Towards 2023, the World’s top 10 IT companies or largest IT companies experienced a slight dip in general revenue. The top IT companies in the world spend more than $5,000 billion annually, according to industry reports. In terms of IT services, IoT, cloud computing, cyber attacks, online security, Artificial Intelligence (AI), etc. are the best services offered to clients.
According to the latest International Data Corporation report, revenue for the artificial intelligence (AI) market in 2021 is expected to grow 15.2% year over year, which includes software, hardware, and services. Additionally, the researcher predicted that the forecast would accelerate with an 18.8% growth rate in 2022 and break the $500 billion mark by 2024.
However, despite the IT industry’s better performance during the pandemic than most other sectors, it faced a serious drop in spending patterns and the delay of major investments.
After getting a sense of the global IT industry, there is a very salient question that needs to be addressed. Which are the best IT companies today?
What are the top 10 IT companies in the world in your mind? Let’s take a look at our list below.
The future of business is being shaped by technology, and you need to build relationships with international tech brands.
If you could find the top IT companies in the world without constantly searching the web, you would be able to save a lot of time. Or even better, what if you could connect directly from this report?
By doing the hard work and number crunching, we have created the most comprehensive list of the top 10 IT companies in the world in 2023 that you can directly associate with.
In today’s market, information technology (IT) continues to be well regarded as an important driving force, as some of the top 10 largest IT companies in the world are among the best suppliers of information technology services that power a wide range of industries and sectors. In recent years, information technology (IT) has significantly changed our everyday lives and the way we do business.
International IT is forecast to grow further with the development of new technologies and inventions, like IoT, large statistics, artificial intelligence, cloud solutions, blockchain technology, etc., and Among the present top IT companies in the world for 2023, namely IBM, Microsoft, HP Enterprise, Oracle, etc., we expect them to maintain a leading position in the software industry and reach greater success in the not too distant future.
List of the Top 10 Largest IT Companies in the World
|1.||Microsoft||United States||$161 billion|
|2.||HP||United States||$63.49 billion|
|3.||IBM||United States||$57.35 billion|
|4.||Accenture||United States||$50.53 billion|
|5.||Oracle||United States||$40.47 billion|
|9.||Cognizant||United States||$18.65 billion|
- Founder: Bill Gates, Paul Allen
- CEO: Satya Nadella (Feb 2014)
- Founded In: 1975
- Revenue: $161 billion
- No. of Employees: 1,82,268
- Area Served: Worldwide
- Headquarters: Redmond, Washington, United States
Microsoft Corporation was founded by childhood friends Bill Gates and Paul Allen on April 4, 1975, in Albuquerque, New Mexico. Fortunately, their vision and skill resulted in today’s Microsoft due to their desire to use their computer programming skills to develop and sell BASIC interpreters for the Altair 8800.
As the largest IT services provider, Microsoft develops, manufactures, licenses, supports, and sells computer software, personal computers, and consumer electronics.
There are three main software products offered by Microsoft: Windows operating systems, Internet Explorer and Edge browsers, and Microsoft Office.
Microsoft, with Satya Nadella as its CEO, became the third U.S. public company to be valued at more than $1 trillion after Apple and Amazon, reaching the trillion-dollar market capitalization and becoming one of the world’s largest IT companies.
Xbox video game consoles and touchscreen PCs under Microsoft Surface are among Microsoft’s principal hardware products.
Through several acquisitions, the epoch-making multinational company has expanded its tentacles beyond the traditional operating system market.
- A $26.2 billion acquisition of LinkedIn in December 2016 was its largest acquisition.
- The second acquisition was Skype Technologies for $8.5 billion in May 2011.
According to the Fortune 500 ranking of the United States’ largest corporations by total revenue, Microsoft ranked No. 21 in 2020. Aside from Google, Apple, Amazon, and Facebook, it is considered one of the Big Five companies in the U.S. IT industry.
At the end of April 2022, Microsoft had a market capitalization of US $2.123 trillion and sold shares at over $283 per share.
Xbox Game Studios, LinkedIn, GitHub, and Skype Technologies are some of its major subsidiaries. It is a fact that Microsoft is one of the best IT companies in the world.
