Europe has come into its own with blossoming tech hubs in a number of major cities, according to new report: Tech Hubs in Europe. Unlike Silicon Valley, Europe is just now starting to fire on all cylinders as far as technology is concerned. Europe's tech market is divided into separate major tech hubs, amongst them are:
Dublin has become recognized as a centre of tech excellence where a data centre boom is expected to continue, according to the Dublin Convention Bureau. As a whole, companies find Ireland attractive, due to the country's high ranking in providing the 5 key factors necessary to successfully host digital assets: Policy, People, Pedigree, Pipes, and Power. It scored 32 out of 36 on an assessment done by 451 Research.
As the fastest growing data centre market in Europe, the Amsterdam metro region is considered the Digital Gateway to Europe, having grown an average of 15% per year for the past 5 years, according to a report by Pb7 Research. The Amsterdam metro offers multiple benefits, including one of the biggest Internet exchanges in the world, excellent connectivity, low energy costs, a stable energy grid and world class infrastructure for international business.
Germany's high internet bandwidth capacity, its low rate of inflation and stable political system make it an attractive location for data centres. With over 2.5 terabytes per second at peak times, the country's financial centre Frankfurt is considered the most important data hub in Germany and home to the largest number of data centres. As a whole, Germany was ranked 4th in the BSA Global Cloud Computing Scorecard 2013 that measures countries' preparedness to support the growth of cloud computing.
Often referred to as the tech capital of Europe, and one of the world's largest data centre markets, London is also a thriving centre for software development, and already diving into the acceleration of the IoT. As a major hub for big data, London is considered a global force in the digital economy, with one fifth of the U.K.'s tech businesses now headquartered in Inner London, according to Stirling Ackroyd.