Data Processing & Hosting Services in the UK - Industry Market Research Report

Data Processing & Hosting Services in the UK - Industry Market Research Report

Data Processing & Hosting Services in the UK

The Data Processing and Hosting Services industry has transformed over the past decade, with the growth of cloud computing has created new markets. Demand surged in line with from increased demand from banks and a rising number of mobile connections. Many companies regard cloud computing as an innovative way of reducing their operating costs, which has led to the introduction of new services that make the sharing of data more efficient. However, the lower revenue associated with cloud technology has constrained revenue. Over the five years through 2022-23, revenue is expected to edge upwards at a compound annual rate of 1.1% to reach £8.5 billion. Additionally, industry profit has improved as a result of increased IT adoption, which has expanded the potential market.

The industry includes companies that provide infrastructure for hosting, data processing services and related activities. Specifically, these include web and application hosting, streaming services, and providing mainframe facilities, data processing and data entry services. The industry excludes any activities where the supplier only uses the computer as a tool.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."