With inflation running rampant, it’ll be valued $2tn by next week.
A lot of people don’t realise that the UK is overwhelmingly the technology hub of Europe. It’s not as big in pop culture as Silicon Valley and it’s often outshone in the UK by finance, banking, and entertainment.
>In 2018, the UK tech ecosystem was valued at $446bn. But a growth surge between 2020 and 2021 – accelerated by rapid digital transformation during the pandemic – helped propel the UK tech ecosystem by 42% towards the $1tn milestone.
That’s crazy!
Here’s some other Tech hub countries for comparison,
Tech industry is valued at ~$350b for South Korea (2020),
~$200b for India (2020)
~$100b for Japan (2020)
~81b for Israel (2021)
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With inflation running rampant, it’ll be valued $2tn by next week.
A lot of people don’t realise that the UK is overwhelmingly the technology hub of Europe. It’s not as big in pop culture as Silicon Valley and it’s often outshone in the UK by finance, banking, and entertainment.
>In 2018, the UK tech ecosystem was valued at $446bn. But a growth surge between 2020 and 2021 – accelerated by rapid digital transformation during the pandemic – helped propel the UK tech ecosystem by 42% towards the $1tn milestone.
That’s crazy!
Here’s some other Tech hub countries for comparison,
Tech industry is valued at ~$350b for South Korea (2020),
~$200b for India (2020)
~$100b for Japan (2020)
~81b for Israel (2021)