 11.2% between 2011 and 2014. That’s 2.8x faster than the rest of the UK’s workforce. There are 1.56 million digital tech jobs in the UK, including jobs within the tech industry itself (22%), digital tech jobs within traditionally non-digital industries (41%) and digital tech jobs in support roles (37%).
There are 58,000 identified active digital tech businesses in the United Kingdom. These can be broken down into digital businesses in tech industries and digital businesses in traditional industries.
Digital Businesses in Tech Industries
- App & Software Development: 16.7%
- Data Management & Analytics: 11.7%
- Hardware, Devices & Open Source Hardware: 11.3%
- Enterprise Software & Cloud Computing: 8.5%
- Telecommunications & Networking: 8.3%
- Digital Advertising & Marketing: 8.2%
- E-Commerce & Marketplace: 7.7%
- Digital Media & Entertainment: 6.3%
- Cyber Security: 5.1%
- FinTech (Financial Technology): 5.0%
- Gaming: 1.8%
- Online Gambling: 1.3%
- Social Networks: 1.3%
- Internet of Things & Connected Devices: 0.9%
- EdTech (Educational Technology): 0.6%
- HealthTech (Health Technology): 0.4%
Digital Businesses in Traditional Industries
- Marketing, PR & Design: 44.7%
- Science & High Tech: 38.5%
- Aerospace & Defence: 35.9%
- Film & Broadcast Media: 33.2%
- Electronics Equipment & Instruments: 32.4%
- Consumer Electronic Parts & Components: 20.1%
- Publishing & Print: 18.4%
- Consumer Goods: 17.9%
- Sports & Leisure: 16.5%
- Civic & Social Organisations: 15.7%
- Consultancy & Advice: 15.6%
- Business Support Services: 15.1%
- Pharmaceuticals & BioTech (Biological Technology): 14.7%
- Facilities Services: 13.1%
- Agriculture, Fisheries & Industrial Food Productions: 12.7%
- Professional Training: 12.5%
- Finance: 11.1%
- Arts & Music: 11.0%
- Recruitment & HR: 9.9%
- Education: 9.1%