Largest Tech Companies In The World:
The technology continues to grow as it gains a foothold over revenue across the entire globe. Believe it or not, the digital economy is worth over $11 trillion, which equates to 15.5% of the total global GDP.
And while some of these companies are continually caught up in security controversies and ethical dilemmas, there’s no denying that they’re the driving forces behind products and services that we incorporate into our lives on a daily basis.
So who are the biggest names responsible for such astronomical power? Let’s take a look at the tech giants that are changing the digital landscape as we know it.
How We Chose the Largest Companies
As we searched for the largest tech companies, we didn’t go by actual physical size. Instead, this list is composed of tech companies that are responsible for accruing the highest amount of revenue. So when we say largest tech companies, we really mean the richest.
Who Are The Biggest Companies In Tech?
These are some of the most important names in e-commerce that you should probably be aware of in no particular order.
China Tech Giants
The Chinese tech market has immense power over the entire world of tech, and even though most giants still reside in the US, there are five software companies based here that are important to know.
These companies are Huawei, China Mobile, JD.com, Alibaba, and Tencent. Revenue for the digital market in China is predicted to grow nearly $1.2 trillion in 2021, all thanks to these five companies.
If you own a smartphone or have ever used a search engine to look up a question, you’ve contributed to Google’s immense success. In fact, the company retains over 92% of global search engine inquiries. Coupled with Google’s family of apps, Alphabet Inc. can proudly say that Google is worth over $1.85 trillion.
Apple Inc.
Steve Jobs’ iconic turtleneck sweater isn’t the only thing that has brought Apple into the stratosphere as the first company to hit $1 trillion in valuation. Due to the success of the iPhone, Macbooks, iPads, and iPods, and other consumer electronics this tech company’s scale is nearly impossible to comprehend. Apple is worth $2.35 trillion.
Not only has Facebook become a household name, but it’s become one of the top places for businesses to advertise. And with that comes a lot of revenue. Because of the success of Facebook and its family of apps, including Instagram and WhatsApp, founder Mark Zuckerberg can enjoy owning a $1 trillion business.
Microsoft
Bill Gates was once the richest man in the entire world. And while that status has since been stripped from him, his company continues to be a powerhouse in the world of tech. Microsoft is the world’s largest software company, and with a lead in both the tech industry as well as the gaming industry with the Xbox, Microsoft is worth $2.2 trillion.
Le Eco
Another Chinese tech company, Le Eco, maintains business in almost every sector of consumerism. After selling remaining ownership to Leshi Zhixin Electronic Technology in 2018, it continues to be a powerhouse in film distribution, real estate, eCommerce, and more.
Samsung
Samsung is one of Apple’s biggest competitors and continues to prove itself as a powerful force in tech. This $200 billion South Korean company is still the global leader in smartphone market share with their line of Android devices.
Tencent
We briefly mentioned Tencent as one of the five software companies in China, but they are so powerful that it’s important to give them their own section. Tencent owns WeChat, which over 1.25 billion monthly users use. Because of that, the company is worth over $550 billion.
Intel
While Intel might not have the reputation now that it once did because of novel competitors like Apple and Google, this manufacturer is the world’s largest semiconductor chip producer for computers. It earns itself $77.8 billion in revenue each year.
Cisco Systems
Cisco is a technology conglomerate based in San Jose, CA, but its power is felt worldwide. It’s one of the leading distributors in networking hardware and telecommunications equipment, best known for its internet. It makes about $50 billion a year.
Huawei
Yet another important Chinese tech company, Huawei, designs and develops telecommunications equipment and electronics. They manufacture all sorts of tech products, but they’re perhaps most well known for their high-tech wristwatches. Huawei makes a whopping $891 billion yearly.
Yahoo!
Despite Yahoo! losing some of its lusters because of its largest competitor, Google, it continues to have some power in the tech landscape. Services like Yahoo Mail, News, Sports, and Finance help to earn the company $1.33 billion in revenue yearly.
Conclusion
Technology is the way of the future, though some might argue that the future is already here. With powerhouse companies like Google and Apple, it’s exciting to see how further innovation will continue to evolve this changing landscape.
If you’re trying to start your own business, don’t let these huge conglomerates scare you. In fact, you can use their software and products to help kickstart your own. Using your smartphone, apps like Dialed can help you manage your business without needing to hire assistants. Auto-reply to text messages, block spam and robocalls and send out broadcast messages to help put your company’s name on this list.
Sources:
Trends in the Information Technology sector | Brookings
Software Development in China - Industry Data, Trends, Stats | IBISWorld
