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India s IT industry is shifting away from primary technology hubs like Bengaluru, with six other cities emerging as mature technology hubs: Delhi NCR, Hyderabad, Chennai, Kolkata, Mumbai, and Pune. However, the growth of these hubs is tapering due to factors like remote work and infrastructure challenges. As a result, companies are exploring alternative locations in 26 tier 2 cities.
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THIS Indian city is fastest growing tech hub in world since 2016, says new research
According to the data analysed by London & Partners, Bengaluru showed an increase in investment of 5.4 times in four years between 2016 and 2020. Bengaluru also ranked sixth in the overall tech venture capitalist investment list. (Image: Reuters)
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Updated: Jan 15, 2021, 06:35 PM IST
Bengaluru has become the fastest growing technology hub in the world since 2016, according to a research released in London on Thursday (January 14). The Indian city is followed by the European centres of London, Munich, Berlin, and Paris, while Mumbai is placed sixth on this list.
According to the Dealroom.co data analysed by London & Partners, Bengaluru showed an increase in investment of 5.4 times in four years. The investment in India s Silicon Valley grew from USD 0.7 billion in 2016 to USD 7.2 billion in 2020.
Bengaluru World s Fastest-Growing Tech Hub, London Second: Report
Investment in Bengaluru grew 5.4 times from USD 1.3 billion in 2016 to USD 7.2 billion in 2020, according to data analysed by L&P PTI Outlook Web Bureau 2021-01-14T10:13:17+05:30 Bengaluru World s Fastest-Growing Tech Hub, London Second: Report outlookindia.com 2021-01-14T11:30:52+05:30
The silicon valley is leaving its marks globally. According to new research, Bengaluru has emerged as the world’s fastest-growing mature tech ecosystem since 2016, with the financial capital Mumbai placing sixth in the list.
Other European cities London, Munich, Berlin and Paris ranked second, third, fourth, and fifth respectively.
Investment in Bengaluru grew 5.4 times from USD 1.3 billion in 2016 to USD 7.2 billion in 2020, according to Dealroom.co data analysed by London & Partners, the Mayor of London’s international trade and investment agency. In the same period, investment in Mah