Technology firms today have emerged as a dominant driver of economic growth, consumer preferences, and financial markets. In general, companies in the technology sector get involved in the research, development, and manufacture of technologically based goods and services. For example, they design and manufacture computers, mobile devices, software, home appliances, robots, or products and services related to IT. Therefore, there is no denying that tech companies play a pivotal role in this modern life.
So how much do you understand about Technology Companies? Let’s discover a new horizon of technology with Rikkeisoft right now. Primarily, we are going to show you the top 20 biggest technology Companies in the world listed by Forbes in this article.
What is a Technology Company?
Alex Payne, Co-founder of Simple said “You are a technology company if you are in the business of selling technology. That is to say, if your product – the thing you make money by selling – consists of applied scientific knowledge that solves concrete problems and enables other endeavors, you are a technology company.”.
In other words, a technology company is defined as a type of business entity that focuses primarily on developing and manufacturing technology products or providing technology as a service. The word “Technology” in today’s context is primarily electronic-based technology. This includes many businesses in various areas, for example, businesses related to digital electronics, software, and internet-related services such as e-commerce services.
Have you ever known the term “Big Five”? This is a term that refers to 5 multinational tech firms whose headquarters are in the United States, including Apple Inc, Alphabet Inc., Facebook, Microsoft, and Amazon.com, Inc. These five big tech companies are powerful as online channels for e-commerce and information. In 2017, the Big Five had a total valuation of more than $3.3 trillion and accounted for more than 40% of the value of the Nasdaq 100 index.
Besides the Top 5, there are a lot more emerging technology companies and startups. These companies are near each other, forming technology parks in various sectors around the globe, such as Silicon Valley in San Francisco, Silicon Pier in Dublin, Silicon Hill in Austin, and Technology City in London, etc.
How To Start a Technology Company?
If a business has a perfect formula for success, there will be no bankruptcy. Different companies will have different beginnings and ways of maintaining businesses. However, to start a tech company, there are 7 steps you should keep in mind to minimize the risks to your business.
Step 1: Brainstorm your ideas
The first thing you must do is coming up with ideas about your company. Forming ideas in your mind will help you visualize the picture of your business more clearly. Besides, you should also analyze each idea’s feasibility and think deeply about what is impossible. Avoid having too many ideas because they may confuse you.
Step 2: Determine your products and their values
What product do you want people to remember your business? What makes them different compared to other similar kinds of products on the market? What value can it bring to the users? These are the 3 questions you need to answer in this step.
Step 3: Consider your competition
When starting a business, you have to accept confrontation with competitors. Since technology is an essential field, there are many big competitors in the market. As a result, you need to analyze what you can learn from them and improve what they do not have. If you can do it, your business is assured to thrive more soon.
Step 4: Raise awareness of business workflow
Each field will have a specific business process. Following the step-by-step process correctly will make it easier for you to run and manage your business later. If you start a company but know nothing about business, it is so challenging for the business to reap good results.
Step 5: Have a flexible plan
Business is not something that you can totally predict. There will be a lot of problems happening at any time with the business beyond your expectations. Planning is not enough, and you need to make it more flexible to respond to incidents promptly and effectively.
Step 6: Understand your industry
Once you understand your business, you can bring your business’s values to others. Besides, understanding your business will help you identify its strengths and weaknesses. From there, it will be easier for you to develop improvement strategies more effectively.
Step 7: Create the best team
Last but not least, human is the decisive factor in everything. A company that wants to gain stable development cannot miss a talented team. Owning good people will help the company reach success quickly.
Top 20 Biggest Tech Firms In The World in 2022
1. Apple Inc.
Apple Inc. was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. This American multinational technology corporation’s headquarter is in Cupertino, California, selling and developing computer software, and online services.
Apple is one of the technology giants that gains the users’ interests most. Not just a company or corporation, over the years, the way Apple operates and its leadership style has created a cultural trend that many modern technology companies follow.
2. Alphabet Inc.
Alphabet Inc. is a parent company of an American multinational technology corporation headquartered in Mountain View, California. You may not know that Alphabet Inc. is the parent company of Google through the Google restructuring in 2015. According to statistics, Alphabet is the world’s third-largest technology company and one of the world’s most valuable ones with its huge revenue.
3. Microsoft Corporation
Headquartered in Washington, America, Microsoft is founded by Bill Gates and Paul Allen in 1975; the corporation specializes in the developing, manufacturing, and selling of software copyrights and supporting a wide range of computer-related products and services. By revenue, Microsoft is the largest software creator in the world. Besides, it has been considered one of the most valuable companies in the world.
Initially, Microsoft was founded to develop the BASIC interpreter software for the Altair 8800, Microsoft strived to lead the home computer operating system market with MS-DOS in the mid-1980s. The company’s stock after its release went up in price rapidly, which has created 4 billionaires and 12,000 millionaires in the company.
