UK firms enjoy strong position in European software industry


UK firms enjoy strong position in European software industry

Antony Savvas

The UK retains a strong presence on the European software stage, according to a PriceWaterhouseCoopers (PWC) report.

PwC has ranked the top European software companies, and British firms make up 15% of the top 100, based on worldwide revenue.

With worldwide revenue of €13.3bn, these UK companies created significantly more wealth than their Western European counterparts, said PWC.

The German and French software companies that featured in the EuroSoftware100 generated €4.3bn and €1.2bn respectively.

In 2008, the European market represented around 30% of the overall worldwide software market, generating revenues of approximately €56bn.

The world market is led by US and Japanese firms.

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