Digital Single Markets

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Digital Single Markets"

Transcription

1 Digital Single Markets Benchmarking Europe and the United States March 2010 Verso Economics Richard Marsh, Research Director Verso Economics Victoria House 58 Victoria Road Kirkcaldy KY1 1DQ

2 Executive Summary A Digital Single Market (DSM) will build a larger stage on which European businesses can perform and grow. The DSM will allow the EU to drive global technical standards and attract inward investment. These benefits have long been enjoyed by the US with a large domestic market, common technical standards and critical mass of global digital businesses. The number of digital jobs within Europe s largest companies is much smaller compared to the US and more than four fifths of Europe s digital jobs are in companies founded before The main reason for the digital jobs gap is that Europe has failed to keep pace with the US from the 1970s in creating digital business of scale. Europe has not created a digital company of scale for over a decade. There is a sharp contrast in productivity among younger companies; falling in Europe and rising in the US with European digital companies formed in the 1980s and 1990s much less productive than their US counterparts. The gap in the volume of large digital companies may be accompanied by an emerging gap in competitiveness. The story for telecommunications is very different with more jobs associated with large companies created in Europe compared to the US during the 1980s, the 1990s and throughout the last decade. This much improved performance can be linked to changes in public policy across Europe from the 1980s with the gradual liberalisation of markets. The European telecommunications sector is much closer to the conditions of a DSM, particularly in mobile telecommunications. Excluding telecommunications the digital economy in Europe has a handful of companies of scale. By contrast there are 66 digital companies within the 500 largest companies in the US ranging from Blizzard Activision producing video games, to VeriSign providing security services including digital certificates and Symantec developing antivirus software. If the digital economy were to follow the telecommunications sector and develop a longer tail of digital companies of scale, then this would add over 900,000 jobs. The additional jobs are most likely to arise with a flourishing and innovative digital economy where companies can grow to scale and increase their global competitiveness using the DSM as a platform. The potential benefits of closing the digital gap with the US isn t whether Europe can provide the next Google or Amazon.com. The estimate of an additional 900,000 jobs in the digital economy is the equivalent of over 40 Googles or Amazon.coms; the scale of opportunity is sufficient to open up specialist digital areas across Europe. The European telecommunications sector in Europe shows that movement towards a DSM can create jobs and improve choice and quality to end-users. The lack of progress towards a DSM within the digital economy shows that, without renewed focus, the reverse is true. 1

3 1 The Digital Single Market 1.1 An important reason for pursuing a Digital Single Market (DSM) is to build a larger stage on which European businesses can perform and grow. The DSM will allow the EU to drive global technical standards and attract inward investment from digital businesses around the world. 1.2 These benefits have long been enjoyed by the US with a large domestic market, common technical standards and critical mass of global digital businesses. This has allowed innovative digital companies in the US to move quickly from serving cities and states to 300 million potential consumers; often ultimately leading and shaping global markets. 1.3 Until recently Microsoft and IBM were the most visible signs of US dominance in global digital markets. But the US has increased the pace of innovation with a new generation of global digital companies including Google, Amazon.com, ebay and Yahoo!. These new digital companies have created nearly 100,000 jobs and quickly established themselves among the largest US businesses. 2 Digital Europe 2.1 It is difficult to build a hard measure of the likely benefits from developing the DSM across the EU, not least because the potential benefits are wide ranging. A reasonable estimate can be made by comparing the scale and development of the DSM in the US with Europe. 2.2 The Financial Times (FT) publishes the largest 500 companies, by market value, annually for both Europe (including Russia and Turkey) and the US ( The FT report includes market value, turnover, net income and employment. Company reports were also used to reference the year in which companies were founded 1. A number of companies became operations of scale only after changing their business models, often significantly after formation. 2.3 Digital companies were identified as sectors including technology, software and ICTrelated leisure and retail (including Amazon and ebay). Telecommunications companies, mobile and fixed line, were separately identified. Table 2.1 below shows the number of jobs in digital companies (excluding telecommunications) within the top 500 companies in Europe and the US by the decade in which the company was originally founded. 1 All dates were traced back to the original founding of the company; assumptions were made where new companies were created as the result of joint ventures or through the release of government assets to the market. 2

4 Table 2.1: Digital economy jobs within top 500 companies Before , , , , , , , , , , ,000 Total 669,000 2,108,000 Average age 55 years 35 years Weighted age 91 years 57 years NOTES: All employment figures rounded to the nearest thousand 2.4 In order to show the link between the DSM and growing companies of scale, Table 2.1 shows the current number of digital jobs allocated by the decade in which large companies were formed. The tables in this report do not show the number of digital jobs created in each decade. 2.5 The number of digital jobs within Europe s largest 500 companies is much smaller compared to large companies in the US. More than four fifths (82%) of Europe s digital jobs in Table 2.1 are in companies founded before 1950, this compares to just over half in the US (52%). Nokia and Ericsson are now both classified as primarily hardware companies rather than telecommunications. 2.6 Digital jobs in Europe are heavily influenced by larger older companies like Nokia and Ericsson. However the US also has a number of larger well established companies such as IBM. The main reason for the digital jobs gap is that Europe has failed to keep pace with the US from the 1970s in creating digital business of scale. 2.7 The creation of digital jobs in the US has been impressive with companies of scale formed throughout the 1980s and 1990s. One company started as recently as last decade, Crown Castle International, has established themselves among the largest companies in the US. Other digital companies that have expanded rapidly in the US, such as Google and Amazon.com, have relied heavily on consumer markets. 2.8 By contrast Europe has not created a digital company of scale for over a decade. Iliad was founded in 1999, based in Paris, but has significant involvement in fixed line telecommunications. Autonomy was founded in 1996, based in Cambridge, having built on research from the University of Cambridge. 3

