5 Fastest Growing Tech Cities in the World

3. Munich

Munich’s tech industry grew by 2.7 times from $0.3 billion to $0.7 billion from the years 2016 to 2020, respectively. Its strong innovation culture led to it becoming one of the fastest-growing tech economies. The city has wide infrastructure facilities and a mix of local talent available. The curriculum taught at local universities is very supportive of the industry and thus increases the attractiveness of the city in the eyes of the tech businesses.

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2. London

Despite the Brexit and the pandemic, London’s tech economy grew by 3 times, rising from $3.5 billion to $10.5 billion. The UK capital has now been labelled as the tech hub of Europe surpassing Munich, Berlin, and Paris. London serves as the gateway to Europe, which is partly the reason why tech companies want to settle here. In addition, London attracts the top talents from all over the world, especially in the field of IT. Hence a wide talent pool is available for tech companies.

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