The UK is home to 91 of the fastest growing 500 technology firms in EMEA, more than any other country in the region. But it is Israel that is producing companies with the most impressive growth trajectory, securing the top three places in the Deloitte Technology Fast 500 CEO survey, which ranks public and private technology companies from 21 countries in the region.
In contrast to the US, where growth rates have been falling since 2001, companies in EMEA have been showing a consistent increase with no signs of a slowdown. Despite financial and economic unrest, some 79.5% of the EMEA CEOs in this year’s survey were confident they could maintain high growth rates for the next two years as long as they could find people with the right skills. Just under half the CEOs said it was getting harder to hire and keep good quality employees.
Offshoring’s popularity remained unchallenged, with the percentage of companies employing over 15% of their workforce abroad expected to increase from 13.4% to 46.6% within five years.
Companies from other less populated areas, such as Scandinavia, Ireland, and the Netherlands, were also well represented in the top 500.