​The Tech Market and its Opportunities

Paul Cordingley     Creative & Tech Data

We’ve seen stories of tech layoffs, hiring freezes and disruption within some of the world’s largest and most well known technology businesses in recent months – it’s been unavoidable.

Yet, if you dig a little deeper, you’ll see it’s not all doom and gloom for the digital and technology sectors, and things are far brighter than the media would have us believe.

According to reports, the UK tech sector is still attracting significant investment.*

By 2025 the creative sector is expected to contribute more and £28bn more than in 2022. Digital technology as a whole could grow the economy by over £413 billion** by 2030, equivalent of 19% of the entire UK economy!

A move towards digital transformation remains a key consideration for businesses looking to become more resilient in the face of a potential recession. This has resulted in rising demand for talent with the requisite digital and technology skills, both to meet the needs of businesses today and in the future.

In fact, more than 350,000 tech jobs have been created in the UK over the last three years and the creative industries could create more than 300,000 jobs by 2025.

growthcapitalventures.co.uk (2023)
** awsdigitaldecade.publicfirst.co.uk (2022)

The above has been taken from The Digital Gravity Market & Salary Review 2023.

Digital Gravity have recently carried out a comprehensive review to deliver insight and analysis into the digital markets in 2023, including a breakdown of salaries within the digital marketing, creative, tech and data sectors.

Download a free copy of The Digital Gravity Market & Salary Review 2023 here and we hope you enjoy the read.