5 2.9 Whilst recent growth in digital jobs in the US has focused on consumer markets, the limited growth in Europe has stronger links with telecommunications, the public sector and corporate markets. Both Europe and the US demonstrate a similar theme with new digital companies linked to the commercialisation of university research With the notable exception of Nokia and Ericsson, larger digital companies in Europe are mainly based in countries with larger domestic markets. For example, excluding Nokia (Finland) and Ericsson (Sweden), Germany, France and the UK account for nearly two thirds (65%) of digital jobs, from Table 2.1, 2.11 The data shown in Table 2.1 is repeated in the appendix showing turnover instead of jobs (Table A.2). The turnover figures show a similar pattern with Europe lagging the US in growing the digital economy. For Europe the weighted average age of companies is higher when weighted by turnover instead of employment whilst the reverse is true in the US This difference in weighted ages means turnover per worker is higher among older companies in Europe and higher among younger companies in the US. Combining jobs and turnover allows a measure of productivity, shown in Table 2.2. Table 2.2: Digital economy productivity within top 500 companies (turnover per employee) Before , , , , , , , , , , ,400,000 Total 352, ,000 NOTES: All figures rounded to the nearest thousand 2.13 Overall turnover per employee is higher in Europe compared to the US but this driven by digital companies formed before There is a sharp contrast in productivity; falling in Europe and rising in the US. This is of particular concern as European digital companies formed in the 1980s and 1990s are much less productive than their US counterparts. The gap in the volume of large digital companies may be accompanied by an emerging gap in competitiveness. 4

6 3 Digital Markets and Telecommunications 3.1 The story of the digital economy in Europe is very different when telecommunications is also considered. Table 3.1 shows the number of jobs in digital companies and telecommunications within the top 500 companies in Europe and the US by the decade in which the company was originally founded. Table 3.1: Digital and telecoms jobs within top 500 companies Before ,000 1,001, , , , , , , , , ,000 25,000 Total 2,052,000 2,767,000 Average age 45 years 35 years Weighted age 62 years 52 years NOTES: All employment figures rounded to the nearest thousand 3.2 With telecommunications included, Table 3.1 shows a similar story with the US outstripping Europe up until the 1970s, but from the 1980s the story becomes markedly different. More European companies of scale were created during the 1980s, the 1990s and throughout the last decade more jobs associated with large companies were created in Europe compared to the US. 3.3 The much improved performance of Europe compared to the US can be linked to changes in public policy across Europe from the 1980s. Telecommunications markets across Europe have gradually been liberalised since the 1980s. This has included the transfer of public assets, the opening up of domestic markets, cross-border mergers, acquisitions and joint ventures. 3.4 Deutsche Telekom has nearly a quarter of a million employees and formed in 1996 following the transfer of state-owned assets (Deutsche Bundespost) and subsidiaries include T-Mobile. Telecom Italia has over 70,000 employees and was founded in 1994 following the merger of several state-owned organisations telecommunications companies (including the Società Italiana per L'Esercizio Telefonico). 5

7 3.5 The European telecommunications sector is much closer to the conditions of a DSM (outlined in the DSM rationale), particularly in mobile telecommunications. The data shown in Table 3.1 is repeated in the appendix showing turnover instead of jobs (Table A.3). The turnover figures show a similar pattern with Europe lagging the US in growing the digital and telecommunications economy until the 1980s but overtaking the US from the 1990s. Overall productivity levels for large European companies are ahead of their counterparts in the US. 4 Quantifying Benefits 4.1 Excluding telecommunications the digital economy in Europe has a handful of companies of scale. By contrast there are 66 digital companies within the 500 largest companies in the US ranging from Blizzard Activision producing video games, to VeriSign providing security services including digital certificates and Symantec developing antivirus software. 4.2 Chart 4.1 shows the digital gap between Europe and the US with the largest digital companies placed in order of workforce size. The gap between Europe and the US becomes significant after the top 5 European companies (Ericsson is fifth). Chart 4.1: Employment in largest digital companies (US: 66 companies, Europe: 17) 400, , ,000 Europe US 250, , , ,000 50,000 0 Digital Gap SOURCE: Verso Economics, based on Financial Times data (2009) 6

8 4.3 If the digital economy were to follow the telecommunications sector and develop a longer tail of digital companies of scale, then this would add over 900,000 jobs. This calculation is based on matching the longer tail of US companies outside of the top 5 companies; IBM and Hewlett-Packard are historically large employers and it would optimistic to assume the scale of these companies could be replicated. 4.4 The top 5 digital companies in Europe account for 72.6% (486,000 jobs) of the digital jobs shown in Table 2.1 with the corresponding figures for the US much lower at 46.7% (984,000 jobs). If the remaining tail of companies in Europe (183,000 jobs) were to provide the same number of jobs in the US (1,125,000 jobs) then this would add 942,000 jobs. This would involve closing the digital gap indicated in Chart The additional jobs are most likely to arise with a flourishing and innovative digital economy where companies can grow to scale and increase their global competitiveness using the DSM as a platform. The longer list of US digital companies covers an eclectic range of activities from the digital certificates, video games and antivirus software outlined above to consumer and retail services delivered by Google, Amazon.com, ebay and Yahoo!. 4.6 Current smaller scale successes in Europe include Spotify, a music streaming service based in Stockholm and London. But emerging businesses like Spotify often struggle with disparate digital markets and until earlier this year some Spotify services were only available in Sweden, Spain, Norway, Finland, the UK and France. By contrast Spotify s US peers have ready access to a DSM of nearly 300 million consumers and this has been a key success factor for companies like Google and Amazon.com. 4.7 The potential benefits of closing the digital gap with the US isn t whether Europe can provide the next Google or Amazon.com. The earlier estimate of 900,000 jobs in the digital economy is the equivalent of over 40 Googles or Amazon.coms; the scale of opportunity is sufficient to open up specialist digital areas across Europe. 4.8 The European telecommunications sector in Europe shows that movement towards a DSM can create jobs and improve choice and quality to end-users. The lack of progress towards a DSM within the digital economy shows, that without renewed focus, the reverse is true. 7

