Is Chicago the Next Rising Hub for Technology?

Business | November 19, 2020

Tech Is Trending in Chicago  

Is Chicago the new rising hub for technology? The results of this year’s KPMG annual survey of global technology leaders might turn the heads of a few tech giants. Last year, Chicago didn’t even place in the top 20 of the world’s technology leaders, and this year it jumped up to not only be in the top 20 list but came in 13th place.

It is worth mentioning, that this report does not take the tech innovations of Silicon Valley into account. This report is meant to highlight the other shining stars of the tech industry throughout the globeThe complete rankings of the 2020 KPMG top 20 global technology leaders are as follows: 

Singapore – London, UK – Tel Aviv, Israeli – Tokyo, Japan – New York, US – Shanghai, China – Beijing, China – Seoul, Korea – Bengaluru, India – Hong Kong, China – Austin, US – Boston, US – Berlin, Germany – Chicago, US – Frankfurt, Germany – Mumbai, India – Shenzhen, China – Montreal, Canada – Dallas, US –Taipei, Taiwan 

Chicago the Next Rising Hub for Technology  

Recently the global accounting and consulting firm Deloitte released its rankings for the 2020 Technology Fast 500. The Chicago-area was listed among North America’s fast-growing regions for technology innovation. The results were based on the growth rate and revenue businesses presented between the years 2016 – 2019. It’s exciting to note that 9 Chicago-based businesses made the Technology Fast 500 list this year alone. 

What Can You Expect to See from Chicago in the Years to Come 

The good news is that even during uncertain times, Chicago is thriving as a hub for technology. If we are growing during a crisis, there is no telling what we can accomplish when the economy is in full swing again. Beyond your standard technology solutions, Chicago is also making strides in the world of media, telecommunications, life sciences, and energy technology.  

Sweet Home Chicago  

So maybe you don’t have to move to Silicon Valley to succeed in tech after all? This midwestern city has budding opportunities with a much lower cost of living. (The deep-dish pizza is pretty good too.)  

Looking for IT services in the Chicagoland area? Visit us online to find a solution that’s right for your business!  

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