HP (Hewlett Packard Company)
- Founder: David Packard, Bill Hewlett,
- CEO: Enrique Lores
- Founded In: 1939
- Revenue: $63.49 billion
- No. of Employees: 51,000
- Area Served: Worldwide
- Headquarters: Palo Alto, California, United States
It’s hard to find a list of top IT companies without mentioning HP (Hewlett Packard Company). In 1939, Hewlett-Packard split off and founded HP. Antonio Neri is the current president and CEO of the company, which is headquartered in Palo Alto, California, USA.
When HP Inc split from HPE, HP Inc became responsible for PCs, printers, and enterprise products and services. Since then, HPE has grown to become one of the world’s largest IT service providers.
In addition to data storage and protection, HPE also provides IT financing, consulting, cloud services, IT infrastructure, software, and technology services. Due to HP’s solid performance in the marketplace, expect it to remain among the world’s top 10 IT companies even into the future.
Among the services offered by the cloud are machine learning, virtual machines, managed cloud environments, storage, data protection, and virtual machines. HPE Greenlake Cloud Services encompasses all of these services.
In the IT infrastructure sector, there are high-performance computing facilities, data storage, networks, information management systems, and network management systems. According to its name, HP Enterprise manufactures servers and networking equipment for the enterprise market.
HPE remains one of the most dominant cloud players despite tough competition from other cloud companies like Dell Technologies. As a result of HPE’s robust system, a number of software solutions, particularly those related to cloud computing, have become possible. Since HP has dominated the global IT market for so long, it can compete with the best companies in the world.
As a global leader in IT, expect it to keep its position in the near future. As of April 2022, HP shares sold for more than $36.45 per share and the company had a market capitalization of over US $38.39 billion.
- Founder: Charles Ranlett Flint
- CEO: Arvind Krishna ( April 2020)
- Founded In: 1911
- Revenue: $57.35 billion
- No. of Employees: 2,82,100
- Area Served: 177 Countries
- Headquarters: Armonk, New York, United States
With over 300 offices and 2,82,100 employees worldwide, IBM is the world’s largest IT service company. It was founded on the 16th of June 1911 in Armonk, New York, United States by financial capitalist Charles Ranlett Flint.
As of today, IBM generates revenue from five key areas: Cloud & Cognitive Software, Global Technology Services (GTS), Global Business Services (GBS), Global Financing, and Systems.
Throughout the world, its GTS division provides the best IT services for its customers. In addition to process outsourcing, these services also include the maintenance of client systems and infrastructure. Consulting services, project management solutions, and system integration are provided by the GBS division.
By April 2022, IBM shares were worth more than $122 billion and sold at over $135 per share. There are currently three major shareholders in the company: James M. Whitehurst has 148,608 shares, Arvind Krishna has 86,188 shares, and James J. Kavanaugh holds 77,514 shares.
As a result of their reliance on mainframes for security and efficient transaction processing, over 92 percent of the top 100 banks in the world need IBM’s services. Additionally, IBM offers blockchain solutions that can be used to create cryptocurrency exchanges.
Today, IBM is one of the top 10 largest IT companies in the world and has evolved into a major cloud computing hub.
- Founder: Clarence Delany
- CEO: Julie Sweet (Sep 2019)
- Founded In: 1989
- Revenue: $50.53 billion
- No. of Employees: 6,99,000
- Area Served: Worldwide
- Headquarters: Dublin, Ireland
Among the biggest IT companies in the world and one of the top software companies in the world, Accenture has proven to be a major player in the tech world.
The business and technology consulting division of Arthur Anderson, which had been known as Anderson Consulting until 1989, became Accenture plc. In 2001, all contractual ties between the two companies were severed.
In addition to providing IT services, consulting, digital marketing, operations solutions, business process outsourcing, and IT, electronic, and cloud services, Accenture is a well-recognized global professional service and management consultancy.
To facilitate its many operations and services, the American-Irish multinational company is divided into several units. A few of those units are:
- The Accenture Consulting group provides business consulting, management consulting, and technology consulting services.
- The Accenture Strategy unit is responsible for the company’s operations, technology, and business strategy services.
- It is the responsibility of Accenture Operations to manage business processes, IT services, and security for the company.
- Research and development, administration, and execution of software are the responsibilities of Accenture Technology’s operations unit.
One thing that makes this top IT company even more fascinating is its workforce. Aside from all the interesting things you now know about it, there is one more stunning fact – the number of people working there. In over 120 countries, Accenture employed approximately 6,99,000 people.
