Top 20 Largest Global Tech Companies 2023 by Brand Value
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|Apple still holds the top position with a brand value of $ 950 billion|
What is a Technology Company?
The businesses in the technology sector engage in the development, production, and research of products and services with a technological foundation. For instance, they develop and produce computers, mobile devices, software, home appliances, robots, and IT-related goods and services. Therefore, it is undeniable that tech companies are essential to modern life.
You are a technology company if you are in the business of selling technology, according to Simple co-founder Alex Payne. This means that you are a technology company if your product—the thing you sell to earn money—consists of applied scientific knowledge that addresses real-world issues and facilitates other endeavors.
Or to put it another way, a technology company is a particular kind of business entity that primarily focuses on creating and manufacturing technological products or offering technological services. In today's context, "technology" primarily refers to technology with an electronic foundation. This includes a wide range of companies in numerous industries, such as those engaged in digital electronics, software, and internet-related services like e-commerce.
Do you know what the "Big Five" are? This phrase describes a group of five multinational technology companies with American headquarters: Apple Inc., Alphabet Inc., Facebook Inc., Microsoft Corp., and Amazon.com Inc. These five major tech companies are effective as information and e-commerce websites. The Big Five comprised more than 40% of the value of the Nasdaq 100 index in 2017 and had a combined market value of more than $3.3 trillion.
There are many more startups and emerging technology companies besides the Top 5. These businesses are forming technology parks in close proximity to one another in a variety of industries around the world, including Silicon Valley in San Francisco, Silicon Pier in Dublin, Silicon Hill in Austin, and Technology City in London, among others.
Top 20: Mostly US Tech Companies
According to Statista statistics, in 2022, among the top 20 technology companies in the world by brand value, Apple still holds the top position with a brand value of $ 950 billion. Google ranks second with a brand value of $767 billion and Microsoft is third with $611 billion in brand value.
In 2021, Apple is also the technology company with the largest brand value globally when nearly doubling compared to 2020. In the last three years, Apple achieved a record high revenue of 275 billion USD in 2020. Today, most of Apple's revenue comes from selling iPhones. In addition, the company also increased revenue through services, wearables, smarthome and accessories.
In addition to Apple, other leading technology companies have also recorded significant revenue growth in recent years. 5 US technology "giant" including: Google, Amazon, Facebook, Apple and Microsoft (GAFAM), have the number of users in the billions, with a market value of more than 4 trillion USD.
Top 20 Biggest Tech Companies In The World Today
|Top 20 Biggest Tech Companies In The World|
Ronald Wayne, Steve Wozniak, and Steve Jobs established Apple Inc. in 1976. The headquarters of this American multinational technology corporation, which sells and creates computer software as well as online services, are in Cupertino, California.
One of the technology behemoths that attracts users' interest the most is Apple. The way Apple runs its business and its leadership style has developed a cultural trend that many contemporary technology companies imitate over time, making it more than just a company or corporation.
An American multinational technology corporation with its headquarters in Mountain View, California, is owned by Alphabet Inc. Because of Google's 2015 restructuring, you might not be aware that Alphabet Inc. is the parent company of the search engine. With its enormous revenue, Alphabet is the third-largest technology company in the world and one of the most valuable.
Microsoft, an American company with its headquarters in Washington, was established in 1975 by Bill Gates and Paul Allen. The company specializes in the creation, production, and sale of software copyrights as well as the support of a broad range of computer-related goods and services. Microsoft is the world's largest software developer in terms of revenue. In addition, it has a reputation for being one of the most valuable corporations in the world.
Microsoft was initially established to create the BASIC interpreter software for the Altair 8800. In the middle of the 1980s, Microsoft attempted to dominate the home computer operating system market with MS-DOS. After the company's stock was released, its price rose quickly, making 4 billionaires and 12,000 millionaires from the company.
Even those who are not tech savvy like Meta Platforms, Inc. Facebook, Messenger, Facebook Watch, and Meta Portal are among the products and services offered by Meta. Additionally, it owns a 9.99% stake in Jio Platforms and has acquired Oculus, Giphy, Map Mao, Kustomer, Presize, and Oculus. Advertising sales accounted for 97.5% of the company's revenue in 2021.
International Business Machines, or IBM, is a global corporation that was established in New York, USA, in 1911. IBM is a contractor that specializes in developing and marketing server services, infrastructure, mainframe consulting, and software and hardware for computers.
IBM is the largest information technology company in the world, employing more than 350,000 people worldwide, including engineers and consultants. Five Nobel Prizes, five Turing Prizes (the Nobel Prize for Information Technology), and five prestigious national technology medals have all been awarded to IBM employees.
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