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The UK Digital Market Research

The digital sector is the segment of an economy that refers to any job that is associated with working online or anything that will be online. Jobs that are commonly associated with the digital sector are jobs such as Website, Mobile application or software development as well as differing forms of digital marketing; However, there are some jobs that aren’t as commonly associated such as insight. This market spans the globe and is a rapidly developing and expanding market that generates millions of jobs around the world.

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UK Business – A Brief Summary since 2000

In this blog post, we are going to represent a statistical analysis of businesses in the UK. It includes some information on the business statistics since 2000 and it covers a range of subjects like the number,  size, and industry of the UK businesses in that range of time.

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Oriental food Market analysis

With research suggesting that around 95% of all adults eat out and 31% of adults eating out once or more per week, it is clear to see that this is a market of immense volume. This further suggesting that the potential market for oriental food is also one of the vast possibilities. The Bar chart below illustrates the varying popularity of various Pan-Asian cuisines, Chinese clearly being that of highest popularity with 87% of surveyed respondents liking this.

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UK Consumer expenditure on food , drink and catering (2016)

Total consumer expenditure on food, drink, and catering has continued to rise, by 2.1% in 2016 to £203 billion. Expenditure on food (including non-alcoholic drinks) increased by 0.3% to £96 billion.

Spend on alcoholic drinks increased by 4.0% and catering increased 3.8%. Spend on food shopping has increased 24% since 2008. In 2016 it accounted for 47% of spend in the sector.

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Asset Management in the UK (2016)

As reported by the FCA, as of November 2016, there were 1,840 asset management firms authorized within the vicinity of the UK. Within this sector in the UK, there are around £6.9 trillion of assets under management (AUM). The retail sector accounts for around £1tn of these assets and around £3tn of this is managed on behalf of pension funds and various other institutional investors, such as hedge funds, REITs, and insurance companies. It can be estimated that the final sum of around £2.7tn managed within the UK is on behalf of overseas clients.

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Asset Management in the UK _ Market size

As of September 2016, the number of authorized asset management firms that operated within the UK stood at 1840, having increased 2% from a rough 1800 in 2014. 

As of 2014, classified to the IA sectors, there were an additional 104 newly introduced funds that generated an additional £60 billion in sales and investment over the period of that year. In the following year 2015, an additional 175 new funds were introduced into the UK asset management sector. Within these newly introduced funds, it is evidenced by the FCA, that equities are predominantly the most common asset class. It is still suggested by the FCA that the asset management sector will continue to grow, not only in terms of AUM but also in terms of net inflow into funds. 

The top 10 asset managers have under their management around 47% of the total market's assets under management. This has remained a fairly constant phenomenon since the early 1990’s, although the top 10 asset managers have changed over time. However, it is shown that this market share can vary dependent upon the subsector that is being referred to. For example, within the sector of liability driven mandates (LDM), the top three asset management firms would account for a rough 90% of the speculative value of assets under management.
The market for pooled investment mandates, although being less concentrated than LDM’s, would still account for 75% concentration across the top three asset managers.

Based off of the most recent data acquired by the FCA the UK, as of the end of 2014, hit an all-time record with a recorded £6.8trillion in assets under management in the UK fund industry, of which £5.7 trillion was managed by Investment Association members.

Howeve , TheCityUK estimates that funds managed in the UK increased by between 4% and 5% in the first half of 2015 to around £7.1 trillion, with the full year increase likely to have reached over 9%. This makes the UK the second largest global center for fund management, falling behind the USA, with 6.6% of the total global assets under management.

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The main issues within the IT sector in the UK

The growth of the digital economy and the pace at which new technologies are emerging mean that IT and computing graduates are more valuable to employers than ever before. There is a skills shortage in the IT sector, particularly in a number of key roles.

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UK Mobile Application Industry (2017)

Mobile application development is a term that is used to denote the act or process of developing software, otherwise known as an application, for a mobile device, such as a tablet or a mobile phone. As demonstrated in the consumer analysis, Smartphone’s are becoming more and more popular with 71% of adults within the UK now owning a smartphone.

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The Future of Cloud Computing

Research reports have gone to suggest that entrepreneurs and small business owners work, on average, around 60+ hours per week. AutoMate conducted research and found that entrepreneurs could save about 15-20 hours of work each week by incorporating automation software into their business. By automating tasks such as sending recurring invoices, payment reminders, creating email campaigns and more, entrepreneurs will have more free time in their day.


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Uk Market Size and Growth

Size and Growth

  1. There were 5.5 million private sector businesses at the start of 2016 an increase of 97,000 since 2015 and 2.0 million more since 2000.
  2. The number of employing businesses increased by 14,000 and the number of sole trader/self-employed businesses by 84,000, with the annual growth for both groups being around +3%.

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