Developing countries like India, China and Brazil may soon become Silicon Valley's new address as their receptiveness to new ideas in technology devices and networked services will encourage high-tech companies to test new service offerings in these emerging markets, a study said.
"The next Silicon Valley is already emerging in places like India, Brazil and China. Best of all, it is a much bigger valley. The path to high performance in communications and high tech will certainly pass through the developing world," consulting and outsourcing firm Accenture said in the study.
Image: The International Technology Park Ltd (ITPL) building which houses nearly 50 technology firms in Bangalore. Bangalore is home to dozens of global and domestic technology companies and is often referred to as Asia's 'Silicon Valley'. | Photograph: Savita Kirloskar/Reuters
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