Safety tech providers deliver products and services that enable safer online experiences for citizens. The independent report, "The UK Safety Tech Sector: 2021 Analysis", considers growth of this sector in the UK during 2020. It finds that, over the past year:
- the number of safety tech companies has increased by 43%, to 100 firms;
- sector revenues have grown by 39%, to £314 million;
- sector employment has grown 29%, to an estimated 2,200 Full-Time Equivalent (FTE) employees;
- sector companies raised £39 million across 22 deals;
- more than half (52%) of UK safety tech companies have an identifiable international presence; and
- UK providers of online safety tech hold an estimated 25% of the global market share.
To read the Government's press release and for a link to the Analysis, click here.
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