Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

SWITZERLAND EXPORTS SIX TIMES MORE IT SERVICES THAN CHEESE AND CHOCOLATE COMBINED

Switzerland, traditionally seen as the home of luxurious consumer goods, is fast becoming an international powerhouse in IT products and services, exporting more IT technology than chocolate and cheese, according to a new survey.

With export volumes of Swiss IT products and services reaching nearly nine billion Swiss Francs (8,814 billion CHF) in 2011, the IT industry now exports six times more than popular Swiss exports cheese and chocolate (1,335 billion CHF).

Artmotion Datacentre
Artmotion Datacentre

The report, from ICTswitzerland, lists IT among the top ten main export groups, according to foreign trade statistics from the Swiss Customs Administration.

IT services such as data storage in Switzerland are becoming increasingly popular, as global companies are choosing to take advantage of the country’s strict privacy laws. The rising popularity of Swiss IT services can be attributed to the increasing mistrust of US data storage companies following recent NSA and GCHQ revelations.

Mateo Meier, director of Swiss data storage company, Artmotion, comments: “Switzerland has previously been associated with luxury food and jewellery exports, but now we are receiving international recognition for IT services as well. The country has traditionally acted as a hub for multinational corporations’ financial needs, and we’re using the same experience and expertise to become a big player in the IT industry.

“Within the IT industry, private data storage using dedicated servers has become highly sought after. No longer happy with cloud computing and US data storage companies, firms are turning to so-called ‘Silicon Switzerland’ to entrust important data and business secrets. In light of the NSA scandal, we’ve seen more interest from companies across the oil and gas, financial and retail sectors.”

Artmotion operates out of Switzerland and is one of the country’s biggest offshore hosting companies. Equipped with the latest technology and dedicated, managed and cloud security hosting options, Artmotion ensures maximum privacy.

For more information, please visit http://www.artmotion.eu/