The United Kingdom is Europe's largest ICT market, with significant opportunities in cybersecurity, 5G/telecoms, AI, and SaaS/cloud. After Silicon Valley, London is the second most connected place for technology. In the face of challenging conditions, UK tech VC investment is third in the world (after the US and China), and more than any other European country (more than France and Germany combined), with a record high of $21 billion in 2020. Moreover, the vast majority of UK enterprises rely on mobile workforce connectivity, creating an ideal environment for SaaS and cloud providers.