The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss emerging trends in technology.

In today's edition, Jeremy and Eric look at a key trend in the technology world -- notably, the absence of major Internet giants in Europe. Of the 25 largest Internet and mobile companies identified by Kleiner Perkins partner Mary Meeker, none came from Europe while America dominated and emerging markets like China and Russia both found spots on the list. Simply put, the chart of the world's largest Internet companies succinctly shows a key reason Europe is falling behind.

With economies -- and high-paying jobs -- rapidly switching to service-based economies where ruling the dominant platforms of tomorrow is important for long-term success, Europe could be in trouble if it can't discover better ways to innovate in the technology space.

Both Eric Bleeker and Jeremy Phillips own shares no companies listed above.

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