2022 State of European Tech Report

Discover the current state of European tech, including challenges, trends, and opportunities, as well as insights on innovation, sustainability, and the region's future prospects.

Key takeaways
  • Compute demand has never been higher.
  • European tech companies are vulnerable to economic downturns.
  • Startups are struggling to raise funding, with 82% of founders saying it’s harder this year than last.
  • The region’s strong talent pool will continue to drive innovation.
  • Sustainability and climate action are crucial for Europe’s tech future.
  • The pandemic has accelerated tech adoption, but there’s still growth potential.
  • European policy makers are trying to help fintechs thrive through initiatives like PSD2 and passporting.
  • The importance of technology in improving lives will not change.
  • Convergence of technological innovation will drive prosperity.
  • Purpose-driven businesses will be key to a better future.
  • The next 20 years will be crucial for shaping a more sustainable future.
  • Venture capital will help fuel the net-zero transition.
  • Climate action and sustainability are essential for tech companies.
  • The region’s accounting for 50% of funding for purpose-driven startups.
  • European tech companies must prioritize revenue efficiency and get spending under control.
  • The talent pool in Europe is strong and will continue to grow.
  • The state of European tech is vital for understanding the sector.
  • European tech companies must consider their purpose and long-term goals.