In addition to Unilever, the Royal Shakespeare Company, and Marriott as clients, this firm has a high level of credibility. A market capitalization of US $192.24 billion is projected for Accenture by April 2022, after its shares sold for over $303 each.
- Founder: Larry Ellison, Bob Miner, Ed Oates
- CEO: Safra A. Catz
- Founded In: 1977
- Revenue: $40.47 billion
- No. of Employees: 1,32,000
- Area Served: Worldwide
- Headquarters: Santa Clara, California, United States
One of the world’s top IT companies is Oracle, another multinational corporation. A relocation from Redwood Shores to Austin, Texas has resulted in the company’s current headquarters. This list of the 10 best IT companies in the world includes Oracle as one of the most advanced companies.
Safra A. Catz is the CEO of the company, which was founded 16th June 1977 in Santa Clara, California, United States by Larry Ellison, Bob Miner, and Ed Oates. As the brand represents, the company designs, manufactures, and markets database management systems, hardware products, and cloud-engineered products.
Fortune 500’s 2018 list of the nation’s largest corporations ranked Oracle 82nd in terms of revenue. Oracle University provides training on Oracle products, as well as consulting (technical and business expert services), hosting, and financing services.
As well as Customer Relationship Management software, Supply Chain Management software, Business Resource Planning software, and database development, Oracle designs and develops specialized tools.
By utilizing Oracle applications such as Oracle Retail Suite, a retail business owner stands to benefit in a number of ways, including warehouse management, merchandise management, invoice matching, price management, demand forecasting, and product financial planning, among others.
By April 2022, Oracle shares were valued at over US $199.47 billion with a price of $74.76 per share. In 2021, the IT services company and firm generated $40.47 billion in revenue. A total of 132,000 employees worked for the company in 2021.
- Founder: Dietmar Hopp, Hasso Plattner
- CEO: Christian Klein (Oct 2019)
- Founded In: 1972
- Revenue: $29.30 billion
- No. of Employees: 1,07,415
- Area Served: Worldwide
- Headquarters: Weinheim, Germany
According to the list, SAP is comfortably positioned sixth among the world’s top IT companies. SAP SE is one of the world’s most prominent companies in the field of business application software. Founded in 1972 by German software engineer Dietmar Hopp and his colleagues in Weinheim, Germany. Christian Klein is the CEO of the company, which has its headquarters in Walldorf, Baden-Wurttemberg, Germany.
As long as SAP keeps innovating as a good company pushing the boundaries of technology, it will maintain its position among the top 10 IT companies in the world.
A German company offers the best software applications for managing business activities and improving client relationships. Among the world’s largest IT companies, this is the third largest.
Moreover, the multinational software corporation specifies in a clear manner what industries it targets. These industries include financial services, consumer products, process industries, public services, and discrete industries.
Additionally, it has an inclusive product system that accommodates small, medium, and large companies. Every company, regardless of size, can benefit from SAP’s assistance. It is for this reason that 77% of all revenue transactions are processed through SAP systems around the world.
Enterprise Resource Planning (ERP) is the company’s signature software solution. Business processes are gathered, stored, managed, and analyzed using the ERP combined with a group of connected applications.
With over 425,000 customers in well over 180 countries, SAP IT company has grown significantly in recent years. In the Financial Year-2021, it had 102,400 employees in over 140 countries and revenues of €27.842 billion. The market capitalization of SAP SE was over US $124.55 Billion as of April 2022, with shares selling at over $96.44 each.
TCS (Tata Consultancy Services)
- Founder: Tata Sons, J. R. D. Tata
- CEO: Rajesh Gopinathan (Feb 2017)
- Founded In: 1968
- Revenue: $25.07 billion
- No. of Employees: 5,28,748
- Area Served: Worldwide
- Headquarters: Mumbai, India
One of the most important IT companies in India today is Tata Consultancy Services (TCS). In 1968, Rajesh Goinathan founded the company in Mumbai, Maharashtra, with its headquarters there.
It is a subsidiary of the Tata Group and operates in 46 countries. Among the world’s largest IT companies, TCS provides consulting, applications development, infrastructure support, and business process outsourcing services.
Providing consulting and IT services is the specialty of the Indian IT firm. It has 149 locations in 46 countries under its parent company, the Tata Group. As one of the world’s most valuable IT service brands, TCS is ranked among the top five. A couple of the company’s most impressive software products are TCS Mastercraft and TCS BaNCS.
