Powered by people and technology in 2018: the technology sector view

Our survey, completed by 652 business leaders from across the UK, reveals remarkable resilience amongst owner managed businesses (OMBs) with many performing better than expected last year. This view is shared in the tech sector where businesses have more confidence this year, reflecting recovery from the Brexit referendum result. 75% of technology OMBs are somewhat or very confident about the general outlook for 2018 – up from 67% in last year’s survey.

They remain relatively upbeat and are still more optimistic about the general outlook for 2018 than OMBs generally: 75% of tech businesses are expecting improved performance in 2018. Investment in developing new products and services is the top strategy with third of them seeking international expansion as well. However, there are continuing concerns about the strength of the UK economy, which is the top-ranked economic concern among tech OMBs.

Read the full report here.

If you would like further information on the above or find out about our services, please contact Mark Ayres.


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