U.S. leads in tech innovation despite strong global competition
U.S. leads in tech innovation despite strong global competition
Insight

U.S. leads in tech innovation despite strong global competition

China is close behind but other countries and U.S. cities far from Silicon Valley are rising fast.

Among factors affecting a city's perception as an innovation hub, a requirement is having at least a few highly successful and wildly popular success stories
Tim Zanni

By Mike Alva

More than a third of technology industry leaders globally say the U.S. remains the world's leading technology and innovation hub, according to KPMG's 2018 global technology innovation survey.

In fact, the 34 percent who said the U.S. showed the most promise for disruptive technology breakthroughs is up from 26 percent in last year's survey.

China remained in second place, with 26 percent of more than 750 technology leaders worldwide ranking it No. 1.

While the findings show the two tech powers continue to dominate, the survey's findings also indicate that the global decentralization of tech innovation is pervasive and extends beyond the U.S. and China. Compared to last year, tech industry leaders selected a more geographically diverse Top 10 when asked which cities, in addition to Silicon Valley/San Francisco, will be the leading technology innovation hubs over the next four years.

“Innovation has become decentralized globally with some cities making great progress while others still face macroeconomic and infrastructure challenges,” said KPMG Global and U.S. Technology Sector Leader Tim Zanni. “Many factors affect a city’s perception as an innovation hub, including accelerators, tech parks, corporate investment, state-of-the-art infrastructure and, in all cases, at least a few highly successful and wildly popular success stories.” 

KPMG’s 2018 technology innovation report provides insight on several trends and findings about leading countries, hubs, visionaries and tech innovation management.

To speak with KPMG’s Tim Zanni (@TimZanni) about the report, tech innovation or other trends in the technology industry, please contact Mike Alva.



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About Tim Zanni

As KPMG's Global and US Technology Leader, he plays a key client relationship role for the firm’s largest global technology clients.

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