A strong demand for technology has helped push the United States to lead the industry globally, taking first place from third just a year ago, according to a new survey.
Although the senior technology executives polled in KPMG LLP‘s annual Technology Industry Business Climate survey said they perceive the U.S. market driving revenue growth, they feel less optimism about hiring and expectations of mergers and acquisitions.
Respondents said they expect the U.S. market to have the highest percentage of revenue growth and employment growth over the next 12 months. China, Brazil and India follow the U.S. in revenue, while India and China placed second and third in employment.
In the survey, the U.S. market ranked third in expected revenue growth and fourth in employment growth. In addition, tech leaders this year predict the U.S. also will have the industry’s greatest percentage of research and development investment growth, followed by India and China.
In terms of revenue, 77 percent of the respondents expect the overall revenue at their companies to be higher a year from now. Technology executives said their biggest revenue driver over the next three years will be cloud computing, with 65 percent ranking it as the top driver. The second and third ranked revenue drivers in this year’s survey were mobile applications and advanced data analytics.