KPMG ranks London third in global list of tech hubs

Keiligh Baker's picture

London has been ranked in joint third place in KPMG's list of global technology hubs.

KPMG’s 2019 Technology Innovation Hubs report sees the UK come in joint third with Tokyo behind the US and China in a ranking of countries expected to produce the most disruptive technologies.

The UK and Japan were almost tied in last year’s KPMG survey, with the U.K. edging Japan for fourth place. This year, however, while Tokyo and London tied for third in the city rankings, the UK as a nation created some separation to be voted in sole position of third. India went from third place to sixth this year.

KPMG’s results came about after interviewing more than 740 global technology industry leaders.

Ian West, UK head of technology at KPMG said: “It is great that the UK’s technology sector is appreciated as the most promising market for technology breakthroughs in Europe, and that London is seen as a major hub for big data, fintech and a variety of digital technologies.

"Despite the uncertainties presented by political hesitations and other economic factors, the UK and London has not lost its shine when it comes to its technology pedigree.

For the first time in the annual report, a majority of respondents interviewed by KPMG said that they expect that Silicon Valley will lose its status as the top centre of innovation in the next four years.

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