| Summary of disaggregated revenue by geographical split |
Set out below is the disaggregation of the Group’s revenue from contracts with customers by geographical market, based on where the services are delivered to customers: | | | | | | | | | | | | | | | | | | | 2023
£’000 | | 2022
£’000 | | 2021
£’000 | | United Kingdom | £ | 309,365 | | | £ | 270,844 | | | £ | 187,045 | | | North America | 258,112 | | | 228,112 | | | 140,085 | | | Europe | 182,551 | | | 138,005 | | | 107,978 | | | RoW | 44,705 | | | 17,796 | | | 11,190 | | | Total | £ | 794,733 | | | £ | 654,757 | | | £ | 446,298 | |
The Group’s revenue by industry sector is as follows: | | | | | | | | | | | | | | | | | | | 2023
£’000 | | 2022
£’000 | | 2021
£’000 | | Payments and Financial Services | £ | 416,007 | | | £ | 331,842 | | | £ | 226,391 | | | TMT | 173,927 | | | 163,534 | | | 121,045 | | | Other | 204,799 | | | 159,381 | | | 98,862 | | | Total | £ | 794,733 | | | £ | 654,757 | | | £ | 446,298 | |
The Group’s revenue by contract type is as follows: | | | | | | | | | | | | | | | | | | | 2023
£’000 | | 2022
£’000 | | 2021
£’000 | | Time and materials contracts | £ | 646,237 | | | £ | 522,857 | | | £ | 337,084 | | | Fixed price contracts | 148,496 | | | 131,900 | | | 109,214 | | | Total | £ | 794,733 | | | £ | 654,757 | | | £ | 446,298 | |
|
| Disclosure of revenue recognition periods |
This revenue is expected to be recognised over the following time periods: | | | | | | | | | | | | | 2023
£’000 | | 2022
£'000 | | | | | | Less than 1 year | 64,838 | | | 121,735 | | | 1 to 2 years | 17,758 | | | 22,656 | | | 2 to 3 years | 11,823 | | | 13,631 | | | More than 3 years | 9,682 | | | 18,975 | | | Total | £ | 104,101 | | | £ | 176,997 | |
|