A SCOTTISH membership and cluster management organisation has published the latest industry report about the technology sector.
The organisation, ScotlandIS specialises in the digital technologies industry and according to the report, nearly 80% of the Scottish tech sector is optimistic for 2024 according to its 2024 report.
ScotlandIS’ Technology Industry Survey said 78% of respondents had expressed optimism for 2024, up from 72% last year.
Of those surveyed, 90% of respondents expect sales to grow this year, whilst 10% expect sales to remain stagnant and 29% that predicted a rise by more than a fifth in sales.
ScotlandIS CEO, Karen Meechan, said: “Time and again, the tech sector in Scotland has provided a source of great economic optimism. The responses to this year’s survey are further proof of this.
“During one of the toughest economic periods in a generation, these figures show how robust our industry really is.”
70% of businesses surveyed said they were expecting their headcount to increase in the next 12 months whilst only 2% had plans to cut jobs.
ScotlandIS said businesses are turning to recent graduates to fill some plans of expansion with 62% planning to hire recent graduates.
Meechan said: “With sales and job opportunities both expected to rise, the positive impact Scottish tech has on the national economy is only set to increase.
“However, it remains vital that we don’t take this for granted. Like any ecosystem, Scottish tech needs supported and cultivated in order for growth to continue.”
Meechan added: “I only hope the positive responses to this year’s survey will reiterate the potential that exists within Scottish tech and remind policy makers how much the industry can contribute to Scotland’s economic prosperity.”
