strong revenue and employment growth
UK safety tech sector sees strong revenue and employment growth
UK "safety tech" companies saw a revenue increase of 21% over the past year to reach £381m, making it one of the fastest-growing sectors of the UK tech industry, according to a government-backed sectoral analysis. Conducted by Perspective Economics on behalf of the Department for Digital, Culture, Media and Sport (DCMS), the UK safety tech sector: 2022 analysis found that the number of companies delivering safety tech products and services grew by 17% to 117, with jobs in the sector increasing by 30% to total 2,850. Of the 117 safety tech companies identified by the analysis, 57% are based outside London and the South East, with hotspots in Leeds and Edinburgh, and emerging centres of activity in Greater Manchester, Oxford, Bristol and Belfast. "There are encouraging signs of newly registered startups, particularly in the domains of tackling disinformation and developing new approaches to content moderation and video and image analysis at scale," said the analysis. "Existing firms specialising in communication and semantics are also moving into the safety tech domain. "As a result of considerable growth within UK safety tech, there has been sustained interest from the investment community.