Comment by Archelaos

In global economies, it is a general rule that different regions of the world specialise in their respective sectors. In the IT industry, we generally observe that early innovators can extend their advantage by binding customers to their technology platform. One example of how this also applies to Europe in the IT sector is SAP. Founded in 1972, they were one of the first companies to offer ERP solutions. Their founders initially worked at a German branch of IBM and took over a software product that IBM was no longer interested in. SAP's leading position in this market has been so strong ever since that no US company has been able to pose a threat to SAP. Oracle, for example, has tried.

You can see this mechanism at work in the USA itself. Microsoft tried to get into the mobil market, but gave up. Google tried to build its own social network, but gave up. All other cloud providers are stuggeling to catch up with AWS.