“Study published by the Department for Science, Innovation and Technology finds that public sector bodies collectively work with 2,000 individual providers across a yearly total of more than 5,000 contracts.”

Key takeaways:

✅ About 40% of public sector providers – almost 800 firms – are classified as medium or large providers, with the remaining 1,200 characterised as SMEs or micro-businesses.

✅ A total of 5,349 deals were awarded to managed services providers (MSPs) by public bodies during the 2022 calendar year

✅ £16.6bn of the £22.9bn in public-sector deals awarded between January 2020 and July 2023 – equating to 72.5% – was spent with the top 25 MSPs

✅ There are currently an estimated 1,999 MSPs supplying services to government

You can find out more in the link to the article below

https://www.publictechnology.net/2024/02/14/business-and-industry/government-annual-managed-service-spend-more-than-doubles-in-two-years-to-7-4bn/