• Industry: Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 9/4/2012

Local innovation; global growth 

Transformative changes are spreading out from the Silicon Valley epicenter to technology hubs in faraway places.

Countries that show the most promise for delivering disruptive breakthroughs that will have a global impact 


Asia is leading the charge in mobile communications and commerce as the smartphone has quickly become the must-have device, skipping past the PC generation of the West. Software parks have sprung up in Beijing, Bangalore and beyond as emerging markets vie to move up the innovation ladder from manufacturing or outsourcing centers in India. China is already the world’s second-largest economy, and as micro-innovations unfold, could stack up to Silicon Valley as a force to be reckoned with. Europe has been mired in a recession but an optimistic entrepreneurial spirit is surfacing once more in London’s ‘Silicon Roundabout’.

Recognizing this seismic shift is crucial; as cloud and mobile technologies pave the way for even faster technological development – development of new, game-changing technologies are no longer just the domain of Silicon Valley.

KPMG works with leading organizations around the world that recognize the emerging technology entrepreneurs and visionaries shaping the technology sector.

“Asian consumers – led by China – are doing more of their purchasing online; Asia has also seen exponential growth in the use of mobile devices for both purchases and mobile payments.”

- Egidio Zarrella, Clients and Innovation Partner, KPMG in China


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