European Tech Firms Struggle to Catch Up with US Giants

European tech firms are working to reduce their dependence on US technology giants. However, despite progress, they face significant challenges in catching up.

A century may pass before Europe's tech sector matches Microsoft's size and revenue, according to a company leader.

The European Union is taking steps to promote digital sovereignty by making governments and businesses buy more European tech. But the question remains whether these efforts are enough.

Companies like Mistral, Nextcloud, Domyn, Chapsvision, and others are growing rapidly and developing alternatives to US-based products.