4. Samsung Group
Founded by businessman Lee Byung Chul in 1938, Samsung is a Korean multinational corporation with headquarters located in Samsung Town, Seocho, Seoul. The Group owns many subsidiaries, a chain of sales systems, and representative offices around the world. This is one of the most expensive technology brands in the world.
Started as a small trading company, but after more than 3 decades of development, Samsung gradually diversified its industries, starting to participate in the electronics industry in the late 60s, building factories to close ships in the mid-1970s. Since the 1990s, Samsung has expanded its operations on a global scale, focusing on the high-tech and consumer electronics sectors.
5. Tencent Holdings Ltd.
The founder of Tencent is Ma Hoa Teng, the richest man in China with a total fortune of about 50 billion USD. Founded Tencent after leaving university, he has become the most interesting name in the global technology world today.
Tencent faced many struggles in its early days since it was often seen as a copycat of Western products. With constant efforts, Tencent has overcome prejudices and become one of the leading technologies.
6. Meta Platforms
Meta Platforms, Inc. is a popular corporation even with non-tech-savvy people. Meta’s products and services include Facebook, Messenger, Facebook Watch, and Meta Portal. It has also acquired Oculus, Giphy, Map Mao, Kustomer, Presize and has a 9.99% stake in Jio Platforms. In 2021, the company generated 97.5% of its revenue from advertising sales.
7. Intel Corporation
Intel Corporation was formed on July 18, 1968, in California, USA by chemists and physicists Gordon E. Moore and Robert Noyce. Intel manufactures products such as microprocessor chips for computers, motherboards, flash drives, network cards, and other computing devices. Intel is also the world’s largest semiconductor device manufacturer and is the inventor of the x86 generation of microprocessors that are found in personal computers.
In 2020, it has 110,600 employees in production and business departments globally. In 2005, Intel’s revenue reached more than 38 billion USD and ranked 50th in the world’s largest companies.
8. Taiwan Semiconductor Manufacturing Co.
Established in Taiwan in 1987, also known as Taiwan Semiconductor, TSME is the world’s largest semiconductor manufacturing corporation. Its headquarters are located in the Science and Technology Park, Hsinchu Industry in Hsinchu City, Taiwan.
As the first semiconductor manufacturing company, TSME has also long been a world leader in the field of semiconductor manufacturing. In addition to semiconductors, the company has also started investing in the lighting and solar energy industries.
Although TSMC offers a wide range of IC product lines (including high voltage, mixed-signal, analog, and MEMS), it is known for its logic chip product line with particular strengths in Advanced low-power processes such as 28 nm HPM with HKMG technology for high performance and mobile applications.
9. Cisco Systems Inc.
Cisco Systems Inc., Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two profound IT engineers at Stanford.
Cisco is an American multinational technology corporation which develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-tech products and services. Cisco specializes in specific technology markets, such as the Internet of Things (IoT), domain security, video conferencing, and power management with many products, including Webex, OpenDNS, etc.
Cisco is considered one of the largest tech firms all over the world when it ranked 63 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees.
IBM, short for International Business Machines, is a multinational computer technology corporation founded in 1911 in New York, USA. IBM is a contractor specializing in producing and selling computer hardware and software, infrastructure, server services, and consulting in areas ranging from mainframes to nanotechnology.
With more than 350,000 employees, IBM is the world’s largest information technology company with engineers and consultants in 170 countries. IBM employees have won 5 Nobel Prizes, 5 Turing Prizes – the Nobel Prize for Information Technology, and five prestigious national technology medals.
11. Oracle Corporation
Oracle is also an American multinational computer technology corporation. Its headquarters are in Austin, Texas. The company sells database technology and software, cloud-designed systems, and enterprise software products.
In 2019, Oracle was the second-largest software company by revenue and market capitalization as well. After that, the company also developed and built tools for developing databases and mid-level software systems, enterprise resource planning software, human resource management software, management software customer relationship, and supply chain management software.
12. Hon Hai Precision Industry Co.
Hon Hai Precision Industry Co., Ltd. is commonly known as Foxconn. It is a Taiwanese multinational electronics contract manufacturer headquartered in New Taipei City, Taiwan. In 2010, it was recognized as the world’s largest provider of electronic manufacturing services and the third-largest tech firm in the world by revenue. In particular, the company is the largest private employer in China and one of the largest worldwide.
13. Broadcom Limited
Broadcom Corporation is an American semiconductor chip company specializing in wireless and broadband networks. The company’s headquarters are established in Irvine, California. Broadcom was founded by Henry Samueli and Henry T. Nicholas III at the University of California, Los Angeles in 1991.
In 1995, the company moved from Westwood, Los Angeles to Irvine, California. In 1998, Broadcom was listed on the NASDAQ stock exchange. Currently, Broadcom is present in 15 countries with 11,750 employees worldwide.
