US leads the way for business in disruptive technologies

The land of opportunity has the highest concentration of companies across all eight major disruptive technologies

A study by Capital on Tap shines a light on the countries with the highest number of businesses and startups created as a result of disruptive technologies, unveiling the US as the nation with the highest concentration of companies across all eight major disruptive technologies.

From virtual reality to 3D printing, disruptive tech is now a global business which crosses every industry and impacts daily life. Through this analysis, Capital on Tap sought to uncover which countries and industries are trailblazing the sector, as well as which job roles are most in-demand and the average salary you can earn in each position.

Here are the five most popular disruptive technologies for startups worldwide:

  1. Cloud consulting, with 3,892 companies
  2. Cybersecurity, with 2,058 companies
  3. Business intelligence and big data, with 2,011 companies
  4. Artificial intelligence, with 1,870 companies
  5. Virtual and augmented reality, with 1,867 companies

From analysing data to find the number of companies specialising in these technologies and determine their location, the US was confirmed to have the highest number of companies across all technologies specified, with India and the UK consistently ranking either second or third in every category.

The UK comes in second for the highest number of cloud consulting companies, with 569. India has 366, placing them third on the list. When it comes to the Internet of Things (IOT), however, India has the most companies after the US, followed by the UK.

Poland only features once on the list with a total of 63 machine learning companies, while again, the US ranks highest with 421 businesses, followed by the UK with 160.

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IT is the sector that hosts the most businesses worldwide with 2,552. Financial services is second with 2,178, followed by healthcare and medical in third with 2,138. Business services ranks fourth, while ecommerce comes fifth, with 2,002 and 1,417 respectively.

Surprisingly, as a sector, edtech ranks eighth with 1,123 global corporations.

In the UK, the top five most in-demand roles and their average salaries are as follows:

  1. Business intelligence, with 7,027 permanent vacancies and an average salary of £52,500
  2. Cybersecurity, with 4,682 permanent vacancies and an average salary of £58,000
  3. Machine learning, with 3,981 permanent vacancies and an average salary of £65,000
  4. Big data, with 3,913 permanent vacancies and an average salary of £70,000
  5. Artificial intelligence, with 3,585 permanent vacancies and an average salary of £65,000

Business intelligence is the most popular disruptive role, while augmented reality (AR) sits last on the list with just 76 permanent vacancies. AR is also the lowest-paid specialisation, with a wage of £45,000, while Blockchain is the highest-paid with a wage of £75,000.

“Disruptive technology significantly changes the way we operate in both our professional and personal lives,” said a Capital on Tap spokesperson. “It removes old habits and systems and replaces them with something more superior in accuracy, efficiency and the experience it provides.

“Electricity, the automobile and television were all once disruptive technologies that have now become embedded in our everyday life,” they added. “It is therefore crucial that businesses across all sectors are finding ways to implement them into their companies.”

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