Information and Communications Technology
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Loading... - Tomas Marques
- 02 Feb 2023
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This is a best prospect industry sector for this country. Includes a market overview and trade data.
Overview
The Portuguese National ICT is a highly innovative and dynamic sector, which already represents nearly 10% of the Portuguese GDP, reaching almost USD20 billion in total turnover, according to the latest data available from the National Portuguese ICT Cluster, TICE. With young and highly qualified resources, it employs more than 80,000 people. In the past decade, the profile of ICT companies has shifted from traditional ICT providers to highly specified and innovative startups. The sector is supported by world-class research developed in partnership with Portuguese universities.
Lisbon’s tech scene is bustling, and the city is one of Europe’s fastest-growing tech ecosystems, making a name for itself as Europe’s Silicon Valley. Portugal has a very high proportion of STEM graduates and engineering talent at a competitive cost. According to Eurostat, the country has the third highest rate of Engineering graduates in the European Union, with around 90,000 students graduating each year. In Lisbon, universities like Instituto Superior Técnico and Nova School of Science and Technology churn out hundreds of excellent developers every year. A very high English language proficiency overall is also a great plus. Lisbon is a growing destination for digital nomads as well as remote programs. The city’s strong tech crowd cultivates an active coworking scene, providing a great environment to meet others and collaborate. Everyone from entrepreneurs, freelancers, and remote workers to digital nomads with diverse backgrounds and professions can come together. This contributes to Lisbon becoming a hub of entrepreneurial innovation and technology, with tech companies of all sizes and innovative startups setting up offices all over as the tech talent swarms the tech city. Read More…
