2022
9
UK Software Market Report 2022
2022-06-17T04:05:43+01:00
OX1103531
1495
152170
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Report
en_GB
“Software has developed into a major market with digital processes penetrating virtually every role in business and across every industry. The revenue development has been disrupted as costing models have…

UK Software Market Report 2022

£ 1,495 (Excl.Tax)

Report Summary

“Software has developed into a major market with digital processes penetrating virtually every role in business and across every industry. The revenue development has been disrupted as costing models have been moved to usage and as lower-cost packaged software has been developed with increased capability and flexibility. The inclusion of artificial intelligence and machine learning is now impacting a growing array of low-cost software packages, equating opportunities and capabilities for SMEs with their larger enterprise competitors.“

– Terry Leggett, Senior Analyst, June 2022

Key issues covered in this Report

  • How the continued digitisation of business continues to create opportunities for software.
  • The technological developments that are fuelling the further expansion of the digital economy.
  • How the move to cloud computing has influenced demand, and how future prospects for edge computing will shape that demand.
  • A quantification of sales by industry sector, and how packaged and proprietary software demand is changing within the markets.
  • How M&A activity is growing globally, propelled by constant technological development and strong visibility of future revenues.

Table of Contents

  1. Overview

      • Key issues covered in this Report
        • Market context
          • Products covered in this Report
          • Executive Summary

              • The five-year outlook for software
                • Figure 1: Software outlook, 2022-27
              • The market
                • Market size and forecast
                  • Figure 2: Market size for software, 2016-26
                • Applications throughout industry
                  • Figure 3: Software market segmentation, by industry sector, 2021
                  • Figure 4: Packaged software market segmentation, by industry sector, 2021
                  • Figure 5: Proprietary software market segmentation, by industry sector, 2021
                • Companies and brands
                  • Typical technology structure
                    • Figure 6: Global M&A software deals, 2011-21
                  • The UK sector
                  • Issues and Insights

                    • M&A activity continues buoyancy
                      • Figure 7: Global M&A software deals, 2011-21
                    • So many developments
                    • Market Size and Performance

                      • A large market
                        • Figure 8: Market size for software, 2016-21
                        • Figure 9: Comparison of software sales development with GDP, 2016-21
                        • Figure 10: Segmentation between packaged and proprietary software, 2016-21
                    • Market Forecast

                      • Strong prospects
                        • Figure 11: Software outlook, 2022-27
                      • Growth despite macroeconomic impacts
                          • Figure 12: Market forecast for software, 2021-26
                        • Market drivers and assumptions
                          • Figure 13: Key drivers affecting Mintel’s market forecast, 2016-26
                        • Forecast methodology
                        • Market Segmentation by Industry

                          • Introduction
                            • Figure 14: Software market segmentation, by industry sector, 2021
                            • Figure 15: Packaged software market segmentation, by industry sector, 2021
                            • Figure 16: Proprietary software market segmentation, by industry sector, 2021
                          • Agriculture and forestry
                            • Figure 17: Trends in software sales to the agriculture and forestry sector, 2016-21
                          • Mining and quarrying
                            • Figure 18: Trends in software sales to the mining and quarrying sector, 2016-21
                          • Manufacturing
                            • Figure 19: Trends in software sales to the manufacturing sector, 2016-21
                          • Electricity and gas
                            • Figure 20: Trends in software sales to the electricity and gas sector, 2016-21
                          • Water
                            • Figure 21: Trends in software sales to the water sector, 2016-21
                          • Construction
                            • Figure 22: Trends in software sales to the construction sector, 2016-21
                          • Retail and wholesale
                            • Figure 23: Trends in software sales to the retail and wholesale sector, 2016-21
                          • Transport, logistics and storage
                            • Figure 24: Trends in software sales to the transport, logistics and storage sector, 2016-21
                          • Accommodation and restaurants
                            • Figure 25: Trends in software sales to the accommodation and restaurants sector, 2016-21
                          • Information, communications, broadcasting and publishing
                            • Figure 26: Trends in software sales to the information, communications, broadcasting and publishing sector, 2016-21
                          • Insurance, finance and banking
                            • Figure 27: Trends in software sales to the insurance, finance and banking sector, 2016-21
                          • Real estate
                            • Figure 28: Trends in software sales to the real estate sector, 2016-21
                          • Professions
                            • Figure 29: Trends in software sales to the profession sector, 2016-21
                          • Administration
                            • Figure 30: Trends in software sales to the administration sector, 2016-21
                          • Public administration
                            • Figure 31: Trends in software sales to the public administration sector, 2016-21
                          • Education
                            • Figure 32: Trends in software sales to the education sector, 2016-21
                          • Health
                            • Figure 33: Trends in software sales to the health sector, 2016-21
                          • Arts and entertainment
                            • Figure 34: Trends in software sales to the arts and entertainment sector, 2016-21
                          • Other services
                            • Figure 35: Trends in software sales to other services sector, 2016-21
                        • Market Drivers

