The technology sector faces a critical moment as economic signs continue to point to a possible downturn. Yet, despite this, our latest Technology Index findings show the industry has managed to remain optimistic thanks to forecasts of increased revenue and ESG opportunities.
As a firm, we launched this unique report using our own sourced data on the latest tech topics and delved into multiple questions and aspects facing the sector regarding growth in an unpredictable political and economic landscape.
This report provides invaluable detail regarding a variety of topics including M&A valuations and drivers, national and cyber security, managing ethical risk, fintech implementation and ESG.
One particularly interesting finding from the report was that geopolitics significantly impacted the sector overall with a 4% decrease in score when factored in. This highlights just how much global political instability can influence even the most advanced tech companies. Additionally, 66% of respondents expressed confidence that there would be some increase in revenue over the coming 12 months which is encouraging news for investors.
On top of this, 40% of respondents did not believe their business would benefit from Brexit. Moreover, regulatory environments were seen as having considerable implications for many, with 68% seeing moderate to significant impacts both domestically and internationally.
The Tech Index 2022 explores the perceptions of tech growth and includes insights from more than 350 senior business executives from across Europe in the fields of technology, financial services and the public sector, who work in companies with annual turnovers ranging from EUR10 million to more than EUR10 billion.
None of this would be possible, of course, without 40 of our own lawyers from the US, EMEA and Asia Pacific who analyzed the data generating fascinating insights and geopolitical reflections on topics including tech M&A, 5G, fintech, cybersecurity, AI, data monetization, ESG, digital transformation and the internet of things.