9 Web links FT 500 The world's largest companies Appendix Table A.1: Number of digital economy companies within top 500 companies Before Total Average age 55 years 35 years Table A.2: Digital economy turnover ( Billion) within top 500 companies Before Total Average age 55 years 35 years Weighted age 110 years 51 years 8

10 Table A.3: Digital and telecoms turnover ( Billion) within top 500 companies Before Total Average age 45 years 35 years Weighted age 70 years 47 years 9

Mobile in-market consolidation in Western Europe: impact of recent mergers on margins and market share

Mobile in-market consolidation in Western Europe: impact of recent mergers on margins and market share About Analysys Mason 1 Mobile in-market consolidation in Western Europe: impact of recent mergers on margins and market share August 2013 Pablo Iacopino Executive summary Mobile in-market consolidation

More information

Commercial Non-Life Insurance Brokers in Northern and Central Europe

Commercial Non-Life Insurance Brokers in Northern and Central Europe Brochure More information from http://www.researchandmarkets.com/reports/1194948/ Commercial Non-Life Insurance Brokers in Northern and Central Europe Description: Finaccord s report titled Commercial

More information

Public/Private Cloud Storage Market by Solution & by Software - Worldwide Forecasts & Analysis (2014-2019)

Public/Private Cloud Storage Market by Solution & by Software - Worldwide Forecasts & Analysis (2014-2019) Brochure More information from http://www.researchandmarkets.com/reports/2850108/ Public/Private Cloud Storage Market by Solution & by Software - Worldwide Forecasts & Analysis (2014-2019) Description:

More information

EUROPE ERICSSON MOBILITY REPORT

EUROPE ERICSSON MOBILITY REPORT EUROPE ERICSSON MOBILITY REPORT NOVEMBER 2015 Market Overview Key figures: Europe 2015 2021 CAGR 2015 2021 Mobile subscriptions (million) 1,140 1,250 1% Smartphone subscriptions (million) 550 880 10% Data

More information

The music industry experience in the online environment. Olivia Regnier Deputy Regional Director Europe IFPI

The music industry experience in the online environment. Olivia Regnier Deputy Regional Director Europe IFPI The music industry experience in the online environment Olivia Regnier Deputy Regional Director Europe IFPI 1 Summary The digital market for music New digital music services The challenge of copyright

More information

Keywords: ICT, Telecommunication, Software, E-commerce, Cloud Technology, E-government, Digital Media, Mobile Connectivity.

Keywords: ICT, Telecommunication, Software, E-commerce, Cloud Technology, E-government, Digital Media, Mobile Connectivity. Italy: ICT SECTOR Prepared by Trade Council Italy Keywords: ICT, Telecommunication, Software, E-commerce, Cloud Technology, E-government, Digital Media, Mobile Connectivity. Abstract: Italy has the fourth

More information

EUROPE ERICSSON MOBILITY REPORT APPENDIX JUNE

EUROPE ERICSSON MOBILITY REPORT APPENDIX JUNE EUROPE ERICSSON MOBILITY REPORT APPENDIX JUNE 2015 MARKET OVERVIEW Key figures: Europe 2014 2020 CAGR 2014 2020 Mobile subscriptions (million) 1,125 1,270 2% Smartphone subscriptions (million) 450 830

More information

Germany - Key Statistics, Telecom Market and Regulatory Overviews

Germany - Key Statistics, Telecom Market and Regulatory Overviews Brochure More information from http://www.researchandmarkets.com/reports/349853/ Germany - Key Statistics, Telecom Market and Regulatory Overviews Description: Germany has Europe's largest telecom market,

More information

BANKING SECTOR IN GLOBAL PERSPECTIVE

BANKING SECTOR IN GLOBAL PERSPECTIVE BANKING SECTOR IN GLOBAL PERSPECTIVE Inaugural Address by Dr. Y.Venugopal Reddy, Governor, RBI at Bankers Conference, 2004 Distinguished guests, Ladies and Gentlemen It is indeed a pleasure and privilege

More information

Payments and Revenues. Do retail payments really matter to banks?

Payments and Revenues. Do retail payments really matter to banks? Payments and Revenues Do retail payments really matter to banks? by Dave Birch Consult Hyperion Opportunities Banks do lots of things, all of which

More information

Digital Advertising Report. Adobe Digital Index Q1 2015

Digital Advertising Report. Adobe Digital Index Q1 2015 Digital Advertising Report Adobe Digital Index Q1 2015 Table of contents Social 3. Overview 4. Social streaming apps 5. Social branded post 6. Social impressions 7. Social interaction rate by industry

More information

GLOBAL DATA CENTER INVESTMENT 2013

GLOBAL DATA CENTER INVESTMENT 2013 2013 CENSUS REPORT: Global Data Center Investment 2013 GLOBAL DATA CENTER INVESTMENT 2013 2013 - Healthy Growth in Data Center Investment Globally Globally, the data center industry has continued to maintain

More information

Risk management and risk based internal auditing

Risk management and risk based internal auditing Heads of Internal Audit Service Benchmarking Report Risk management and risk based internal auditing Introduction This report contains the results of the HIAS survey entitled Risk management and risk based

