The UK’s tech industry hit a combined market value of $1 trillion in 2022, making it only the third country, after the United States and China, to achieve this milestone and confirm its place as the leading European tech ecosystem according to data from Dealroom.
UK’s tech sector continues to enjoy a significant lead over its European counterparts as it doubled in value from $500 billion in 2019, despite the period's well-reported uncertainty through the covid pandemic, Brexit, the Russian invasion of Ukraine and the mounting cost of living crisis.
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