In 2012, its total revenue reached $8.01 billion. In 2013, the company ranked 327th in the Fortune 500 ranking, up 17 places compared to 2012.
14. SAP AG
SAP Corporation (SAP AG) is the largest software company in Europe, with its headquarter in Walldorf, (Germany). Famous for resource planning software products such as mySAP ERP, mySAP Business Suite, and SAP NetWeaver.
15. SK Hynix Inc.
SK Hynix Inc. is a major Korean semiconductor company with headquarters in Seoul and branches in South America, Europe, the United States, China, Hong Kong, Singapore, and Taiwan. It is the world’s second-largest supplier of memory chips after Samsung Electronics. Besides, SK Hynix is also a supplier of DRAM and flash memory. Hynix memory is widely used in computers worldwide, including Apple’s MacBook Pro and Asus desktop computers.
16. Dell Technologies Inc.
The headquarter of Dell Technologies is in Round Rock, Texas.
Dell products include personal computers, servers, smartphones, televisions, computer software, computer and network security, and information security services. Dell was ranked 35th on Fortune’s list of the 500 largest US companies by revenue in 2018.
17. Accenture Plc
Accenture PLC is a management consulting firm specializing in strategic, consulting, digital, and technology services. Accenture was founded in Dublin in 2009. In 2016, the company reported $32.9 billion in revenue, with more than 394,000 employees and serving customers in more than 120 countries. Accenture’s current clients include 94 companies in the Fortune Global 100 and more than three-quarters of the Fortune Global 500.
18. Micron Technology Inc.
Micron Technology is one of the world’s biggest semiconductor companies and the only memory manufacturer based in the US. The company recently announced plans to invest $40 billion to produce advanced memory technology in multiple stages in the United States.
19. QUALCOMM Inc.
Like Miron, Qualcomm Incorporated is an international semiconductor company. This is the company that designs and markets wireless telecommunications products and services, headquartered in San Diego, California, USA, with 157 offices worldwide. In 2020, the company built its first R&D center in Vietnam and Southeast Asia to expand the production of 5G chipsets…
20. NVIDIA Corporation
NVIDIA is a multinational corporation that develops graphics processing units (GPUs), and chipset technology for workstations, personal computers, and mobile devices. The Santa Clara, California-based company became a major supplier of integrated circuits (ICS) such as graphics processing units (GPUs), graphics chipsets used in cards, delivered video game consoles, and personal computer motherboards.
Currently, we cannot deny the critical role of technology. Thanks to the invention and production of digital technology companies, human life has become much easier than before. Hopefully, this article helps you get more insights into big tech companies in the world. These top 20 technology companies will still be changing in the future, so let’s stay tuned with us for futural updates.
More From Blog
Top 15 Reputable IT Outsourcing Companies in Singapore
Singapore has always been one of the rising tigers of Southeast Asia. Considered the area’s “tech hotspot”, it has attracted many talents in the Information Technology Industry to come and work in a place lovingly called the “miniature Silicon Valley.” This is not without proof: 80% of the world’s top technology companies have a Singapore […]
20 Best IT Outsourcing Companies with Reviews 2023
On top of the challenge created by post-pandemic recession, geopolitical conflict, inflation and talent shortages, investment in IT is projected to growth steadily. According to Gartner, worldwide IT spending would reach $4.4 trillion in 2022. Over the year, IT outsourcing companies has experience sustained growth by constantly deliver more cost-efficient, high-quality and scalable solutions to […]
Everything About Offshore Development Center (ODC)
Recently, Offshore Development Center (ODC) is gradually becoming a popular choice for software development solutions thanks to its cost-effectiveness and excellent accessibility to technology professionals. When a business lacks the essential resources for technology projects or wants to save costs, ODC is an option worth considering. Especially in case the requirements, scope, and specifications of […]
What Does Outsourcing Mean in Business & How Does It Work?
Not every company nowadays has enough employees to take on tasks that are not their expertise. For example, when start-ups lack specialists in the IT department, it’s about time they looked for IT services for small business. Some require experts in Marketing, Finance, Business Development industry, etc. One of the most common solutions for tackling […]
Top 10 Trustworthy IT Outsourcing Companies in Vietnam
Choosing a Vietnam software company is one of the highlighted trends in many countries around the world. In the article today, we will show you the reason that you should cooperate with these outsourcing companies as well as reveal the top 10 most prestigious Vietnam IT companies so that you can consider the best partner […]
Ultimate Guide to Choose IT Services For Small Business
Start-up, small businesses, and solopreneurs are facing a tremendous amount of pressure not only from the competitive market but also from limited in-house talent resources. Technology solutions for businesses are constantly updated every year, and small business owners can gain an advantage if suitable IT solutions are applied. Here is all you need to know […]
Subscribe to Rikkeisoft's monthly newsletter
Get expert insights on digital transformation and event update straight to your inbox