More information

Cloud Managed Services Market by Services, by Deployment Type, by Organization Size, by Verticals, & by Regions - Global Forecast 2015-2020

Cloud Managed Services Market by Services, by Deployment Type, by Organization Size, by Verticals, & by Regions - Global Forecast 2015-2020 Brochure More information from http://www.researchandmarkets.com/reports/3262278/ Cloud Managed Services Market by Services, by Deployment Type, by Organization Size, by Verticals, & by Regions - Global

More information

Software & Computer Services

Software & Computer Services Core activities: Software development: system software contract/bespoke turnkey solutions Systems integration Systems analysis and design Software architecture and design Project Management Infrastructure

More information

International Compendium: Labour Market Theme

International Compendium: Labour Market Theme International Compendium: Labour Market Theme Coverage: International Date: 24 April 2014 Geographical Area: UK Theme: Labour Market Introduction The International Compendium consists of three themes;

More information

A CHASE PAYMENTECH WHITEPAPER. Open the door to international e-commerce The potential of cross-border trade for e-tailers

A CHASE PAYMENTECH WHITEPAPER. Open the door to international e-commerce The potential of cross-border trade for e-tailers A CHASE PAYMENTECH WHITEPAPER Open the door to international e-commerce The potential of cross-border trade for e-tailers Table Of Contents The potential of cross-border trade... 3 What makes shoppers

More information

OPPORTUNITIES TO DEVELOP CROSS-BORDER PARCEL DELIVERY. A UK non-paper JANUARY 2016

OPPORTUNITIES TO DEVELOP CROSS-BORDER PARCEL DELIVERY. A UK non-paper JANUARY 2016 OPPORTUNITIES TO DEVELOP CROSS-BORDER PARCEL DELIVERY A UK non-paper JANUARY 2016 Introduction The UK strongly supports the Commission s work to develop the market for cross-border parcel delivery. Cross-border

More information

Overview of the UK Population

Overview of the UK Population Overview of the UK Population Coverage: UK Date: 05 November 2015 Geographical Area: Region Theme: Population Introduction This report gives an overview of the UK population. It examines the size and characteristics

More information

WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019

WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019 WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019 Worldwide retail sales including in-store and internet purchases will surpass $22 trillion in 2015, up 5.6% from

More information

Data Center Security Market by Solution, by Services, by Data Center Types and by Region - Global Forecast to 2020

Data Center Security Market by Solution, by Services, by Data Center Types and by Region - Global Forecast to 2020 Brochure More information from http://www.researchandmarkets.com/reports/3150393/ Data Center Security Market by Solution, by Services, by Data Center Types and by Region - Global Forecast to 2020 Description:

More information

Brochure More information from http://www.researchandmarkets.com/reports/3384906/

Brochure More information from http://www.researchandmarkets.com/reports/3384906/ Brochure More information from http://www.researchandmarkets.com/reports/3384906/ Cloud Storage Market by Solutions (Primary Storage Solution, Backup Storage Solution, Cloud Storage Gateway Solution, and

More information

The Size and Health of the UK Space Industry

The Size and Health of the UK Space Industry The Size and Health of the UK Space Industry A Report for the UK Space Agency Executive Summary Front cover image: Living Planet Program Credit: ESA - P Carril Artist s impression of HYLAS Credit: Avanti

More information

Getting Back to the Top

Getting Back to the Top Getting Back to the Top An International Comparison of College Attainment Where the U.S. Stands Jim Hull, Senior Policy Analyst The Center for Public Education National School Boards Association December

More information

Best of the Best Benchmark Adobe Digital Index Europe 2014

Best of the Best Benchmark Adobe Digital Index Europe 2014 Best of the Best Benchmark Adobe Digital Index Europe 2014 ADOBE DIGITAL INDEX Best of the Best Benchmark (Europe) Without context, marketers are left wondering if their results are any good. The Best

More information

Employment Practices of Multinational Companies in an Organizational Context

Employment Practices of Multinational Companies in an Organizational Context Employment Practices of Multinational Companies in an Organizational Context Summary of Research Project This project is the first based on a representative sample of MNCs operating in Denmark. In this

More information

Full speed ahead An industrial strategy for the UK automotive sector

Full speed ahead An industrial strategy for the UK automotive sector Brief March 2013 Full speed ahead An industrial strategy for the UK automotive sector David Leach industrial strategy CBI email: david.leach@cbi.org.uk The automotive industry is the UK s largest sector

More information

Private Equity EMEA Compensation

Private Equity EMEA Compensation 2013 Private Equity EMEA ensation Executive Report 3100153 - EMEA Survey 2013 8.indd 1 12/06/2014 12:28 Introduction In March 2013 Heidrick & Struggles invited 4750 executives working in the European private

More information

European Early Stage Market Statistics

European Early Stage Market Statistics European Early Stage Market Statistics 2015 The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players Fueling Europe's Growth Published in May 2016 6,1b The Statistics

More information

The Rise and Rise of Emerging Market Banks

The Rise and Rise of Emerging Market Banks The Rise and Rise of Emerging Market Banks Thought Paper www.infosys.com/finacle Universal Banking Solution Systems Integration Consulting Business Process Outsourcing The rise and rise of emerging market

More information

IPA Global Publishing Statistics. Rüdiger Wischenbart

IPA Global Publishing Statistics. Rüdiger Wischenbart IPA Global Publishing Statistics Rüdiger Wischenbart 1 International Publishers Association The 20 Largest Publishing Markets A list of the 20 largest publishing markets therefore highlights complex dynamics

More information

Transaction Printing in North America & Europe

Transaction Printing in North America & Europe Transaction Printing in North America & Europe Market Trends & Outlook January 2015 Sponsored by: CONTENTS Introduction 3 Transaction Printing in North America 4 Transaction Printing in Europe 8 Outlook

More information

The IT outsourcing market has been enjoying substantial growth for several years now. This growth is the result of a combination of factors:

The IT outsourcing market has been enjoying substantial growth for several years now. This growth is the result of a combination of factors: Firms and Markets IT Outsourcing Risks & opportunities for telcos Bruno TEYTON IDATE, Montpellierf T he growth of out-sourcing, first generated by IT infrastructures, now involves more and more business

More information

CSI 24: How do Europeans differ in their attitudes to immigration?

