Tech Nation Report 2020

Mar 17, 2020 | Publisher: Techcelerate Ventures | Category: Technology & Engineering |  | Collection: Startups | Views: 4 | Likes: 1

Forewords Key statistics Investment Global investment trends UK investment Unicorns Global capital Emerging tech Global innovation Arti cial Intelligence, Robotics, Cybersecurity, Blockchain, Internet of Things, Virtual Reality, Augmented Reality, Tech in the UK Emerging sectors Agritech, Cleantech, Healthtech People Consumer tech adoption - hardware Consumer tech adoption - services UK spotlights Data partners and acknowledgements Partner comment About Tech Nation 1.0 1.1 1.2 1.3 1.4 2.0 2.1 2.2 3.0 3.1 3.2 4 6 8 9 13 15 18 19 22 30 35 36 38 39 51 52 54 CONTENTS The annual Tech Nation report charts and champions the UK’s digital economy. As emerging and maturing technologies continue to disrupt and transform incumbent industries, and tackle some of the world’s biggest challenges, the report this year focuses on UK Tech For A Changing World. As we live through the fastest pace of change in history, UK tech is at the forefront of some of the biggest questions, and providing the answers. This is an executive summary - over 50 case studies and more  ndings can be explored at: technation.io/report2020 Report partners: 100.0 75.0 50.0 25.0 0.0 300 250 200

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Key facts from the report:

Digital tech sector GVA grew nearly 6x faster than the rest of the UK economy in 2018 - contributing £149bn to the UK economy and accounting for 7.7% of UK GVA

Digital tech employed 2.9m people in the UK in 2019, an increase of 40% from 2017 (now accounting for 9% of the national workforce)

95 UK companies valued at between $250-$800m in the UK in  2019 - a 27% increase from 2018 - set to become the tech unicorns of the future, of which there are 77 in the UK

25% of Europe’s top 20 highest investment tech cities are in the UK - Manchester, London, Bristol, Oxford and Cambridge.

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