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Tech Startup Ecosystem Rankings for 2015 [Chart]

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Tech Startup Ecosystem Rankings for 2015 [Chart]

Tech Startup Ecosystem Rankings for 2015 [Chart]

Canadian cities get decimated; NYC, Austin, Singapore, and Berlin shoot up startup ecosystem rankings

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

The Global Startup Ecosystem Ranking 2015 report ranks the top 20 technology startup ecosystems in the world based on Performance, Funding, Market Reach, Talent, and Startup Experience.

Performance is based on the funding and exit valuations of startups headquartered in the ecosystem, and Funding represents the amount of investments by venture capitalists and the time it takes to raise capital. Talent is based on the quality of technical talent, availability, and cost. Market Reach is the local system’s GDP and ease of reaching customers internationally, while Startup Experience is a qualitative measure based on surveying veteran startup mentors and local founders on the success of startups in that particular region.

The report had several significant findings since its last iteration in late 2012. Particular stories that stand out: Canadian cities are dropping drastically, cities outside of North America such as Berlin and Singapore are climbing the rankings, and the United States remains strong with four of the top five ecosystems.

Despite having many companies in the Narwhal Club, home to companies valued at more than $1 billion such as Slack, Hootsuite, and Avigilon, the Canadian market has struggled relative to the rest of the world. Waterloo, home of the once-mighty RIM, has fallen out of the Top 20 altogether. Toronto and Vancouver each dropped nine spots, more than any other ecosystem on the list, claiming the #17 and #18 spots respectively. Vancouver had the third slowest growth out of all cities in the index, and continues to struggle as far as funding goes. Toronto had the fifth slowest growth and also needs to expand growth to venture capital.

In good news for Canada, Montreal debuted on the list, but only at #20.

Slower growth in Canada has been met with exploding markets in Berlin and Singapore. Both of these international centers have had recent success stories that have moved them up the startup ecosystem rankings.

Berlin jumped an impressive six spots to #9 overall and had 20x the average growth of all startup markets. Zalando, Europe’s largest online-only fashion retailer raised $668 million in an IPO to value the company at $6.8 billion overall. Meanwhile, Rocket Internet had the biggest IPO since 2007 in Germany, raising $2 billion.

Singapore moved up seven places, more than any other ecosystem, to round out the Top 10. Growth was relatively average, but the government’s support of the ecosystem and Singapore’s strong financial community helped out its ranking in the Funding category. Garena, a social gaming platform, is valued at $2.5 billion and is one of Singapore’s bright stars.

Lastly, the United States remained on top of the leaderboard with four cities in the Top 5. Silicon Valley remains at the top of the list with the best rankings in all categories (except Market Reach). New York jumped up three spots to finish #2, having the best Market Reach of all cities in the index. Los Angeles and Boston are right behind with the #3 and #4 spots. Austin is also notable, as it debuted on the rankings this year at 14th place.

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Ranked: The 20 Biggest Tech Companies by Market Cap

In total, the 20 biggest tech companies are worth over $20 trillion—nearly 18% of the stock market value globally.

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A portion of the top 20 biggest tech companies visualized as bubbles sized by market cap with Apple as the biggest.

Ranked: The 20 Biggest Tech Companies by Market Cap

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The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap
1AppleU.S.$3.3T
2MicrosoftU.S.$3.3T
3NvidiaU.S.$3.2T
4AlphabetU.S.$2.2T
5AmazonU.S.$1.9T
6MetaU.S.$1.3T
7TSMCTaiwan$897B
8BroadcomU.S.$778B
9TeslaU.S.$582B
10TencentChina$453B
11ASMLNetherlands$415B
12OracleU.S.$384B
13SamsungSouth Korea$379B
14NetflixU.S.$281B
15AMDU.S.$258B
16QualcommU.S.$243B
17SAPGermany$225B
18SalesforceU.S.$222B
19PDD Holdings (owns Pinduoduo)China$212B
20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

 

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced a higher dividend, and reported that its next-generation GPU chip will start generating revenue later this year.

AI a Driver of the Biggest Tech Companies

It’s clear from the biggest tech companies that involvement in AI can contribute to investor confidence.

Among S&P 500 companies, AI has certainly become a focus topic. In fact, 199 companies cited the term “AI” during their first quarter earnings calls, the highest on record. The companies who mentioned AI the most were Meta (95 times), Nvidia (86 times), and Microsoft (74 times).

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