CSI 24: How do Europeans differ in their attitudes to immigration? Summary CSI 24: How do Europeans differ in their attitudes to immigration? Overall, from our sample of 21 European countries, Sweden has the most positive attitudes to immigration and the Czech Republic

More information

SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS

SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS DC RADAR The second edition of the Arcadis European Data Centre Radar, produced in conjunction with ixconsulting, is based upon extensive

More information

TOP PLAYERS IN GLOBAL B2C E-COMMERCE MARKET 2016

TOP PLAYERS IN GLOBAL B2C E-COMMERCE MARKET 2016 PUBLICATION DATE: JULY 2016 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-10 TABLE OF CONTENTS I PAGE 11 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 12 METHODOLOGY I PAGE 13 RELATED REPORTS I PAGE

More information

Brochure More information from http://www.researchandmarkets.com/reports/3445946/

Brochure More information from http://www.researchandmarkets.com/reports/3445946/ Brochure More information from http://www.researchandmarkets.com/reports/3445946/ Mobile Analytics Market by Type (Mobile Advertising and Marketing Analytics, In-app Behavioral Analytics, Application Performance

More information

Private Equity EMEA Compensation Survey. Executive Report

Private Equity EMEA Compensation Survey. Executive Report 2014 Private Equity EMEA Compensation Survey Executive Report Introduction In June 2014 Heidrick & Struggles invited over 7000 executives working in the European Private Equity industry to participate

More information

Media Markets as Two-Sided Markets: Consumer Behaviour and Search Engines

Media Markets as Two-Sided Markets: Consumer Behaviour and Search Engines Media Markets as Two-Sided Markets: Consumer Behaviour and Search Engines Birgit Schwabl-Drobir Austrian Competition Authority The Pros and Cons of Antitrust in Two-Sided Markets Swedish Competition Authority

More information

PMR. IT outsourcing in Central and Eastern Europe FREE ARTICLE. www.ictrussia.com

PMR. IT outsourcing in Central and Eastern Europe FREE ARTICLE. www.ictrussia.com FREE ARTICLE www.ictrussia.com IT outsourcing in Central and Eastern Europe Source: IT outsourcing in Central and Eastern Europe 2009 Countries attractiveness and development forecasts January 2009 PMR

More information

Brochure More information from

Brochure More information from Brochure More information from http://www.researchandmarkets.com/reports/3846455/ IoT Telecom Services Market by Component, Connectivity Technology (Cellular, LPWAN, NB-IoT, and RF-Based), Network Management

More information

Global Online Gaming Market 2015

Global Online Gaming Market 2015 Brochure More information from http://www.researchandmarkets.com/reports/3187015/ Global Online Gaming Market 2015 Description: Digital gaming revenues already account for a double-digit share of the gaming

More information

SUNRISE COMMUNICATIONS AG COMPLETES THE MIGRATION TO CRAMER6

SUNRISE COMMUNICATIONS AG COMPLETES THE MIGRATION TO CRAMER6 AMDOCS CUSTOMER success story SUNRISE COMMUNICATIONS AG COMPLETES THE MIGRATION TO CRAMER6 The main benefit of using Amdocs or Cramer is their best of suite approach. In the past, we had a policy of best

More information

Brochure More information from http://www.researchandmarkets.com/reports/3197610/

Brochure More information from http://www.researchandmarkets.com/reports/3197610/ Brochure More information from http://www.researchandmarkets.com/reports/3197610/ Global Mobile Security Market (Solution, Types, OS, End Users and Geography) - Size, Share, Global Trends, Company Profiles,

More information

GLOBAL TRADE & GOVERNMENT AFFAIRS. IT / Telecoms sector Risk management: sanctions compliance

GLOBAL TRADE & GOVERNMENT AFFAIRS. IT / Telecoms sector Risk management: sanctions compliance GLOBAL TRADE & GOVERNMENT AFFAIRS IT / Telecoms sector Risk management: sanctions compliance In today's regulatory environment companies involved in cross-border activity have a clear and on-going requirement

More information

SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS

SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS DC RADAR The second edition of the Arcadis European Data Centre Radar, produced in conjunction with ixconsulting, is based upon extensive

More information

Internet Connection Speeds Are Getting Faster:

Internet Connection Speeds Are Getting Faster: Internet Connection Speeds Are Getting Faster: How Does that Affect Retail? The global average Internet connection speed increased by 23% year over year in the first quarter of 2016. South Korea had the

More information

Wither the Global Talent Pool?

