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Third only to the US and China

If technology were a national economy, it would be the third largest behind the US and China, claims Apptio and Rubin Worldwide in their new report, The State of the Global Technology Economy.

This values the technology economy at $6.3 trillion, putting it behind the GDPs of the US and China ($18.6 trillion and $11.2 trillion respectively) but ahead of those of Japan and Germany ($4.9 trillion and $3.2 trillion).

Dr Rubin’s valuation is higher than that of other analysts, such as Gartner ($3.5 trillion), because it includes the cost of all labour needed to support business applications, infrastructure and development and not just the hardware and software.

The report claims that the technology economy is currently growing 2.4 times faster than the global economy as a whole.

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