{"id":530760,"date":"2022-12-23T18:21:44","date_gmt":"2022-12-23T15:21:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/"},"modified":"2022-12-23T18:21:44","modified_gmt":"2022-12-23T15:21:44","slug":"uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/","title":{"rendered":"#UK tech sector ranks first in Europe with $1 trillion valuation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d9a669c433\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d9a669c433\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/#%E2%80%9CUK_tech_sector_ranks_first_in_Europe_with_1_trillion_valuation%E2%80%9D\" >&#8220;UK tech sector ranks first in Europe with $1 trillion valuation&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/#Breeding_unicorns\" >Breeding unicorns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/#The_new_TNW_Newsletter\" >The new TNW Newsletter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/uk-tech-sector-ranks-first-in-europe-with-1-trillion-valuation\/#Fintech_dominance\" >Fintech dominance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CUK_tech_sector_ranks_first_in_Europe_with_1_trillion_valuation%E2%80%9D\"><\/span>&#8220;UK tech sector ranks first in Europe with $1 trillion valuation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">New research values the UK tech industry at a whopping $1 trillion (\u20ac942 billion)\u00a0 \u2014 making it comfortably the leading ecosystem in Europe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This sector is now worth more than double Germany\u2019s ($467.2 billion) and three times more than France\u2019s ($307.5 billion), according to a report by data provider <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dealroom.co\/\">Dealroom<\/a>. The UK also leads the continent in overall funding, unicorns, and startup numbers.<\/span><\/p>\n<p>                <iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/8c9pux3gvi?videoFoam=true&amp;autoPlay=true\" title=\"\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen=\"\" msallowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">\u201cUK tech has remained resilient in the face of global challenges and we have ended the year as one of the world\u2019s leading destinations for digital businesses,\u201d said Digital Minister Paul Scully in a statement. \u201cThis is good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> and reflects our pro-innovation <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to tech regulation, continuing support for start-ups, and ambition to boost people\u2019s digital skills.\u201d<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Breeding_unicorns\"><\/span><span style=\"font-weight: 400;\">Breeding unicorns<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"inarticle-wrapper growth-quarters channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img class=\"js-lazy\" https:=\"\"\/><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/thenextweb.com\/news\/src=\" https:=\"\"\/><\/noscript><\/p>\n<div class=\"channel-cta-input\">\n<h2 class=\"channel-cta-title\"><span class=\"ez-toc-section\" id=\"The_new_TNW_Newsletter\"><\/span>The new TNW Newsletter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"channel-cta-tagline\">Getting to the heart of the European tech and startup scene<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">Dealroom conducted the research for the Digital Economy Council, which is part of the British government\u2019s Department for Dig<\/span><span style=\"font-weight: 400;\">ital, Culture, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a>, and Sport (DCMS).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The study found that fast-growing UK tech companies raised a near-record \u00a324 billion (\u20ac27.3 billion) during 2022 \u2014 more than France and Germany combined. A total of 144 unicorns and 237 <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessleader.co.uk\/whats-next-for-the-uk-futurecorns\/\"><span style=\"font-weight: 400;\">futurecorns<\/span><\/a><span style=\"font-weight: 400;\"> have now been created in the country \u2014 up from 116 unicorns and 204 futurecorns at the same time last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DCMS credited sustained upskilling, investment, and growth for the expansion of the sector, which now employs 3 million people. The department also noted the UK\u2019s focus on standards and values. It highlighted recent proposals for AI regulation, based on core principles such as safety, transparency, and fairness. DCMS claims it\u2019s taken a less centralized approach than that of the EU.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fintech_dominance\"><\/span><span style=\"font-weight: 400;\">Fintech dominance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The UK becomes the third country to hit <\/span><span style=\"font-weight: 400;\">the\u00a0 <\/span><span style=\"font-weight: 400;\">$1 trillion milestone, after China and the US. A large chunk of this figure comes from British fintech, which dominates Dealroom\u2019s list of the most valuable startups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Amsterdam-based organization named Worldplay, a payments software firm, as the UK\u2019s most valuable tech company. The top five also included Revolut, FNZ, Rapyd, and Blockchain.com.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rounding out the rankings were The Access Group, Checkout.com, Global Switch, JustEat, and ION Group. The combined valuation of the top 10 is $177.9B \u2014 almost 20% of the entire ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Green energy also attracted growing investment \u2014 a shift that\u2019s set to accelerate in the coming years.<\/span>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/uk-europe-top-tech-sector-with-1-trillion-valuation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;UK tech sector ranks first in Europe with $1 trillion valuation&#8221; New research values the UK tech industry at a whopping $1 trillion (\u20ac942 billion)\u00a0 \u2014 making it comfortably the leading ecosystem in Europe. This sector is now worth more than double Germany\u2019s ($467.2 billion) and three times more than France\u2019s ($307.5 billion), according to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":530761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/growth-quarters?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/digital-europe.jpg&signature=485608a6ed41bd7ca5a1b1897213f339","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-530760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=530760"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/530761"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=530760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=530760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=530760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}