Technology is booming as a major industry, and as a result tech centers are growing, evolving and emerging as the demand for more digital solutions increases. In the European Union, this year sees London, Paris and Berlin – the German capital that knocked Dublin off top spot for the first time – take first place in 2022.
The list is based not only on the number of technology companies already operating in each city, but also on factors that affect a company’s ability to grow, access to skilled workers, and the work-life balance of its employees. Factors such as market composition, salary levels, quality of life, and top employers already employed in each city are taken into account. Companies need to access financing and take into account the current and already thriving tech landscape.
It should be noted that while the current top three are in Western Europe, research shows that cities in Eastern Europe such as Sofia, Prague, Bulgaria and Budapest are gaining ground. It remains an exciting option for tech companies looking to headquarter in progressive locations, with reasonable salaries, rent and access to an almost deep talent pool. 150,000 workers.
Another location worth following closely is Tel Aviv in Israel, which in the past year has seen an increase in tech companies $125.6 billion, more than double the previous year. So while these emerging tech hubs are a viable option for startups and daring investors looking to expand, they are also an interesting proposition for those working in the broader technology or cloud sector or looking to find a cheaper cost of living in a city with prospects Real functional.
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London, United Kingdom
London remains the top technology center in Europe, with tech companies increasing in the city 18.4 billion dollars in 2021. This is more than double the amount raised by the Berlin-based companies, so it will give context to the sheer scale and potential within the London tech scene. Add to that the fact that in 2021 London added 20 rhinos to its ranks.
Among them are e-commerce site Depop, fintech company GoCardless, and insurance-disabled Marshmallow, raising the number of tech companies. working in london to over 19,000. Heavy hitters operating from the capital include EE, Facebook, Amazon and Cisco. London also outperforms its weight in the fintech sector, owning more than 10% of global market share.
While the UK boasts a skilled workforce, there can be no dispute that Brexit and the rising cost of living in the city have made London less attractive to workers than before. However, this change has not been resonated by investors looking to find the best opportunities. In fact, in addition to being the top tech hub in the European Union, London has also been ranked as the second best city for tech startups in the world. The Global ecosystem for startups The report stated that London ranked among the highest cities in terms of access to early-stage financing and “connectivity”, that is, the startup’s ability to increase its global reach. Interested in working here? You can check Technical jobs in London here.
The low cost of living coupled with a deep talent base has made Berlin one of the most attractive tech centers in the world – it has been ranked as the second best tech center in Europe. It is the number one choice for startups, as the city outperforms London with its emerging infrastructure, talent base, and vibrant community.
Berlin is also ranked as one of the countries in the world top five Top Fintech sites, with Unicorn startup N26, Trade Republic and WeFox, are all currently located in town and have so far raised $850 million in 2022 alone. For those who want to dig deeper, you can explore some of the roles Currently hiring in the city here.
The French capital took its place in the top three this year, thanks in large part to President Macron’s tech-friendly initiatives and incentives and the fact that it’s home to the world’s largest startup campus, V Station.
Paris also remains attractive to the sector due to its skilled workforce, which is ranked Number one in the European Union The number of its scientists, engineers and researchers in science and technology is higher than anywhere else. You can discover All roles open in the city over here.
There are currently 12,000 tech companies operating in Paris, and last year they raised $6.5 billion (6.2 billion euros) – a figure that Europe topped only London and Berlin. The heavy hitters currently operating in Paris are Criteo and Talend, while Fintech and biotech are the city’s largest employers.
In fact, the first three weeks of 2022 saw Paris add three additional unicorns to its roster of 27. A number that President Macron hopes to increase to 100 by 2030 as part of the country’s technology development plans, making it clear that when it comes to technology, Paris is in it in the long run.
If you are looking for a job in any of Europe’s tech hubs from Berlin to Barcelona, explore the Tech.EU Job Board today, and get ready to find your next step.
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