Fastest Growing Industries in the UK by Revenue Growth (%) in 2020

1. Open-Ended Investment Company Activities in the UK

2019-2020 Revenue Growth: 179.4%

Open-ended investment companies (OEICs) and unit trusts are both types of collective investment schemes that can adjust their portfolios to maximise returns, given a specific investment remit. The size of the fund depends on demand for fund shares, which are created and cancelled upon purchase and redemption. As a result, the fund size is proportional to its investment performance. OEICs are priced to reflect the net asset value of their investments and may have multiple share classes. Funds invest in a range of assets, including domestic and global equities, government and corporate fixed-income securities, and a range of derivatives. While... Learn More

2. Life Insurance in the UK

2019-2020 Revenue Growth: 98.5%

The Life Insurance industry generates revenue from investment returns and premiums. Premium income is expected to increase at a compound annual rate of 5.7% over the five years through 2020-21, supported by the commercial market. Bulk annuities have boomed in popularity, and employers are becoming more focused on providing valuable benefits to employees and considering group products that reduce long-term absence and support staff health and well-being.

Investment income has lulled over the period. Revenue derived from fixed-income assets has struggled against a backdrop of loose monetary policy and low interest rates, while equities have battled against concerns relating to a... Learn More

3. CRM System Providers in the UK

2019-2020 Revenue Growth: 43.1%

The CRM System Providers industry sells software or platforms for customer relationship management (CRM). CRM is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. Industry services have expanded to include the automation of many back-office roles, sales procedures and marketing personalisation. CRM system providers may also offer training to customers on the use of software and consultations to see the best implementation of CRM software.Over the five years through 2019-20, the CRM System Providers industry’s revenue is expected to rise at a compound annual rate of 56.5%. This is primarily due to the meteoric rise of Salesforce, which has grown to dominate... Learn More

4. Language Learning Software Developers in the UK

2019-2020 Revenue Growth: 41.3%

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

5. Healthcare Construction in the UK

2019-2020 Revenue Growth: 26.3%

Operators in the Healthcare Construction industry are contracted to construct, repair, maintain and alter health and social care buildings and facilities on behalf of both private- and public-sector entities. While private finance plays an important role in the funding of healthcare real estate and infrastructure development, whether to fund projects in the private healthcare market or to bankroll private finance initiatives (PFIs) and other public ventures, the capital departmental expenditure limit (DEL) of the Department of Health and Social Care (DHSC) underpins healthcare construction procurement in the National Health Service (NHS) and among NHS trusts. Healthcare estate provides the foundations for the... Learn More

6. Online Food Ordering & Delivery Platforms in the UK

2019-2020 Revenue Growth: 26.2%

Industry players can be split into two categories: aggregators and new delivery platforms. Aggregators offer access to a range of food outlets through a single online portal, and generate revenue through a restaurant sign-up fee and commission on an order. Traditionally, aggregators do not operate a delivery fleet, with the food outlet instead handling delivery. On the other hand, new delivery platforms such as Deliveroo and Uber Eats offer delivery logistics. For new delivery operators, revenue is usually composed of restaurant sign-up fees, commission on orders, as well as delivery and service fees, paid by the consumer.

Over the five years... Learn More

7. Audiobook Publishing in the UK

2019-2020 Revenue Growth: 25.0%

The 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 over the past five years is encouraging when taking into account the difficult conditions that have characterised the wider UK Book Publishing industry (IBISWorld report J58.110). Over the five years through 2020-21, industry revenue is expected to grow at a strong compound annual rate of 19%. IBISWorld expects that... Learn More

8. Immersive Technology in the UK

2019-2020 Revenue Growth: 22.8%

Immersive technologies, or extended reality (XR) – an umbrella term for virtual reality, augmented reality, mixed reality and haptics - integrate visual content with the physical environment, thus ‘immersing' the user of associated devices (such as head-mounted display (HMD) units) in a simulated setting. Firms in the Immersive Technology industry design and develop immersive visualisation software programs, systems and networks. Players then sell these solutions and the intellectual property to clients under licence. They may also undertake bespoke projects related to the development of XR and associated content on behalf of clients, generating revenue and profit by charging clients a... Learn More

9. Juice, Mineral Water & Soft Drink Wholesaling in the UK

2019-2020 Revenue Growth: 22.2%

Over the five years through 2020-21, IBISWorld expects industry revenue to increase at a compound annual rate of 10%, although this masks a significant degree of revenue volatility. The industry faced a challenging start to the five-year period with highly volatile input prices, predominantly sugar, which caused significant revenue fluctuations. Regulatory pressures have also affected the industry's performance. Following the announcement of the Soft Drinks Industry Levy (SDIL) in March 2016, upstream operators have reformulated product lines and introduced a variety of low-sugar, low-calorie soft drinks. Expanded product ranges have supported industry revenue growth since 2016-17. Falling alcohol consumption has... Learn More

10. Peer-to-Peer Lending Platforms in the UK

2019-2020 Revenue Growth: 22.0%

The rapid growth of the Peer-to-Peer Lending Platforms industry has begun to slow as the industry matures and the initial wave of firms entering the industry stabilises. Nevertheless, over the five years through 2019-20, industry revenue is expected to grow at a compound annual rate of 43.1%. Three firms have emerged as dominant players in the industry and together account for the overwhelming majority of revenue. The most major development in the industry has been the introduction of regulation which has changed the operating procedures of firms. During the base year of the past five year-period, 2014-15, it became mandatory for the... Learn More