Wither the Global Talent Pool? Wither the Global Talent Pool? The U.S. Remains Competitive But Lacks a Strategic Approach European Component of Internationalization Strategies in North American Universities Balance - Coimbra Group Seminar-

More information

The British Film Industry by Numbers. Alex Tosta

The British Film Industry by Numbers. Alex Tosta The British Film Industry by Numbers Alex Tosta The Bigger Picture Global revenue of the film industry in 2013 was 57 billion UK accounts for 1% of the world s population, but accounts for 7% of global

More information

Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected

Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected 23 August 2012 Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected Carat, the world s leading independent media communications agency,

More information

Smart Meters Executive Paper

Smart Meters Executive Paper Smart Meters Executive Paper Smart infrastructure overview The ever growing global demand for energy, combined with increasing scarcity of resources and the threat of climate change, have prompted governments

More information

Analytics as a Service Market by Solutions - Global Forecast to 2020

Analytics as a Service Market by Solutions - Global Forecast to 2020 Brochure More information from http://www.researchandmarkets.com/reports/3300454/ Analytics as a Service Market by Solutions - Global Forecast to 2020 Description: Analytics as a Service Market by Solutions

More information

Wealth Management in the Nordic Region 2008

Wealth Management in the Nordic Region 2008 Brochure More information from http://www.researchandmarkets.com/reports/659849/ Wealth Management in the Nordic Region 2008 Description: This report focuses on the onshore liquid wealth of affluent individuals

More information

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost *

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * There has been substantial consolidation among firms in many industries in countries around

More information

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES THE APERIO DIFFERENCE. Authors Michael Branch, CFA Ran Leshem CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES U.S. investors can capture international equity exposure

More information

Harbor law in the region have added to customer angst over data locality, so this is timely for NTT.

Harbor law in the region have added to customer angst over data locality, so this is timely for NTT. NTT is taking part in the fast-rising trend in using cloud-computing techniques for advanced infrastructure services (more complex than IaaS or PaaS, less defined than SaaS). The global telecom and IT

More information

THE ZENDESK BENCHMARK

THE ZENDESK BENCHMARK zendesk.com Q THE ZENDESK BENCHMARK IN FOCUS: ANALYTICS Norway Canada New Zealand The Zendesk Benchmark Q/ Table of Contents Global Customer Satisfaction Summary Background on the Zendesk Benchmark Page

More information

/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/

/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ FIRST HALF, 2014 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ EXECUTIVE SUMMARY [2] THE COMPANY FORMATION ENVIRONMENT [4] GEOGRAPHIC TRENDS [6] 2 EXECUTIVE SUMMARY Welcome

More information

Outsourcing RESEARCH PAPER

Outsourcing RESEARCH PAPER Written by Maxine Holt, March 2002 INFRASTRUCTURE Research and Advisory Services Outsourcing RESEARCH PAPER Infosys Outsourcing Services Abstract Infosys provides a range of IT outsourcing services to

More information

Emerging economies expected to drive demand TeleFocus, August 16, 2010

Emerging economies expected to drive demand TeleFocus, August 16, 2010 Driven primarily by technology advancements and the increasing use of data-intensive applications, global broadband subscriptions have witnessed strong growth both in the wireless and wireline broadband

More information

Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients

Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients 2 ALLIANCE TRUST SAVINGS About us We are part of the Alliance Trust group and have the backing

More information

Population Ageing in the United Kingdom, its Constituent Countries and the European Union

Population Ageing in the United Kingdom, its Constituent Countries and the European Union Population Ageing in the United Kingdom, its Constituent Countries and the European Union Coverage: International Date: 02 March 2012 Geographical Area: UK and GB Theme: Population Foreword This report

More information

Europe IPTV Industry Outlook to Faltering Growth Amid Signs of Maturity

Europe IPTV Industry Outlook to Faltering Growth Amid Signs of Maturity Brochure More information from http://www.researchandmarkets.com/reports/2234199/ Europe IPTV Industry Outlook to 2016 - Faltering Growth Amid Signs of Maturity Description: The report titled "Europe IPTV

More information

SOCIAL ADVERTISING BENCHMARK REPORT THE SALESFORCE MARKETING CLOUD. Metrics from 1+ Trillion Facebook* Ad Impressions Made Through Our Platform

SOCIAL ADVERTISING BENCHMARK REPORT THE SALESFORCE MARKETING CLOUD. Metrics from 1+ Trillion Facebook* Ad Impressions Made Through Our Platform THE SALESFORCE MARKETING CLOUD SOCIAL ADVERTISING BENCHMARK REPORT Metrics from 1+ Trillion Facebook* Ad Impressions Made Through Our Platform *All trademarks, service marks, and trade names are the property

More information

Table of Contents. 2010 Brightcove, Inc. and TubeMogul, Inc Page 2

Table of Contents. 2010 Brightcove, Inc. and TubeMogul, Inc Page 2 Table of Contents Table of Contents... 2 Background... 3 Methodology... 3 Key Findings... 4 Platform Usage... 6 Video Stream Trend Data... 6 Player Loads Q1 2010... 8 Video Uploads Q1 2010... 10 Engagement,

More information

E-COMMERCE AND OPPORTUNITIES FOR

E-COMMERCE AND OPPORTUNITIES FOR 14th Königswinter Seminar on Postal Economics, Postal Regulation and Volumes under Pressure 25-27 November 2013 E-COMMERCE AND OPPORTUNITIES FOR CROSS-BORDER PARCELS IN EUROPE Didier Brune, Head of Regulation,

More information

www.pwc.com IPO Watch Europe Survey Q1 2011

www.pwc.com IPO Watch Europe Survey Q1 2011 www.pwc.com IPO Watch Europe Survey Q1 2011 Table of contents Page European IPO activity by value and volume 3 IPO offering value 4 IPO volume 5 IPOs by market 6 Top five IPOs 7 US and Russia 8 Offering

More information

Unbundling in Europe: Recent Trends

Unbundling in Europe: Recent Trends Unbundling in Europe: Recent Trends Sophie BISMUT IDATE, Montpellier O ver the past few years, a radical change has come about in the role of the copper local loop that connects subscribers to their operator's

