By Technology, nowadays, has an inevitable role in our lives. From entertainment and communications to healthcare and business operations, the impact of IT is overwhelming. Behind this paradigm shift, involves the giants of the IT industry, empowering the industry with innovative advancements and services. There are numerous small and large IT companies playing their part in technological advancements and presenting innovative ideas and products in the market. Let’s explore these giants one by one to understand what they have and how they compete in the market to stay top of the list.
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1: Apple
Apple was established on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. Today, Apple is the largest tech company in the world with an annual revenue of $388 bln. Its market cap is 2535 trillion dollars which is tremendous. Apple has the privilege to have the most valuable & unique products. Especially, when it comes to smartphones or similar products, Apple has no comparison in the market in terms of quality and performance. Apple started as a manufacturing company of home computers and proprietary PC models, now its product range includes smartwatches, smartphones, computers, laptops, tablets, and much more. Apple is headquartered in Cupertino, California, USA.
2: Microsoft Corporation
Microsoft is the pioneer, one of the largest IT corporations, and ranks 2nd top in the list of IT companies. Its products such as MS Windows, MS Office, and Internet Explorer are widely used in almost every business operation in the world. Bill Gates and Paul Allen established the Microsoft in 1975. Microsoft started as an operating system industry but later on, they expanded their services to software. Its market cap is more than 2 trillion dollars with annual revenue of over $204 bln.
In 2011, Microsoft took over Skype technologies after paying 8.5 billion dollars, and in 2016, they paid 26.2 billion dollars to take over LinkedIn. Furthermore, GitHub, Mojang, aQuantive, ZeniMax, and Nuance Communications are also owned by Microsoft.
Microsoft has emerged as a leader in the IT industry due to its adaptation to the latest trends and technologies. Now, it is marching towards machine learning, AI, and cloud computing technologies to develop further in the industry to create easy-to-use products for businesses and individuals.
3: Alphabet Inc.
It wouldn’t be wrong to say that almost all netizens would have heard about Google in their life. Many of those may be unaware of the fact that in 2015, the giant corporation changed its name
to Alphabet Inc. The major contribution of this organization is in research and development, software, video games, biotechnology, etc. This business cluster was established in 1993 by Larry Page and Sergey Brin. Google Venture division is a part of Alphabet’s business, which invests in start-ups and Google investment programs. Its annual revenue is around $280 bln.
4: IBM
International Business Machines, abbreviated as IBM is another one of the top-listed IT companies in the world. It was started as a computer recording company in 1925. It is headquartered in Armonk, New York. Major contributors to the company’s revenue are cloud computation, cognitive computation, data analytics Internet of Things IoT, and IT infrastructures.
In the year 2017, IBM generated its ever-best revenue compared to its past. IBM became a major contributor to cloud services and corporate blockchain in 2017. With more than 400,000 employees, IBM is one of the world’s largest recruitment organizations.
5: Accenture
Accenture is known as the largest IT firm in the world by number of employees. It has nearly 750,000 employees. It is also included in the Fortune 500, a multinational organization consulting businesses that offer services like strategies, operation, consultancy, and technologies.
Accenture started as an accountancy firm named Arthur Andersen’s business and technology consulting organization. Later on, in 1989, Andersen’s consulting converted into its present name “Accenture” which means “accent of the future”.
Accenture Consultancy provides mobility consultancy and digital marketing analysis as well. Accenture Technology is targeting R&D, technology solutions, and technological laboratories for the latest innovations. Its annual revenue is 64.11 bln dollars.
6: Oracle
Oracle is one of the top American Multinational companies having 2nd largest revenue in the software industry after Microsoft. It has a workforce of more than 150,000. Its core operations are ERP solutions, database development, supply chain software management, and customer relationship management.
Oracle has over 400,000 international customers, over 15000 products, and more than 150 franchises in countries. Oracle is known for simple and user-friendly apps such as cloud applications and data center operations which optimize business operations, workflows, manageability, security, and engineering.
7: SAP
Systems, Applications, and Products in Data Processing are abbreviated as SAP, a well-known global giant in corporate applications horizon of software and software-related services. SAP has a business network in over 130 countries. It has around 800,000 clients worldwide. SAP was formed in 1972 as a private firm named “Systemanalysis und Programmentwicklung”. Its annual revenue, according to the year 2023 is 31.2 bln dollars.
SAP primarily works on machine learning, IoT, cloud services, blockchain, and SAP HANA to resolve complex business problems.
8: TCS
Tata Consultancy Services commonly known as TCS is a leading Indian Multinational Technology Corporation. It is headquartered in Mumbai, India. Its prime functionalities are consultation services, infrastructural support, software development, and business process outsourcing.
In 2017, it was ranked 10th on Fortune India’s list of 500. It has a customer portfolio from all fields of life. Its annual revenue is around 29 bln dollars as of 2023.
9: DXC
With an annual revenue of 25 bln dollars, DXC is one of the top listed American IT services and consulting companies. It was founded when HP’s IT division merged with CSC. It is headquartered in Ashburn, Virginia, U.S. This combination of HP and CSC is a major contributor in BPOs, engineering, analytics, cloud, apps, security, and IT outsourcing.
10: Capgemini
Capgemini is a French multinational IT company and one of the leaders of the IT industry, headquartered in Paris. It has a presence in more than 42 countries worldwide. Capgemini contributes in the fields of IT consultations, professional services, and outsourcing. It has a workforce of around 400,000 employees worldwide. Green IT is another landmark of Capgemini in the IT industry. Its annual revenue is 22.5 bln dollars.
