The current situation of the European tech industry is positive, and the outlook is likewise positive. The gross value added of the IT sector is increasing five times faster than the rest of Europe’s. At the same time, 2018 saw a 4% increase in IT employment, compared to a 1.1 percent increase in overall EU employment. Isn’t it fantastic? Of course, reality is far from flawless, but the IT sector remains one of Europe’s most enticing investment opportunities. In terms of local IT ecosystem investment volumes, 2018 was a record year, with $23 billion invested in tech enterprises.
In 2018, Europe produced three of the top ten global IT IPOs and 22 companies with billion-dollar annual sales. There are 5.7 million professional developers in Europe, with 15 cities with more than 50,000 developers. The largest tech communities are in London, Berlin, and Paris. The tech industry in 2018-2019 is described in these facts and figures.
Because of all the buzz around the European IT industry, we decided to write a how-to article for potential investors or business partners interested in entering the local IT market. Meet the Top-30 IT firms in Europe by revenue in 2018, which will provide you with the most financial information in a few lines. In a 10-minute read, learn about the present state of the European IT industry and potential investment targets. The data from the Global Database intelligence platform was used to establish this ranking. Why are we so certain it’s important? Our data is manually and automatically verified and updated every day, so we can confidently claim that it is 90 percent accurate.
- Accenture (Ireland) – $39.1B
Accenture is an international professional and technology services firm based in Ireland. It offers clients from 120 countries comprehensive digital solutions in addition to consulting and strategy. Accenture’s 477,000 people (mostly from India, the United States, and the Philippines) work with 95 Fortune Global 100 firms. It also has over 75% of the Fortune Global 500 as clientele. All of them led to the company’s record-breaking annual sales of $39.1 billion in 2018.
- SAP (Germany) – $27.4B
SAP SE is a German company that makes the world’s most popular corporate software. Clients from about 180 countries benefit from the company’s regional branch employees, which helps them manage their customer relations and business operations more efficiently. SAP has about 96,000 well-trained personnel who deliver excellent service. In 2018, they made $27.4 billion in revenue while serving over 425,000 customers. SAP is currently focusing on the Internet of Things (IoT) and plans to invest $2.24 billion in this technology by 2021.
- Capgemini (France) – $14.35B
Capgemini SE (often known as Capgemini) is the largest French IT business in terms of sales. It serves clients from more than 40 countries with IT and management consulting, as well as outsourced services. Capgemini employs over 200,000 people worldwide, with nearly half of them based in India. In 2018, they made a total of $14.35 billion in sales. The company, which was created 52 years ago, is still in the lead in France and Europe.
- ATOS (France) – $14.3B
Atos is a French IT company that is one of Europe’s leading providers of IT services, with clients all over the world. Over 122,000 people work for the company’s nine brands in offices across Europe, North America, and Australia. With a focus on cyber-security, transactional, big data, and cloud services, Atos has grown to become one of Europe’s biggest IT businesses, with sales of $14.3 billion in 2018. In terms of sports sponsorship, which is usual among large corporations, Atos has been the official IT partner of the Olympic Games for an incredible 18 years.
- T-Systems (Germany) – $7.74B
As per the Global Database’s ranking of the biggest European IT firms by annual sales, T-Systems is the most important IT company in Germany. T-systems, a subsidiary of Deutsche Telekom, provides IT consulting and services to the parent company’s clients in more than 20 countries. T-Systems currently employs over 45,000 people and produced $7.74 billion in revenue in 2018. Only 30,000+ people will remain after a huge labor reduction planned for 2018-2020 in an attempt to return the company to profitability.
