The ICT industry
The Digital Economy has become a real booster that grows seven times faster
than the rest of the sectors. The sector reaches a value of 3 billion euros. This
positive trend will continue in the coming years, with a growth of 4% in 2018
according to Forrester.
Spain has become a prime investment destination for technological startups.
According to the study on operations and individualized data of the
entrepreneurial ecosystem of startups and technological venture capital in the
last 8 years, made by the founder and general partner of Big Sur Ventures, last
year has been historic in terms of venture capital investment in startups of
software and ICT, reaching 1,096 million euros.
In this way, Spain, with an annual integrated growth of 33% since 2010, and an
increase of 77% compared to 2016, is already the 4th country in Europe by
investment volume behind the United Kingdom, France and Germany, beating
Globally USA is the largest IT market in the world, with a growth forecast of
3.0% according to the EITO2017 study. In terms of development, Asia will
continue leading the sector and its growth amounts to 8.5% on the part of China
and 9% in the case of India.
The world trend is reflected in Europe, where industry accounts for more than
5% of the European Union economy, and the growth of the sector in the
continent will be 1.8% (EITO2017). This growth will be led by the software and
IT services segments, with an increase of 5.4% and 2.7% respectively, while
telecommunications show a slower growth of 0.3%.
In fact, investments in ICT are responsible for 50% of European productivity
growth, according to data from the Digital Agenda for Europe.
If we focus again on the Spanish market, we can highlight cities such as Madrid
or Barcelona, where are concentrated 85% of the investment, and 77% of the
investment operations. Good news! We are the only European country with 2
large cities in the technological ranking.
However, as the Spanish ecosystem continues to mature, a closer
relationship is needed between technological startups, and companies in general, with
training centers; as well as greater ambition on the part of entrepreneurs to
develop their plan of business with a global vision, of great international and
scalable growth, and ability to attract and retain multicultural talent with
experience in middle management.
Greater involvement of companies, large or small, new or old, in the training
processes is definitly needed. Because, undoubtedly, the great differential key
that will mark the success of any organization is, and will be, human capital.