European information technology companies generate less than 10 per cent of the industry’s global revenues, following decades of under-investment in the sector.
The region still accounts for nearly a quarter of the world’s IT consumption, but European companies are losing out to Asian and US competitors in terms of sales, according to figures released on Monday.
Only 15 of the top 100 global IT companies are headquartered in Europe, and of these, none is the leader in its market segment, according to research by AT Kearney, the consulting company.
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