The research identified 176 platform companies worldwide with a market valuation of US$1 billion or more. Some platform companies have become household names, such as Amazon, Alibaba or Uber, but there are many others that are less known. The location and value of platform companies vary substantially across the world. Asia now has the largest number of leading platforms with 82, exceeding those in North America. Top hubs for platform formation and operations include San Francisco Bay Area, Beijing, London and New Delhi.
"The ability of platforms to better utilize houses, cars, workspaces among other assets has spawned considerable interest and passion around the potential of the so-called 'share economy,'" said Peter C. Evans, VP of the Center for Global Enterprise and project leader of CGE's "Emerging Platform Economy" research. "They are reshaping the contours of competition, innovation, and even global trade."
"Growing platform competition explains the 'platform anxiety' that is being exhibited in Europe, which lags behind North America and Asia in platform formation and value capture," said Annabelle Gawer, Professor of the Digital Economy at the University of Surrey.
"While platforms make important contributions to the economy, it is also critical to understand their implications. A platform like Uber has expanded to 67 countries in seven years; it took IBM 50 years to get there," said Sam Palmisano, Founder and Chairman of the CGE and former CEO and Chairman of IBM.
The Platform Global Survey is accessible at www.thecge.net
About the Center for Global Enterprise (CGE):
The CGE is a nonprofit, nonpartisan research institution devoted to the study of global management best practices, the contemporary corporation, economic integration, and their impact on society.
Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2016
