Industries in Growth Stage of Life Cycle in the UK in 2024

1. Real Estate Investment Trust Activities in the UK

2024 Units *: 31.3

Over the past five years, there have been drastic changes in the United Kingdom's economic landscape. The booming real estate values that previously allowed real estate investment trusts (REITs) to prosper declined sharply during the financial crisis. With many REITs forced to sell at the bottom of the market, the industry still has great ground to cover to make up for the falls of 2007-08 and 2008-09.

Several REITs were fortunate to survive the credit crunch. Their highly leveraged structures forced many to dispose of assets when the property market was at its lowest. This move further reduced rental property income... Learn More

2. Language Learning Software Developers in the UK

2024 Units *: 23.2

Industry operators create language-learning software, which includes features such as language-learning games, speech-recognition technology, online practice sessions with native speakers and language exchange platforms. Over the past five years, the industry has expanded substantially, with revenue estimated to grow at a compound annual rate of 26.4%. This impressive result is in part explained by the fact that the industry is relatively young, as the majority of its companies have been operating for less than 10 years. Language learning applications have grown massively in popularity among consumers, providing a cheaper alternative to traditional face-to-face courses, while allowing greater flexibility to users... Learn More

3. Immersive Technology in the UK

2024 Units *: 21.0

Immersive technologies (i.e. virtual reality (VR), augmented reality (AR), mixed reality (MR) and haptics) integrate visual content with the physical environment, thus “immersing” the user of associated devises (e.g. head-mounted display (HMD) units) in a simulated setting. Operators in the Immersive Technology industry design and develop immersive visualisation software programs, systems and networks. Operators subsequently sell these solutions (i.e. intellectual property) to clients under licence and may also undertake bespoke projects related to the development of immersive tech and related content on behalf of clients, generating revenue and profit by charging clients a fee. The manufacturing of tangible products on... Learn More

4. Financial Technology in the UK

2024 Units *: 18.8

Businesses in the Financial Technology (FinTech) industry integrate finance and technology in ways that provide a variety of new services to businesses and consumers. Many of the services offered by FinTech companies had previously been delivered by traditional financial institutions such as banks. The UK FinTech industry is highly fragmented and expanding quickly. Areas such as peer-to-peer lending, money transfer, and digital banks have performed especially strongly over the past five years.

The industry heavily relies on third-party financing. Improving economic conditions over the past five years have supported funding from both private and public sources. Government initiatives have identified the... Learn More

5. Fraud Detection Software Developers in the UK

2024 Units *: 18.3

Operators in the Fraud Detection Software Developers industry develop algorithms and software to detect fraudulent activity, such as payment card fraud, money laundering activities, identity theft, and insurance and subscription fraud. The number of activities conducted on the web, including online commerce and online banking, has surged in recent years, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information is kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence (AI) has shifted industry interest from rule-based... Learn More

6. Chemical & Fertiliser Mineral Mining in the UK

2024 Units *: 17.8

This industry's main product is potash, most of which is destined for use in the manufacture of fertiliser. Small amounts of baryte, mainly used as an input to drilling fluids for hydrocarbon exploration and production, are also mined. The industry also extracted fluorspar (used by the chemical industry to make hydrofluoric acid), but production is poised to cease at the end of 2010. Total potash output in the United Kingdom typically amounts to about 700,000 tonnes per year.

The industry is expected to generate revenue of about £222.2 million in 2010-11, compared with £203.9 million in 2005-06. The growth reflects higher... Learn More

7. Venture Capital in the UK

2024 Units *: 17.3

The Venture Capital industry has seen healthy growth over the past decade, as investors increasingly turn to private markets, seeing the benefits of greater returns and portfolio diversification that a venture capitalist can offer. From being a niche area of finance consisting of old-school investors and investment bankers, venture capital has evolved to allow investors to capitalise on new technologies and innovations that could disrupt and shape the future. This phenomenon has become all too common in recent years, with the rapid pace of technological change giving rise to exciting advancements like generative AI.

Venture capital revenue is projected to grow... Learn More

8. Gin Production in the UK

2024 Units *: 15.7

The performance of the Gin Production industry is contingent on demand for gin from downstream on-trade and off-trade outlets, which in turn is influenced by income levels, societal trends and consumer preferences. Alcohol consumption per capita has been constrained over the past five years, amid rising pressures on household income levels and campaigns highlighting the negative health effects associated with alcohol. Despite this, sales of gin have soared, with strong demand largely underpinned by an influx of craft distillers in premium segments of the market. Industry revenue is expected to increase at a compound annual rate of 19.9% over the five years through 2019-20,... Learn More

9. Audiobook Publishing in the UK

2024 Units *: 15.2

The UK Audiobook Publishing industry includes businesses involved in the design, marketing and distribution of audiobooks. Audiobook publishers hold rights to book titles and may publish content in solely audio form or, more commonly, in conjunction with print and e-book editions of the work. The industry is growing and its progress in recent years is encouraging when compared with the difficult conditions that have characterised the wider UK book publishing industry. Over the five years through 2013-14, industry revenue is estimated to grow at a robust compound annual rate of 6.8%. Audiobooks were first introduced nearly 80 years ago, however... Learn More

10. Telehealth Services in the UK

2024 Units *: 14.8

The Telehealth Services industry uses digital technology to deliver medical services - including the diagnosis, treatment, assessment and monitoring of health concerns - and health education by connecting multiple users in different locations. Telehealth services are often provided through electrical devices such as phones and video conference systems. Telehealth systems are often used to support people with long-term health conditions such as diabetes or cancer to self-manage their conditions, remain more independent. The industry's services are also used to reduce hospital stays, enable earlier hospital discharge, and reduce the population's dependency on primary health and GP services.

Industry revenue has expanded... Learn More