Independent report

UK Safety Tech Sectoral Analysis

A Sectoral Analysis of UK Online Safety Technology, published in May 2020 and updated in May 2021.

Documents

Details

The UK Safety Tech Sector: 2021 Analysis (May 2021)

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 £314m i
  • Sector employment has grown 29%, to an estimated 2,200 Full-Time Equivalent (FTE) employees.
  • Sector companies raised £39m across 22 deals.
  • More than half (52%) of UK safety tech companies have an identifiable international presence.
  • UK providers of online safety tech hold an estimated 25 per cent of the global market share.

‘Safer technology, safer users: The UK as a world leader in Safety Tech’ (May 2020)

The independent study, ‘Safer technology, safer users: The UK as a world leader in Safety Tech’ sets out the first-ever formal definition of the UK safety tech sector, and assesses the performance of companies within it.

The main findings of the report are:

  • The number of dedicated online safety tech firms has doubled in the five years to 2019, with 70 firms identified in the report. Almost half have an international presence.
  • In 2019, the sector generated £226 million in annual revenues, and has grown rapidly with an estimated 35 per cent annual growth rate since 2016.
  • Some of the most established companies (those earning in excess of £5 million) have grown at rates of up to 90 per cent a year, and the report estimates that safety tech revenues could exceed £1 billion by 2025.
  • In 2015, the safety tech sector raised £6 million in external investment across ten deals. By 2019, the figure had increased more than eightfold to £51 million across nineteen deals.
  • The report anticipates the UK is likely to see its first safety tech unicorn (a company worth over $1 billion) emerge in the coming years, with three other companies also demonstrating the potential to hit unicorn status in the early 2020s.

Further information

Published 27 May 2020
Last updated 28 May 2021 + show all updates
  1. Report added to cover 2020/21

  2. First published.