Deloitte & Touche has declared the UK technology industry "fit and well" in its second annual survey.
The survey targeted over 2,000 technology companies from a variety of sectors including software, hardware, biotechnology and telecommunications.
Results revealed that the industry is in a strong position, revealing high levels of optimism at a time when corporate activity is generally moving quickly.
Access to skilled staff and concerns about wage inflation are still major issues, and 29 per cent of companies claim they see sales and marketing as their biggest challenge, after finding skilled staff.
However, once the companies have found the staff, the survey suggests that they are doing all the right things to keep them. On top of traditional reward schemes, approximately half the companies now offer equity options.
The USA and UK are viewed as the best countries for market expansion.
Correspondingly, the biggest threats are seen to come from the USA or domestic rivals.
Europe is seen to be an increasingly attractive market but European companies are perceived as being of little threat.
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