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In January 2022, Begin Capital Markets (BCM) presented its TOP 10 European Technology Company project. The broker, which operates in several European countries, reacted to the enthusiasm of the customers to learn more about European competitors of the notoriously market-leading US companies.

BCM has analyzed for its customers why Europe lags so far behind technologically. This gave rise to the idea of ​​compiling a list of top European companies that can match their American and Asian competitors both in the strength of the technologies they provide and in the dynamism they achieve in their market segment. What did BCM find out?

Undoubtedly, the old continent has, to some extent, outpaced the train in the technology sector. There are only a few European companies that have become important global players and are among the best in the world.

The technology sector in Europe is very different from that in the United States or Asia. While there are relatively young companies among the US and Asian tech giants, the structure of the European tech industry is much more diverse. On the one hand, it consists of companies whose history dates back to the 19th century, on the other hand, we also find young predatory individuals who entered the market only after the birth of the Internet or mobile telecommunications.

The group of “old” companies consists of Siemens, Nokia, Ericsson or ABB, the newer ones include SAP, Spotify or Avast. However, such a structure of the technology sector seems to be relatively advantageous, since traditional and young companies can work side by side and complement each other.

At the same time, we can say that the European technology sector has shown exceptional resilience. It is the example of companies like Siemens, Ericsson or Nokia that show the ability to adapt to changing market conditions.

After all, Siemens started out as a purely industrial company that was able to benefit from the advent of electricity and the railways, but also from modern technologies, and whose products can now be found in almost all key industries. Other European technology companies, whose operations have changed radically in recent decades, have shown similar, perhaps even greater, flexibility.

Although Europe is not a global technology leader, we can find companies that can establish themselves on the world market. A shining example is the Swedish streaming platform Spotify, which enjoys the popularity of almost 400 million monthly active users and represents a competitive competitor to American streaming services.

A similar story was written by Czech software company Avast, which is the second largest antivirus protection market in the world with almost half a billion users. Ericsson and Nokia are leaders in building telecommunications infrastructure.

What is also characteristic of European technology companies is their disproportionately lower market value compared to American or Asian competitors. Arguably the most valuable European technology company is Irish company Medtronic Plc., whose market capitalization exceeds 116 billion euros. That’s even less than a twentieth of Apple’s value and about 30% of Asia’s most valuable tech company, Taiwan’s TSMC.

This fact points to a large gap in the investment structure between Europe, the United States and some Asian countries. The emergence of tech companies seems to be far more successful in the US or China than in any European country. What is the cause of such a situation is certainly worth the extensive scientific research that BCM conducts for its customers. For more information contact one of the leading European brokers.

BCM Begin Capital Markets CY Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), the supervisory and regulatory authority for securities services companies in Cyprus, with CIF license number 274/15.

Risk warning: CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 86.86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

In January 2022, Begin Capital Markets (BCM) presented its TOP 10 European Technology Company project. The broker, which operates in several European countries, reacted to the enthusiasm of the customers to learn more about European competitors of the notoriously market-leading US companies.

BCM has analyzed for its customers why Europe lags so far behind technologically. This gave rise to the idea of ​​compiling a list of top European companies that can match their American and Asian competitors both in the strength of the technologies they provide and in the dynamism they achieve in their market segment. What did BCM find out?

Undoubtedly, the old continent has, to some extent, outpaced the train in the technology sector. There are only a few European companies that have become important global players and are among the best in the world.

The technology sector in Europe is very different from that in the United States or Asia. While there are relatively young companies among the US and Asian tech giants, the structure of the European tech industry is much more diverse. On the one hand, it consists of companies whose history dates back to the 19th century, on the other hand, we also find young predatory individuals who entered the market only after the birth of the Internet or mobile telecommunications.

The group of “old” companies consists of Siemens, Nokia, Ericsson or ABB, the newer ones include SAP, Spotify or Avast. However, such a structure of the technology sector seems to be relatively advantageous, since traditional and young companies can work side by side and complement each other.

At the same time, we can say that the European technology sector has shown exceptional resilience. It is the example of companies like Siemens, Ericsson or Nokia that show the ability to adapt to changing market conditions.

After all, Siemens started out as a purely industrial company that was able to benefit from the advent of electricity and the railways, but also from modern technologies, and whose products can now be found in almost all key industries. Other European technology companies, whose operations have changed radically in recent decades, have shown similar, perhaps even greater, flexibility.

Although Europe is not a global technology leader, we can find companies that can establish themselves on the world market. A shining example is the Swedish streaming platform Spotify, which enjoys the popularity of almost 400 million monthly active users and represents a competitive competitor to American streaming services.

A similar story was written by Czech software company Avast, which is the second largest antivirus protection market in the world with almost half a billion users. Ericsson and Nokia are leaders in building telecommunications infrastructure.

What is also characteristic of European technology companies is their disproportionately lower market value compared to American or Asian competitors. Arguably the most valuable European technology company is Irish company Medtronic Plc., whose market capitalization exceeds 116 billion euros. That’s even less than a twentieth of Apple’s value and about 30% of Asia’s most valuable tech company, Taiwan’s TSMC.

This fact points to a large gap in the investment structure between Europe, the United States and some Asian countries. The emergence of tech companies seems to be far more successful in the US or China than in any European country. What is the cause of such a situation is certainly worth the extensive scientific research that BCM conducts for its customers. For more information contact one of the leading European brokers.

BCM Begin Capital Markets CY Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), the supervisory and regulatory authority for securities services companies in Cyprus, with CIF license number 274/15.

Risk warning: CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 86.86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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