"IT and tech suppliers to the UK public sector with the fastest-growing revenues increased incomes by an average of 1.8x and £3.8m each between 2023 and 2025. The fastest-growing companies were in the defence sector, with one company - SRC UK - growing revenue by 16x across the period. Those are some of the findings of public sector IT research specialist Tussell in its annual Tech200 report on the fastest-growing tech suppliers to the public sector."
"The report also found suppliers in the categories of "IT services" and "digital transformation" were best represented in the 200-supplier list. After defence, education was the sector where the fastest-growing public sector suppliers were found. Most suppliers (69%) in the Tech200 were UK-based, with US suppliers forming a significant runner up (13%). US companies saw better revenue growth than UK companies, however."
Tussell's Tech200 ranks the fastest-growing technology suppliers to the UK public sector based on revenue growth between fiscal years 2023-24 and 2024-25. Companies included must have at least £250,000 in UK public sector revenue in the first year. The 200 suppliers averaged revenue growth of 1.8x and £3.8m each. Defence firms dominated growth, with SRC UK increasing revenue more than 16x. Suppliers in IT services and digital transformation were most represented, and education was the second-largest sector for fast growth. Most suppliers (69%) were UK-based, US firms made up 13% and achieved stronger growth on average. More than half were SMEs.
Read at ComputerWeekly.com
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