Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United Kingdom ICT Market Share

Based on industry vertical, the market is divided into BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others. The BFSI sector is projected to grow at a CAGR of 11.5% over the forecast period of 2024-2032. ICT, or Information and Communication Technology, has revolutionised the way banking and financial institutions operate. With advancements in technology, customers now expect quick and efficient services that are accessible anytime, anywhere. ICT enables banks to meet these demands by offering online banking, mobile banking, and other digital services that make transactions easier and more convenient for customers.

 

2023 Market Share by Region
England 88.1%
Wales XX%
Northern Ireland XX%
Scotland XX%

 

Furthermore, ICT allows banks to streamline their operations, reduce costs, and improve efficiency. By automating processes and implementing digital solutions, banks can provide faster and more accurate services to their customers. This not only enhances customer satisfaction but also helps banks stay competitive in the rapidly evolving financial sector.

 

United Kingdom ICT Market Report Snapshots

United Kingdom ICT Market Size

United Kingdom ICT Market Growth

United Kingdom ICT Market Share

United Kingdom ICT Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 176.80 billion.

The market is estimated to grow at a CAGR of 11.2% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 459.65 billion by 2032.

The market is being driven by rapid urbanisation, advancements in next-generation telecommunications, and swift digitalisation across the country.

The key trends aiding the ICT market in United Kingdom include the integration of artificial intelligence into ICT services and the rapid adoption of technologies like 5G across.

The different enterprise sizes considered in the market report include small and medium enterprises and large enterprises.

The major regions considered in the market are England, Wales, Northern Ireland, and Scotland.

The United Kingdom ICT market report includes IBM Corp., Cisco Systems Inc., Google LLC, AT&T Inc., Fujitsu Ltd., Oracle Corp., Verizon Communications Inc., Huawei Technologies Co., Ltd., Fortinet Inc., Capgemini SE, and among Others.

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