The UK has defied uncertainty surrounding Brexit by leaping from seventh to fourth place in a list ranking the most promising markets for technology breakthroughs.
The rankings, compiled by KPMG, asked 841 business executives at tech companies, venture capital firms and angel investors that focus on technology which country they felt shows the most promise for disruptive technology breakthroughs.
The UK placed fourth with a 10 per cent share of the vote, behind only the US (26 per cent), China (25 per cent) and India (11 per cent).
London also ranked at number five in the list of rising technology hubs respondents felt could challenge Silicon Valley, behind Shanghai, New York, Tokyo and Beijing.
Although the majority of UK techies felt Brexit would be bad for their industry - with high-profile vendors like Microsoft vocal in their backing of the Remain campaign - the tech sector here has proved its resilience by continuing to perform well and suck in investment, KPMG said in its commentary.
This confidence has been further bolstered by Google and Facebook's decision to hire more UK staff, Apple's decision to move to a new London HQ, and IBM's plans to open four UK datacentres, KPMG said.
It also praised the UK government for making tech a key priority of its new Industrial Strategy, singling out its £2bn R&D fund for emerging technology such as AI and robotics.
"Despite Brexit, the core attributes that have made the UK tech sector so strong and attractive remain in place, including an amazing talent base that has a long track record of creativity; great infrastructure and facilities; first class universities; a stable legal system; appropriate fiscal incentives; time zone advantages; and an ecosystem of advisers that support the needs of tech companies," KPMG stated.
Respondents were also asked which company they felt is the leader in driving technology innovation, with Google topping the pile on 20 per cent of the vote.
Apple finished second on 15 per cent, down on the 18 per cent share it garnered last year, with Microsoft (12 per cent) and IBM (seven per cent) completing the top four, ahead of Amazon, Tesla Motors, SpaceX and Alibaba.
Government criticised for 'almost always' buying new, despite ambitious carbon reduction targets
Support the Goals founder Colin Curtis joins CRN Tech Impact Awards judging panel
CRN Rising Stars pick sustainability and co-selling as top trends that will define 2020s
'I'd urge people not to underestimate how much you can influence others', Softcat operations director Alastair Wynn tells CRN
Reseller unveils 'industry leading' set of sustainability commitments as it acknowledges carbon footprint and e-waste generated by IT industry
Channel boss Andy Martin says rebate is simple and achievable for partners
Cybersecurity firm says the move provides “immediate scale” by broadening US offering
Raghuram has been with VMware since 2003 and will take over on June 1
Digital asset solutions providers are sought for eight-year framework