More information

FTI Consulting +44 (0)20 3727 1340 Richard Mountain / Susanne Yule

FTI Consulting +44 (0)20 3727 1340 Richard Mountain / Susanne Yule 13 October 2015 THIRD QUARTER 2015 INTERIM MANAGEMENT STATEMENT Highlights* 10.2% Group gross profit growth, good contributions from all four regions FX lowered gross profit by c. 7m (c. 18m YTD) Double-digit

More information

Driving success a strategy for growth and sustainability in the UK automotive sector Summary

Driving success a strategy for growth and sustainability in the UK automotive sector Summary Industrial Strategy: government and industry in partnership Driving success a strategy for growth and sustainability in the UK automotive sector Summary July 2013 SUMMARY DRIVING SUCCESS 1 The UK automotive

More information

Retail investment drops to 10 billion in Q1 following five quarters of exceptional turnover

Retail investment drops to 10 billion in Q1 following five quarters of exceptional turnover 2008.1 2008.2 2008.3 2008.4 2009.1 2009.2 2009.3 2009.4 2010.1 2010.2 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1

More information

OVERVIEW. Italy. www.postalconsumers.org/pfi MARKET COMPETITION: Very Competitive. MARKET FREEDOM: Free Market. MARKET FREEDOM: Restricted Market

OVERVIEW. Italy. www.postalconsumers.org/pfi MARKET COMPETITION: Very Competitive. MARKET FREEDOM: Free Market. MARKET FREEDOM: Restricted Market I T A L Y Consumer Postal Council Index of Postal Freedom 2012 P O S T E I T A L I A N E MARKET COMPETITION: Very Competitive OVERVIEW Government-owned Poste Italiane has evolved into a financially profitable

More information

Mobile measurement. Marketing that keeps pace with tablets and smartphones

Mobile measurement. Marketing that keeps pace with tablets and smartphones Mobile measurement Marketing that keeps pace with tablets and smartphones An Experian Marketing Services White Paper July 2014 Measure up to mobile This is the age of marketing revolutions. In just over

More information

IMCO Working Group on the Digital Single Market. 31st of January 2013 Working Group on

IMCO Working Group on the Digital Single Market. 31st of January 2013 Working Group on IMCO Working Group on the Digital Single Market 31st of January 2013 Working Group on EMOTA represents 3,500 multi-channel/online retailers in 15 countries 15 European countries 16 member associations

More information

Smartphones and Application Trends and Opportunities

Smartphones and Application Trends and Opportunities Smartphones and Application Trends and Opportunities Trends and Analysis Gabe Ingalls Contents Search Traffic KPIs Traffic Smartphone terms have received 61% more traffic in 2010 than during the same period

More information

The rise of the cross-border transaction. Grant Thornton International Business Report 2013

The rise of the cross-border transaction. Grant Thornton International Business Report 2013 The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting

More information

UK PRODUCTIVITY GROWTH THREATENED BY PROJECTED IT NETWORKING SKILLS SHORTAGE

UK PRODUCTIVITY GROWTH THREATENED BY PROJECTED IT NETWORKING SKILLS SHORTAGE UK Press contacts: Sam Burrough Tony Smith / Toby Walsh Cisco Systems Brands2Life +44 (0)20 8824 1000 +44 20 7592 1200 sburroug@cisco.com cisco@brands2life.com UK PRODUCTIVITY GROWTH THREATENED BY PROJECTED

More information

RESEARCH PERIODICAL THE ECONOMIC OUTLOOK FOR LONDON

RESEARCH PERIODICAL THE ECONOMIC OUTLOOK FOR LONDON RESEARCH PERIODICAL THE ECONOMIC OUTLOOK FOR LONDON Report prepared for the City of London Corporation by Oxford Economics Published April 2013 Overview The outlook suggests that London is expected to

More information

Energy security in the EU through an Energy Union

Energy security in the EU through an Energy Union Energy security in the EU through an Energy Union Fabio Genoese Madrid, 19 January 2015 Thinking ahead for Europe Centre for European Policy Studies (CEPS) www.ceps.eu Key messages 1. Reduce the fragmentation

More information

Statistical Data on Women Entrepreneurs in Europe

Statistical Data on Women Entrepreneurs in Europe Statistical Data on Women Entrepreneurs in Europe September 2014 Enterprise and Industry EUROPEAN COMMISSION Directorate-General for Enterprise and Industry Directorate D SMEs and Entrepreneurship Unit

More information

Enterprise Mobility Management Market by Solution, by Services - Global Forecast to 2019

Enterprise Mobility Management Market by Solution, by Services - Global Forecast to 2019 Brochure More information from http://www.researchandmarkets.com/reports/3160843/ Enterprise Mobility Management Market by Solution, by Services - Global Forecast to 2019 Description: Enterprise Mobility

More information

European Working Capital Study

European Working Capital Study www.pwc.com European Working Capital Study January 2011 European Working Capital Study January 2011 Introduction As we are seeing positive signs indicating the end of the crisis, liquidity and cash management

More information

International Women's Day PwC Women in Work Index

International Women's Day PwC Women in Work Index www.pwc.co.uk International Women's Day Women in Work Index Women in Work Index UK rises four places to 14 th position within the OECD, returning to its position in 2000. The third annual update of the

More information

Searching for returns: real estate investors take profits

Searching for returns: real estate investors take profits Hamburg, 14 September 2015 Investor survey: Searching for returns: real estate investors take profits - International pressure to invest opens up selling opportunities - Trend towards higher risk and cross-border

