In the modern world, the technology industry is the most influential sector that is reshaping the global economy. It does this by establishing new trends and driving transformational changes across all business sectors. The concept of a world without technology is one that is exceedingly difficult to conceptualise.
We have compiled a list of the top 20 companies in the world, based on revenue, that are primarily associated with the technology industry. These companies are primarily involved in areas such as software, hardware, electronic manufacturing, artificial intelligence, semiconductors, internet and related services, and e-commerce.
10 of the World’s Largest Technology Companies, Ranked by Revenue
Many individuals have the preconceived notion that the majority of these significant technology companies are situated in the United States. On the other hand, as of late there has been a fantastic transformation in which a few Asian companies have also been featured in the top ten of the technology industry, giving their US counterparts a stiff battle.
The following is a list of the top 10 largest technology companies in the world as of the year 2022, according to our rankings:
10. Hitachi – $82.34 Billion
Hitachi, Ltd. is a Japanese global technology corporation that has corporate interests in the fields of information technology, artificial intelligence, the internet of things, and big data. The company was founded in 1875.
Namihei Odaira established Hitachi in 1910 with its headquarters in Tokyo. Hitachi first manufactured induction motors that were utilised in the copper mining industry.
9. Sony, With a Value of $84.89 Billion
The Sony Group Corporation, more commonly known to simply as Sony, is a consumer electronics multinational headquartered in Japan. It is the most successful video game console firm and publisher in the world, as well as one of the largest manufacturers of consumer electronics in the world.
Sony holds a dominant position in the market for image sensors, holding a share of 55 percent. In addition to being the second-biggest camera producer in the world, Sony is the world’s largest maker of image sensors. Sony TV is the market leader in the premium television category around the world.
In the category of television manufacture, Sony is ranked third in terms of annual revenue. In 1946, Masaru Ibuka opened a store that sold electronics. Ultimately, Akio Morita became one of the company’s co-founders, and together they established Tokyo Tsushin Kogyo, Ltd., which later became known as Sony.
8. Meta Platforms, With a Market Value of $85.96 Billion
California-based The parent business of the social media behemoth known as Facebook is called Meta Platforms Inc. Facebook is the most popular social networking site in the world. Mark Zuckerberg established Facebook in 2004. In recent years, Facebook has bought a number of other social media firms, including Instagram, WhatsApp, and Oculus, amongst others.
Since the company first opened its doors, sales for Meta Platforms Inc. reached an all-time high of $85.96 billion in the year 2021. It has 71,970 employees spread out around the world. Facebook has roughly 2.91 billion active users on a monthly basis as of the year 2022.
Recently, Facebook went through a rebranding process in order to emphasise its objectives in the metaverse.
7. Dell Technologies – $92.22 Billion
The personal computer sector is Dell technology’s primary area of expertise, and the company is headquartered in the United States. Servers, data storage devices, network switches, computer accessories, SmartTV, cameras, and printers are just some of the things that are available to purchase from Dell’s extensive catalogue of goods.
Michael Dell established Dell Technologies in 1984, and the company has since been well-known for the advances it has introduced in the fields of supply chain management and the direct sales e-commerce model.
6. Huawei – $129.18 Billion
This article is about the Chinese technology corporation Huawei Technologies, which is also a maker of consumer products and provides services to the telecommunications industry. The world’s largest telecommunications firms, including British Telecom, Motorola, Bell Canada, Vodafone, and others, purchase telecommunications equipment that is designed, developed, and sold by Huawei.
Private branch exchange (PBX) reselling was one of the first things that Huawei, which was established in 1987 by Ren Zhengfei, did in its early years of business.
A telecom powerhouse, Huawei currently produces mobile phones, fixed broadband networks, smart TVs, tablet PCs, dongles, smartwatches, and a variety of other electronic devices.
5. Microsoft, With a Total Value of $143.01 Billion
In the field of information technology, Microsoft holds the distinction of being both one of the most valuable brands and the world’s second-largest firm. The personal computer software industry is led by the company Microsoft, which was established in 1975 by Bill Gates and Paul Allen. Microsoft is currently the global leader in this sector.
The Microsoft Windows operating system was a big moneymaker for the corporation and was responsible for its meteoric rise to prominence.
Blockchain, machine learning, artificial intelligence, and cloud computing are some of the cutting-edge technologies that Satya Nadella, the current CEO of Microsoft, is putting the company’s primary attention on.
4. Foxconn – $181.94 Billion
Foxconn is a corporation that specialises in the contract production of electronic goods and has its headquarters in New Taipei City. In addition to being the largest private employer in China, Foxconn is also one of the greatest employers in the world, providing jobs for 1.29 million people in a variety of countries and regions.
Since its founding in 1974, Foxconn has become a supplier for virtually all major brands and a manufacturer of electronic devices that may be modified according to the specifications provided by the vendor.
iPad, iPhone, Kindle, Nintendo, BlackBerry, Google Pixel, Redmi phones, PlayStation, and other important electronic devices are only some of the things that the corporation manufactures.
3. Alphabet – $182.52 Billion
People who make use of the internet have most certainly come across the name Google at some point in their lives.
Alphabet Inc., headquartered in the United States and operating as an international business, is the parent company of Google LLC as well as a number of other businesses. As of the year 2022, the company Google Inc., which is headquartered in California, holds an unrivalled position as the market share leader in the search engine sector worldwide.
Alphabet invests in a variety of exciting and cutting-edge projects, such as self-driving cars, the research and development business Calico working on life extension, the smart home project Nest, etc. When Larry Page and Sergey Brin were still students at Stanford University in 1998, they established Google, which has since become one of the most reputable technology businesses in the world.
2. Samsung Electronics, With a Market Capitalization of $200.73 Billion
Samsung Electronics is a multinational electronics corporation with its headquarters in Seoul, South Korea. It is the largest mobile phone manufacturing firm in the world.
It is a large corporation that not only manufactures electronic goods such as batteries, IC chips, hard discs, image sensors, and cameras, but also ships, aircraft engines, turbines, and life insurance. Some of the products that it produces fall under the category of consumer electronics.
Apple Inc. faces its toughest competition from Samsung in the mobile phone market thanks to Samsung’s flagship brands, which include the Galaxy S, Z, and note Series, amongst others, and which represent forty percent of the company’s revenue.
1. Apple – $274.51 Billion
Apple Inc., an American technology firm headquartered in Cupertino, is the most successful brand in the world and the most profitable company in the world as of 2021, with revenue of $274.51 billion USD. In the year 1976, three gurus of technology named Steve Wozniak, Ronald Wayne, and Steve Jobs established the company that would later bear their names.
Apple began its business operations in the personal computer market, which it eventually left to focus on the mobile phone market, where it achieved enormous success and experienced exponential growth after first experiencing significant success.
Apple Inc., which initially focused on producing laptops and smartphones, has now expanded its product line to include a wide variety of items, such as smartwatches, iPod tablets, televisions, accessories, and so on.
Apple has a large fan following consisting of millions of consumers all over the world who congregate and stand in line for many hours outside of Apple stores in order to purchase the company’s products immediately after they are released. Apple is widely considered to be one of the most prestigious brands in the annals of business in the United States.