Apple, Google and Facebook are all leading the way as the world’s most successful tech titans, so it’s no surprise that America is at the forefront of people’s minds when they think of the technology industry.
But where does Europe fit into the picture?
The below map infographic, made by MyVoucherCodes, shows a few of the continent’s household tech names as well as some lesser known companies. Each country has been labelled with one of its biggest tech companies, based on valuation, and each map has been categorised into groups – Titans ($50bn+), Decadons ($10-50bn), Unicorns ($1bn+) and Rising Stars (potential to reach $1bn).
At the top of our list we have SAP SE – a German software company that develops enterprise software for business operations and customer relations. Having recently opened its very own cloud data centre in the UAE, SAP’s move signifies Europe’s desire to follow the US with its growing appetite for the Middle Eastern market.
As for Decadons, it’s the Nordic countries that are racing ahead. With companies such as Spotify, Nokia and Skype, Sweden and Finland have excelled in producing brands that demonstrate how to use technology as a means of communication and sharing information.
Other markets which continue to soar in this category include the semiconductor industry, automotive market, and providers of information, data and services.
Europe has just shy of 50 tech unicorns, according to Business Insider. And while the UK may have the largest cumulative value of all European countries, Sweden, Germany, Israel and Russia (all of which are home to major Decadon companies) aren’t far behind.
Our research found that Europe is commonly home to software unicorns – the most valuable on this list being Ireland’s Fleetmatics. The e-commerce industry also remains a strong player in the field thanks to the likes of Just Eat, Yoox, Net-A-Porter and Allegro, and European online gaming companies such as PokerStars, Bwin and Evolution Gaming are all making their mark.
Last but by no means least, we wanted to wave the flag for some of the continent’s lesser-known companies. Despite their smaller valuations, these tech businesses are all being recognised for their pioneering developments and have a great deal of potential.
Electric car manufacturer, Rimac Automobili, was listed on this year’s Financial Times’ ‘1000 Europe’s Growing Fastest Companies’ and has signed deals to provide components for world-class car manufacturers including Aston Martin and Jaguar.
To conclude, Europe still has a long way to go to become a fully-fledged tech juggernaut, but it’s made some tremendous strides in recent years. The UK may be hailed by many as Europe’s technology capital, but it’s not the only country driving success or producing billion-dollar companies. Europe’s potential to create tech titans is at an all-time high and it’s time to start rethinking the structure of our tech ecosystem to maximise these opportunities.
This infographic was made by MyVoucherCodes
Europe’s Tech Companies, courtesy of My Voucher Codes