295 place 15

314 European software sector at critical ‘inflection point,’ warns McKinsey

The Next Web
Siôn Geschwindt @ The Next Web 1 place · 06/02/2025 08:08 EDT

Europe has a unique chance to lead in software — but only if it improves its ability to turn startups into profitable businesses. That’s the conclusion of a new report from McKinsey and Boardwave, which warns that unless the region tackles structural barriers, its startups will continue to lag behind global rivals. The report, Europe’s Moonshot Moment, found that the continent has over 280 software companies generating more than €100 million in annual recurring revenue (ARR). These scaleups include the like

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