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, over 6,600 of which are in Silicon Valley.
Almost each and every company -no matter which industry they’re originally in- depends on technology companies in one way or another. It might be hardware, software, online services/tools, cybersecurity solutions…
And my friends, this means money.
For this article, I went through Forbes The Global 2000, the annual ranking of public companies based upon 4 metrics (sales, assets, profits, and market value).
Before we start, here is a fun fact about how old the tech companies on the list are:
Apple: 47 (April 1, 1976)
Alphabet: 8 (October 2, 2015)
Microsoft: 48 (April 4, 1975)
Amazon: 29 (July 5, 1994)
Samsung Group: 85 (March 1, 1938)
Tencent Holding: 25 (November 11, 1998)
Meta Platforms: 19 (February, 2004)
Cisco Systems: 39 (December 10, 1984)
Oracle Corporation: 46 (June 16, 1977)
Broadcom: 62 (1961)
SAP: 51 (April 1, 1972)
Accenture: 34 (1989)
Salesforce: 24 (February, 1999)
Adobe: 41 (December, 1982)
Intuit: 40 (1983)
Capgemini: 56 (October 1, 1967)
VMware: 25 (1998)
Uber Technologies Inc.: 14 (March, 2009)
Shopify: 17 (2006)
Zoom Video Communications: 12 (2011)
Synopsys: 37 (1986)
Atlassian: 21 (2002)
Here are the biggest tech companies of 2023 👇
#1: Apple
Popular Products: iPhone, iPad, Apple Watch, AirPods, MacBook
Market Value: $2,640.32B
Employee Size: 164,000
Another tech giant on our list is Apple, which is not very surprising.
Specialized in electronics, software and online services, Apple’s annual revenue was $365.817B last year, in 2021.
The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. Since then, Apple has been producing various tech devices, from computers to wearables.
Apple was one of the most popular tech companies in the industry when I was a little kid, it still is, and it doesn’t seem like this will change in the near future.
#2: Alphabet Inc.
Popular Products: Android, Google, YouTube,
Market Value: $1,581.72B
Employee Size: 186,779
Alphabet is a multinational conglomerate company, with $257.637B 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.
#3: Microsoft
Popular Products: Microsoft, MS Office, Microsoft Teams, Visual Studio
Market Value: $2,054.37B
Employee Size: 221,000
Founded by Bill Gates and Paul Ellen in 1975, Microsoft is another tech giant rising from the United States.
It produces consumer electronics and computer software, as well as offers related solutions.
One of Microsoft’s best products, MS Office, has become an indispensable part of our lives. Spreadsheets, presentations, meeting notes… You are ready for any meeting, any time with Office tools.
#4: Amazon
Popular Products: Amazon Store, Amazon Prime, Amazon Web Services (AWS), Alexa, Twitch, Goodreads
Market Value: $1,468.4B
Employee Size: 1,608,000
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.
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 -a.k.a. best workplaces!
#5: Samsung Group
Popular Products: Phones, televisions, and other tech devices
Market Value: $367.26B
Employee Size: +320,000 (source)
Founded in 1969 in South Korea, Samsung Electronics operates through business divisions, as they manufacture and sell a wide range of electronics and software.
These are Consumer Electronics, IT & Mobile Communications, and Device Solutions.
Samsung Electronics does not only manufacture TVs, phones, and wearables; it also has smart home and digital health initiatives.
#6: Tencent Holdings
Popular Products: WeChat, PUBG Mobile, QQ, Riot Games
Market Value: $414.28B
Employee Size: 112,771
Tencent Holdings is a Chinese technology conglomerate company that was founded 23 years ago. It’s the first Asian tech company that crossed the $500B 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.
#7: Meta Platforms
Popular Products: Facebook, Instagram, WhatsApp, Messenger
Market Value: $499.86B
Employee Size: 83,553
Launched by Mark Zuckerberg in 2004 to connect Harvard students with one another, Facebook was an instant hit. In 2 years, it became open to public use. In 2010, more than 400 million people were using it monthly.
In 2021, Facebook Inc. changed its name to Meta Platforms to emphasize its orientation to the metaverse. Virtual/augmented reality is the future, and Meta claims to help people exist there.
In addition to their own products focusing on metaverse and web3, such as Meta Quest and Meta Portal, the company acquired many subsidiaries, including Novi Financial, Hot Studio, and WhatsApp.
#8: Cisco Systems
Popular Products: Cisco ONE, Cisco DNA, Cisco+
Market Value: $213.36B
Employee Size: 79,500
Born out of the difficulties of a husband and wife working at Stanford to communicate within the organization, Cisco Systems is almost 40 years old today.
Headquartered in San Jose, Silicon Valley, Cisco is an IT and networking company specializing in routers, switches, and cybersecurity.
The cybersecurity unit is the most valuable -and the fastest growing- part of the company. Last quarter, it grew its revenue by 14%, according to company data.
With Cisco SecureX; you can detect, respond, and quickly recover from cyber attacks. It’s an integrated platform that can be used across various products, which means you can secure your apps, users, endpoints, and network from a single platform.
#9: Oracle Corporation
Popular Products: Oracle Cloud, Java, MySQL, Oracle Linux
Market Value: $203.34B
Employee Size: 143,000
Oracle is an American computer software company. It was founded in 1977, in California, but the corporate headquarters are in Austin, Texas now.
They have more than 400,000 customers across the world, including FedEx, Xerox, and Siemens Healthineers, as they provide specific solutions for different industries.
You can manage your restaurant, modernize your finances, secure network infrastructure solutions, connect HR/product management/marketing, and increase client satisfaction.
Plus: Oracle holds developer events regularly. From machine learning to image recognition, specialists exchange ideas. You can check out old events’ recordings and register for the upcoming ones from here.
#10: Broadcom Inc.
Popular Products: Symantec Enterprise Cloud, Rally Software
Market Value: $239.64B
Employee Size: 20,000
Yeah, software companies are worth the whole world, and hardware companies can be worth a lot too. But companies who provide both? They’re totally different gems 💎
Broadcom has a diverse product portfolio, including both semiconductor and infrastructure software solutions.
With their innovative vision and collaboration, they achieved excellence more than once.
Introduced the first commercially available LED dot matrix display.
Produced the first cable modem that enabled cable TV providers to offer Internet connectivity.
Delivered the first high-speed digital optocouplers for use in hybrid and electric vehicles.
Introduced embedded fiber-optic solutions for IBM.
Introduced the first 5G radio switch.
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