Top 10 Biggest Technology Companies in the World (2023)

Top 10 Biggest Technology Companies in the World:  According to statistics, the technology industry makes up 35% of the total market. And it’s steadily growing: the growth rate was 5.3% for 2022. There are more than 500 thousand tech companies alone in the United States

Technology companies have become a dominant driver in recent years of economic growth, consumer tastes, and the financial markets. The biggest tech stocks as a group, for example, have dramatically outpaced the broader market in the past decade. That’s because technology has reshaped how people communicate, consume information, shop, socialize, and work.

Broadly speaking, companies in the technology sector engage in the research, development, and manufacture of technologically based goods and services. They create, design, and manufacture computers, mobile devices, and home appliances and provide products and services related to information technology.

Below we look at the top 10 biggest technology companies in the World(2023)

Top 10 Biggest Technology Companies in the World (2023)

1. Amazon

Amazon, one of the most valuable companies in the world, was founded in 1994 by Jeff Bezos.

Initially an online marketplace, the company started to produce its own technological devices and offer cloud services over time.

Amazon has earned a reputation as a disruptor of well-established industries through technological innovation and “aggressive” reinvestment of profits into capital expenditures. As of 2023, it is the world’s largest online retailer and marketplace, smart speaker provider, cloud computing service through AWS, live-streaming service through Twitch, and Internet company as measured by revenue and market share.

In 2021, it surpassed Walmart as the world’s largest retailer outside of China, driven in large part by its paid subscription plan, Amazon Prime, which has over 200 million subscribers worldwide.

As well as ranking as the world’s 6th largest company in Forbes’ list, it’s listed among the top 25 tech and IT companies to work for.

2. Apple

Apple’s products are some of the most recognizable globally. Sales from their range of iPhones, MacBooks, and other gadgets are the tech giant’s highest revenue stream, but online services such as the App Store and iTunes Store are also very profitable. The IT company also constantly ventures into new branches and technology fields, always targeting the high-end segments of each market.

Not only does Apple belong to the largest tech companies, the Apple brand is also among the most valuable ones in the world. Apple is therefore consistently making headlines on the stock market. And outside of the stock market itself, the company is a mainstay in stock CFD trading alongside other tech giants like Alphabet, Inc., and Microsoft.

3. Samsung Electronics

Samsung Electronics competes with Apple and other major tech companies worldwide in key product areas. It’s engaged in a broad range of industries, including consumer electronics, information technology, and communications.

The South Korean company sells mobile phones, tablets, wearable devices, virtual reality products, TVs and home theaters, computers, printers, home appliances, and more. However, Samsung is best known for its popular line of Galaxy smartphones.

4. Foxconn

Foxconn may not have the same name-brand recognition as the tech companies like Apple or Samsung, but the Taiwanese company is actually the biggest provider of electronics manufacturing services in the world.

Popular products like the iPhone, Kindle, and PlayStation are all manufactured by Foxconn plants. In fact, most of the tech and IT companies in this very ranking are customers of Foxconn.

So while the company may not come up with its own products, as long as companies like Apple and Sony are selling its products, Foxconn’s business will remain steady as well.

5. Alphabet Inc.

Alphabet is a multinational conglomerate company, with $257.637B in annual revenue for 2021. 

After the restructuring Google went through in 2015, Alphabet Inc. was founded, and it became the parent company of Google businesses. 

The company also invests in various start-ups and companies of different sizes in the tech industry: smart home projects, self-driving cars, cloud-gaming systems, and more.

Alphabet Inc. is one of the most sought-after stocks by investors, as the IT company and tech titan continues to develop innovative technology in various branches.

6. Microsoft

Microsoft is the largest software company in the world known for its franchises of Windows and Office installed in nearly a billion computers worldwide. Even non-Windows computers use the suite of Office products which includes Microsoft Word and Microsoft PowerPoint.

It’s a clear display of dominance owed to years of experience in developing products that consumers need and depend on day to day. But Microsoft these days is more than just a software company.

It is a tech company with a wide and growing portfolio, having established itself within the consumer electronics industry (including the video game industry) as well as cloud computing.

7. Tencent Holdings

Revenue: $83.64 billion

Founded: 1998
Headquarters: Shenzhen, China

Main technology products/services:  e-commerce, mobile games, internet services, payment systems

Tencent Holdings is a Chinese technology conglomerate company that was founded 23 years ago. It’s the first Asian tech company that crossed the $500 billion mark.

Among its services, there are web portals, e-commerce platforms, payment systems, social networks, and mobile games.

The holding group also owns Tencent Music and Tencent Games, the largest company in the video game industry.

Tencent’s most popular communication tool WeChat has over 1.2 billion monthly active users. And its sibling app, QQ, has 564 million monthly active users.

The company also provides marketing solutions and cloud services. ”Tencent is dedicated to being a digital assistant,” they say. Through their digital services and technologies, they aim to help every industry.

8. Dell Technologies

Dell designs make and sells hardware, information technology products, and services worldwide. The company offers desktop and laptop computers, traditional and next-generation storage solutions, and networking products.

Dell also sells a cloud-native platform and cloud management solutions. Dell’s best-known products are its personal computers.

9. Hitachi

Automotive parts, construction machinery, digital media, and telecommunications – Hitachi provides technology services for a vast number of different industries.

The tradition-rich over 100 years old Japanese company today is one of the top earning IT companies in the world and the largest one without any meaningful market share in the consumer electronics market.

While this may damage the tech company’s overall brand recognition, Hitachi is very much known and valued in the corporate world. Their IT strategies are focused on corporate settings, with advanced technology like cloud solutions and big data analytics.

With the scope of Hitachi’s business, it’s not surprising that it is among the ten biggest technology companies on the planet.

10. Sony

Sony is another Japanese tech conglomerate with global recognition. Sony belongs to the leading manufacturers of consumer electronics, with leading market shares in various product types, including the company’s very successful involvement in the video game market.

But recently the IT company has also ventured into many other industries with immense future growth potential, most notably the health technology and biotechnology sectors.

SUMMARY( Top 10 Biggest Technology Companies in the World)

Below is a summary of the top 10 Biggest Technology companies in the world(2023)

1. Amazon
2. Apple
3. Samsung Electronics
4. Foxconn
5. Alphabeth Inc.
6. Microsoft
7. Tencent Holdings
8. Dell Technology
9. Hitachi
10. Sony

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