itb-au logo
Story image

Revealed: Global trends in technology investment

18 Mar 2020

Like innovation in any industry, new and emerging technologies arriving on the market are contingent upon investors willing to put considerable funds into seeing the technology bear fruit.

As emerging technologies pop up and digital transformation occurs around the world, investment rates in new tech go up with them.

This has been confirmed by a report released today by Tech Nation, which researched financial data on tech investment last year, and the regions in the world seeing the greatest benefits from it.

The report confirmed that the United States continued to lead the world in tech investment in 2019. 

Just last year, USD$99.3 billion was used as investment funds by US tech companies. 

China closely follows for total investment at $39 billion, and then the UK at $12.2 billion.

While the US and China were unsurprisingly on top, the study found that investment rates dropped by 20% year-on-year in the US, and by a whopping 65% in China from the year before.

However, the third-place finisher, the UK, is quietly catching up, with investment into UK tech companies rising by 44% from 2018 to 2019.

Continuing with the British theme, London was the leading European city for investment into emerging technology at $4.8 billion between 2015 and 2019. 

Beijing and Shanghai led in Asia for investment into emerging technology at $12.1 billion and $2.4 billion respectively. 

Perhaps unsurprisingly, San Francisco, home to Silicon Valley, led globally with the city attracting $19.4 billion of VC investment into emerging technology from 2015 to 2019.

The research found Asia is investing heavily into artificial intelligence (AI), with almost half of the total investment into Asia going towards AI development at $18.9 billion. 

Tech investment made into Beijing (accounting for 38% of all VC investment in Asia) focused on AI development, robotics and cybersecurity, while in Shanghai (accounting for 9% of total Asian tech investment) it focused solely on AI development, according to the report.

In Singapore (5%) investment focused on AI and blockchain, in Tokyo (3%) investment focused on robotics and in Seoul (2%) investment focused on AI and blockchain. 

Ho Chi Minh City (2%) received investment only for blockchain technology development.

"Asia continues to push the envelope when it comes to innovating emerging technologies, such as AI, robotics and cyber,” says Tech Nation chief executive Gerard Grech.

“We look forward to continuing to work with some of the best tech founders and investors across the continent, building on the UK's growing tech specialisms as we see investment into the UK tech sector increase, up 44% in 2019 from 2018."

Story image
Why 2021 will be the year of catch-up
The transition to remote work and new online contactless business models is not temporary and is affecting the future strategy on how organisations invest in cybersecurity, writes Radware vice president and managing director for EMEA and LATAM, Rob Hartley.More
Story image
Interview: Appian's Matt Calkins on low-code & the rise of hyperautomation
A lot can change in 21 years. It takes a strong company to remain true to a few key technology ideas, and concentrate on their evolution.More
Story image
Digital Realty's Window to Australia event celebrates Sydney's rise as epicentre for data centres
As the city accounting for 65% of Australia’s financial services activity, Sydney will inevitably be at the centre of the new data centre wave.More
Story image
Hybrid cloud is the ideal IT infrastructure model, says majority of IT execs
76% of surveyed IT decision-makers reported thinking more strategically about IT because of the pandemic, and nearly half (46%) have increased investments in hybrid cloud as a direct result of COVID-19.More
Story image
AR and VR presents huge potential for construction industry, but businesses slow to adopt
According to GlobalData, the construction industry is slowly shifting from years of the wait-and-watch stance to adopting digital technologies to improve the overall project lifecycle from conceptual design to construction.More
Story image
How to keep office equipment safe in the COVID-19 era
In addition to basic hygiene procedures like mandating the use of hand sanitiser and encouraging the use of masks, organisations can minimise the risk of cross-contamination and infection when employees are using shared devices.More