Today, technology is one of the most powerful, influential, and money-making industry. It is not only shaping the global economy, bringing changes, and developing trends but in a way it has seeped into our way of living. Unless you have been living under a rock you should have heard at least 4 companies from the list. Our list includes companies from different fields, like software, hardware, social media, e-commerce, and telecommunications. This listing is based on the market capitalization of these giants that rule the world. This list is relevant as of August 2020.
No surprise here! Apple is the most famous company in the tech sector, which has about $1.90 trillion net worth. It is also the world’s most profitable and valuable digital company with annual revenue of $260.2 billion.
Apple has millions of loyal fans worldwide. The company was established on 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs. Initially, they started with producing home computers and proprietary models of PC, but soon became a household name after the introduction of iPhone smartphones and iPad tablets. The range of Apple products includes smartphones, laptops, smartwatches, computers, tablets, and many more. With 109 acquisition under its belt, they have acquired BEATS Electronics, NeXT Inc., Primesense, to name a few.
This internationally famous corporation was founded in 1975 by Bill Gates and Paul Allen. It has a market capitalization of over $1.60 trillion. They created Windows OS for desktop computers and smartphones to make user experience easy, friendly, and intuitive. Since then, they have diversified its services and expanded its markets to productivity applications, management and development tools, business solution apps, games and are focusing on innovative technologies, such as machine learning, artificial intelligence, and cloud computing. Microsoft still remains a leader in the operating systems market. Microsoft has 225 acquisitions such as Skype, LinkedIn, GitHub, under its wings.
3. Amazon Inc.
Amazon is more of an e-commerce company than a tech company. But it has a computing division that brings about 15% of revenue annually. The main product of the company is the online shopping service via dropshipping. You have probably heard about the cloud computing platform called Amazon Web Services that helps start-ups, enterprises, government, and academic institutions to create any type of business online by providing them with database management, compute, storage, and other tech services. Amazon is one of the leaders of cloud service providers and AI-based personal assistants. Alexa is their most popular product which has already made its way to our daily life.
4. Alphabet Inc.
Almost all internet users must have heard about Google at least once. On August 10, 2015, the internationally famous Internet giant changed its official name to Alphabet Inc. Alphabet Inc, Google’s parent company, hit the $1 trillion market value earlier this year. Alphabet provides the popular web-based services, like online search, cloud storage, video sharing, entertainment and online mapping and navigation. Besides, the conglomerate owns a lot of popular subsidiaries like Android OS, YouTube, and Motorola.
Facebook is today’s most popular social media networking giant. It is next in line to hit the $1 trillion mark. Despite being embroiled in privacy scandals it is still one of the fastest-growing businesses with market value of $800 billion. Facebook is currently used by more than 2 billion people every day. Facebook Inc. owns a lot of other popular media like Instagram, Messenger, WhatsApp, and Oculus VR. You would hardly come across people who have not used Instagram, Messenger, WhatsApp, or Facebook at one point in their life.
Alibaba group is a china based giant specializing in e-commerce, retail, Internet, and technology. Alibaba is one of the largest virtual trading platforms in China and in the world, attracting the attention of buyers for its affordable prices and a wide range of products. The company provides ,consumer-to-consumer (C2C), ,business-to-consumer (B2C), and ,business-to-business (B2B) sales services via its web portals. It also focuses on AI technology, FinTech development, electronic payment platform, cloud computing services, and an advanced search system for its customers.
Samsung is globally known as a consumer electronics producer, even though it has huge involvement in various industries: from shipbuilding and aircraft engineering to life insurance. The company has three technological divisions namely Consumer Electronics, Information Technology & Mobile Communications, and Device Solutions. Samsung is Apple’s biggest competitor on the smartphone market with its Galaxy series and tablets. A great part of Samsung’s revenue (about 40%) is smartphone-related.
Tencent Holdings, a Chinese giant with a market cap of $682 billion is a venture company, a conglomerate, an investment holding. They have huge investments in League of Legends, Arena of Valor, PUBG, Fortnite, Discord, Kakao, supercell, platinum games to name a few.
They also hold Chinese rights to several popular franchises like Star Wars and James Bond franchise. Its products include e-commerce platforms, search engines, social networking, web portals, AI, payment systems, Internet services, mobile and multiplayer games, smartphones, which are among the most successful in their categories. They have also invested in music and entertainment fields.
9. TSMC: Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company is a circuit manufacturer and the world’s largest semiconductor establishment. Its products are used in manufacturing consumer electronics, computer, communication, automotive, and industrial equipment industries. It is one of the first companies dedicated to semiconductor production. Among the company’s clients are Apple, Advanced Micro Devices, Broadcom, NVidia, Qualcomm, Intel, STMicroelectronics, and Texas Instruments. TSMC has subsidiaries all over the world.
NVIDIA, the inventor of the GPU, provides the fastest GPUs which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more. Nvidia is well-known in gaming, professional design, video editing, creative applications, AI computing system for self-driving vehicles, data centers, semiconductors, consumer electronics, and computer hardware. The Nvidia’s Tegra Processor division develops chips incorporating GPUs and multi-core CPUs for autonomous robots, drones, AI, cryptocurrency mining, medical instruments, and self-driving cars.