According to PriceWaterhouseCoopers, software patents are "a particular threat to the European ICT Industry".
Quote from the report: "There are particular threats to the European ICT industry such as the current discussion on the patent on software. The mild regime of IP protection in the past has led to a very innovative and competitive software industry with low entry barriers. A software patent, which serves to protect inventions of a non-technical nature, could kill the high innovation rate."