The European technology leader is the software company SAP, originally from Germany, followed by the industrial-technology concern Siemens, also based in Germany, and the third place was taken by the Irish Medtronic, which is active in medical technologies. The ranking of Europe's top 10 technology companies, based on data from December 2021, was compiled by brokerage company BCM Begin Capital Markets (BCM) and published in January this year.
"US companies have been at the forefront of the technology business sector for a long time, but in many ways they have already been caught up by their Asian rivals. Europe is lagging behind for a long time. Yet there are companies that are among the leaders in some technology sectors, even globally. We have compiled their ranking to raise awareness of the major and promising technology players from Europe," said Tomas Kolomaznik, BCM's Principal Analyst, on the TOP 10 European Technology Companies study, adding, "Our ranking includes both main types of companies - traditional brands that have successfully transformed themselves, such as Siemens, or new players starting as start-ups, such as Spotify."
The ranking of the top ten technology players in Europe, where not only market capitalization but also the company's position in its market segment played an important role, also included the Czech leading antivirus company Avast or the global technology company ABB, which also has a significant presence in the Czech Republic.
The TOP 10 European Technology Companies study and further details are available on the BCM website.
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