                          • Macroeconomic Issues
                            • The conflict in Ukraine will hurt the UK economy
                              • GDP reached pre-pandemic levels in November 2021…
                                • …but the post-COVID-19 bounce-back will be followed by a period of slower growth
                                  • Employment has held up better than expected
                                    • Inflation is the key concern for 2022 for consumers, brands and the economy
                                      • Consumers’ financial wellbeing has slipped from its recent high point…
                                        • Figure 36: Household financial wellbeing index, 2016-22
                                      • …and concerns over inflation are coming to the fore
                                        • Figure 37: Consumer concerns about household finances, 2021-22
                                      • Digitisation continues to grow
                                        • Global expansion
                                          • Figure 38: Worldwide internet usage, by region, 2021 (millions and %)
                                        • UK expansion
                                          • Figure 39: UK adult internet usage, 2013-20
                                          • Figure 40: Percentage of companies and charities with digital services, 2021
                                        • COVID-19 accelerated the trend
                                            • Figure 41: Location of working adults, 2020-21
                                        • Industry Structure

                                          • Overview
                                            • Business and domestic software
                                                • Figure 42: Development of the business and domestic software publishing industry, 2017-21
                                                • Figure 43: Composition of the business and domestic software publishing industry, 2021
                                              • The customisation sector
                                                  • Figure 44: Development of the computer consultancy industry, 2017-21
                                                  • Figure 45: Composition of the computer consultancy industry, 2021
                                                • Other software publishing
                                                    • Figure 46: Development of the other software publishing industry, 2017-21
                                                    • Figure 47: Composition of the other software publishing industry, 2021
                                                • Company Profiles

                                                  • IBM
                                                    • Activity
                                                      • Performance
                                                        • Figure 48: Segmentation of IBM revenues, 2021 ($ million)
                                                        • Figure 49: Financial performance of IBM United Kingdom, 2016-20 (£ million)
                                                      • Strategy
                                                        • Micro Focus International
                                                          • Activity
                                                            • Performance
                                                              • Figure 50: Financial performance of Micro Focus International, 2017-21 ($ million)
                                                              • Figure 51: Revenue segmentation of Micro Focus International, by product, 2021 ($ million)
                                                              • Figure 52: Revenue segmentation of Micro Focus International, by stream, 2021 ($ million)
                                                            • Strategy
                                                              • Microsoft Corporation
                                                                • Activity
                                                                  • Performance
                                                                    • Figure 53: Segmentation of Microsoft Corporation revenues, 2021 ($ million)
                                                                    • Figure 54: Financial performance of Microsoft Ltd, 2017-21 (£ million)
                                                                  • Strategy
                                                                    • Oracle Corporation
                                                                      • Activity
                                                                        • Performance
                                                                          • Figure 55: Revenue segmentation of Oracle Corporation, 2021 ($ million)
                                                                          • Figure 56: Financial performance of Oracle Corporation UK, 2017-21 (£ million)
                                                                        • Strategy
                                                                          • Salesforce.com
                                                                            • Activity
                                                                              • Performance
                                                                                • Figure 57: Revenue development of Salesforce.com, 2017-22
                                                                                • Figure 58: Segmentation of subscription and support revenues of Salesforce.com, 2021 and 2022 ($ million)
                                                                                • Figure 59: Financial development of Salesforce UK, 2017-21 (£ million)
                                                                              • Strategy
                                                                                • SAP
                                                                                  • Activity
                                                                                    • Performance
                                                                                      • Figure 60: Revenue development of SAP, 2017-21 (€ million)
                                                                                      • Figure 61: Revenue segmentation of SAP, 2021 (€ million)
                                                                                      • Figure 62: Financial performance of SAP UK, 2016-20 (£ million)
                                                                                    • Strategy
                                                                                    • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                        • Abbreviations
                                                                                        • Appendix – Forecast Methodology

                                                                                          • Market forecast and prediction intervals
                                                                                            • Figure 63: Market forecast for software, 2021-26 (£ billion)
                                                                                          • Market drivers and assumptions

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