More information

Investing in Germany. Robert Gampfer Division 402 External Economic Promotion

Investing in Germany. Robert Gampfer Division 402 External Economic Promotion Investing in Germany Robert Gampfer Division 402 External Economic Promotion Why invest in Germany? 01.11.2010 Why invest in Germany? 2 Germany offers... high labour productivity a first-class infrastructure

More information

Outsourcing in Romania Country Overview: Romania

Outsourcing in Romania Country Overview: Romania Outsourcing in Romania Country Overview: Romania Romania the largest market in South Eastern Europe 1000 km radius 1500 km radius Bucharest Area: Population: Capital city: European Union status Affiliation:

More information

Customer Relationship Management (CRM) Analytics Global Market Analysis - Forecast (2014-2020)

Customer Relationship Management (CRM) Analytics Global Market Analysis - Forecast (2014-2020) Brochure More information from http://www.researchandmarkets.com/reports/3164949/ Customer Relationship Management (CRM) Analytics Global Market Analysis - Forecast (2014-2020) Description: The report

More information

World Broadband Statistics

World Broadband Statistics World Broadband Statistics Q1 2013 June 2013 Point Topic Ltd 73 Farringdon Road London EC1M 3JQ, UK Tel. +44 (0) 20 3301 3303 Email toby.french@point-topic.com 2 Contents 1 Introduction 3 2 Global and

More information

WEST OF ENGLAND TOURISM DEVELOPMENT PLAN

WEST OF ENGLAND TOURISM DEVELOPMENT PLAN WEST OF ENGLAND TOURISM DEVELOPMENT PLAN EXECUTIVE SUMMARY Context Tourism is the world s biggest industry. In the UK, it accounts for 3.5% of the nation s economy with a value in excess of 80 billion,

More information

Digital Transformation of Small and Medium Enterprises in the SLOVENIA. DELab UW Country Report April delab.uw.edu.pl

Digital Transformation of Small and Medium Enterprises in the SLOVENIA. DELab UW Country Report April delab.uw.edu.pl Digital Transformation of Small and Medium Enterprises in the DELab UW Country Report April 2016 delab.uw.edu.pl delab@uw.edu.pl Authors: dr hab. Katarzyna Śledziewska dr Renata Włoch Tinatin Akhvlediani

More information

Global ex U.S. Developed and Emerging Markets Private Equity and Venture Capital Indices Returns (%) in U.S. Dollars Periods ending June 30, 2013

Global ex U.S. Developed and Emerging Markets Private Equity and Venture Capital Indices Returns (%) in U.S. Dollars Periods ending June 30, 2013 Overview Cambridge Associates LLC Global ex U.S. Developed and Emerging Markets Private Equity and Venture Capital Benchmark Commentary Quarter Ending June 30, 2013 During the second quarter, in U.S. dollar

More information

OECD Insights Human Capital: How what you know shapes your life

OECD Insights Human Capital: How what you know shapes your life OECD Insights Human Capital: How what you know shapes your life Summary in English The world of work has seen enormous change over the past couple of decades. Manufacturing jobs account for an ever smaller

More information

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND PRESS RELEASE CENTRAL BANK SURVEY OF FOREIGN EXCHANGE AND DERIVATIVES MARKET ACTIVITY IN APRIL 1998: PRELIMINARY GLOBAL DATA The BIS

More information

March 2016 CAPITAL VIEWS EMEA RETAIL INVESTMENT TRENDS

March 2016 CAPITAL VIEWS EMEA RETAIL INVESTMENT TRENDS March 2016 CAPITAL VIEWS EMEA RETAIL INVESTMENT TRENDS MARCH 2016 CAPITAL VIEWS: RETAIL INVESTMENT TRENDS Buoyant year-end for retail driven by Germany and the Nordics Retail was the fastest growing sector

More information

Nokia Siemens Networks appoints Fleet Logistics to manage Finnish fleet

Nokia Siemens Networks appoints Fleet Logistics to manage Finnish fleet Press release Nokia Siemens Networks appoints Fleet Logistics to manage Finnish fleet Green fleet award-winning Nokia Siemens Networks has extended its relationship with Fleet Logistics to add its 1,800

More information

In Q3, One Third of all

In Q3, One Third of all / COVARIO / QUARTERLY GLOBAL PAID SEARCH SPEND ANALYSIS In Q3, One Third of all Media Spend is Mobile Mobile Search Spending in Q3 Grew by 18 By Alex Funk Executive Summary Year-on-year global paid search

More information

The Economic Impact of Cloud Computing in the EU

The Economic Impact of Cloud Computing in the EU The Economic Impact of Cloud Computing in the EU Jerusalem March 19, 2012 Professor Federico Etro University of Venice Ca Foscari What will be the impact of cloud computing on business creation and on

More information

The European Perspective

The European Perspective Back on Track Back on Track The European Perspective E UROPEAN INTRODUCTION Back on Track Europe s biotech industry is decisively back on track. After years of consolidation and relatively stagnant results,

More information

How social technologies drive business success EUROPEAN SURVEY RESULTS 15 TH MAY 2012

How social technologies drive business success EUROPEAN SURVEY RESULTS 15 TH MAY 2012 How social technologies drive business success EUROPEAN SURVEY RESULTS 15 TH MAY 2012 Contents Foreword... 1 Executive summary... 2 How are social tools being used today?... 4 How will social tools be

More information

Statistics Compendium EBAN 2014. 5.5b

Statistics Compendium EBAN 2014. 5.5b Statistics Compendium EBAN 2014 5.5b The Statistics Compendium is Europe s most extensive annual research on the activity of business angels and business angel networks. It provides information on the

More information