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Bengaluru and Gurugram are among the Top 5 Asia-Pacific Preferred Destinations for Technology Offices, Due to Better Business Conditions and the Availability of Engineers and Real Estate for Growth, According to a Report .
CBRE, a real estate consultant, said technology companies continue to supply demand for offices in the APAC region, despite the absence of any major city or cluster of the same status as Silicon Valley. The technology sector accounted for 23% of total leasing activity in 2018.
The study ranked 15 cities in the Asia-Pacific region in three categories, according to their performance with respect to business conditions, the environment of innovation, costs and availability.
The economic and environmental conditions of innovation each received a weight of 40%, while the cost, a relatively less important consideration for technology firms, was weighted at 20%.
"The main cities are Beijing, Bengaluru, Shanghai, Singapore and Gurugram, and the report indicates that these cities are performing well in terms of business conditions and innovation environment, as well as favorable costs and availability for business growth, "says the report.
These cities are prime destinations for many traditional and new technology companies. seeks to establish a base of operations in Asia-Pacific.
Hyderabad is listed in the list of five relevant cities alongside Hangzhou, Shenzhen, Tokyo and Seoul. These cities are already home to sub-sectors of the technology industry and are performing well in most categories.
Five substitute cities are Hong Kong, Hsinchu, Sydney, Taipei and Auckland. These cities have favorable views on some important aspects, but their most appropriate role is to host specific functions to complement larger clusters elsewhere in the region.
"India is home to a growing number of technology unicorns and the Asia-Pacific region is defined as the region that leads to the rapid adoption of disruptive technologies.
" However, much remains to be done to identify areas in which market conditions, innovation and talent unite to form a globally competitive digital hub, "said Anshuman Magazine, President and CEO of CBRE India.
Magazine , which also runs activities in Southeast Asia, the Middle East and Africa, said that access to programs of incubators and accelerators and a broad pool of skilled talent in computer science was based in Delhi-NCR and Bengaluru supported the cultivation of new ideas.
The observations were formulated in the latest CBRE report titled "Programming Technology Cities in Asia-Pacific e as global technology centers ".
"The Asia Pacific has 8.4 million graduates in Science, Technology, Engineering and Mathematics (STEM), of which 30% in India, which is huge," he added.
been published from an agency thread without text modification. Only the title has been changed.
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