Among the products offered by TCS Mastercraft are those that help optimize processes in digital transformation, software development, privacy, data quality, delivery, and application creation. Meanwhile, TCS BaNCS integrates various financial services software resources used by retail banks.
Consulting, analytics, insights, IoT, enterprise applications, automation, artificial intelligence, engineering and industrial services, cybersecurity, and cloud infrastructure are among the services TCS offers.
After surpassing the $100 billion dollar mark in 2018, TCS became the largest IT company in India (preceded by Reliance Industries). With over 592,195 employees in 46 countries, the company earned US$5.0 billion in net income in December 2022.
In April 2022, TCS shares had a market capitalization of over US $169.26 billion and sold at over $47.02 each
- Founder: Serge Kampf
- CEO: Aiman Ezzat (May 2020)
- Founded In: 1967
- Revenue: $19.09 billion
- No. of Employees: 300,000
- Headquarters: Paris, France
Over 325,000 employees work for this company in over 55 nations, making it one of the world’s largest IT, outsourcing, and professional services companies. On October 1, 1967, Serge Kampf founded Capgemini exclusively for data processing and enterprise management.
With very strategic and important acquisitions made after 1974, the French multinational company gradually rose through the ranks. When these companies were acquired, they were all major players in the IT industry, including CAP, Gemini Computers in New York, DASD Corporation in Wisconsin, USA, and Altran.
Professional services, consulting, outsourcing, technology, engineering, and other management services are some of the services offered by Capgemini, one of the world’s leading IT companies. With more than 325,000 employees in 55 countries, 125,000 of them are Indian, the French IT services company employs over 325,000 people worldwide.
By April 2022, Capgemini’s shares had a market capitalization of over $33.09 billion and were trading over $203.86 per share.
- Founder: Kumar Mahadeva, Francisco D’Souza
- CEO: Brian Humphries (Apr 2019)
- Founded In: 1994
- Revenue: $18.65 billion
- No. of Employees: 330,600
- Area Served: Worldwide
- Headquarters: Teaneck, New Jersey, United States
Founded in 1994 by Sri Lankan-American Kumar Mahadeva and his colleague Francisco D’Souza, Intel is today one of the world’s leading technology companies. The company’s headquarters are currently located in Teaneck, New Jersey. As the largest IT company in the world, the American multinational has a global reach. Digital products, consulting, information security, and digital IT services are all offered by the company.
Its business is divided into three main areas: Digital Business, Digital Operations, and Digital Systems and Technology.
Earlier this year, the company acquired California-based healthcare IT company TriZetto Corp for $2.7 billion. In addition to providing software solutions to improve member-patient experience, improve administrative efficiency, and increase revenue, Cognizant TriZetto Healthcare Products is now part of the company.
These top 10 IT companies provide services such as business intelligence, data warehousing, customer relationship management, supply chain management, enterprise resource planning, testing, and research and development outsourcing. Approximately 3,30,600 people worked for it as of 2022.
As of April 2022, Cognizant had a market capitalization of over US $43.45 billion and sold shares for over $82.84 each.
- Founder: N. R. Narayana Murthy, Nandan Nilekani
- CEO: Salil Parekh (Jan 2018)
- Founded In: 1981
- Revenue: US$13 billion
- No. of Employees: 2,76,319
- Area Served: Worldwide
- Headquarters: Bengaluru, India
Our list of the top IT companies in the world includes Infosys. One of the top 10 IT companies in India is Infosys.
Salil Parekh is the current CEO of the company, which was founded in July 1981 by N R Narayana Murthy and co. In terms of revenue figures for 2021, the company is the second-largest IT company in India and among the top 10 IT companies in the country.
In addition to providing software services for manufacturing, insurance, financial, and other institutions, it also provides maintenance and independent validation services.
One of Infosys’ products, Finacle, is a universal banking technology that has greatly influenced retail and corporate banking. With a net income of US$2.6 billion and assets worth approximately US$14 billion in 2021, the tech company had a net income of US$2.6 billion.
As of April 2022, Infosys shares had a market capitalization of over US$86.62 billion billion and were trading above $20.62 per share.
The IT industry is constantly searching for the next big thing to transform its business completely. With the right use of technology, the industry can be revolutionized, boosting revenue and growth. It may come as a surprise to you that the top IT companies in the world are also suppliers of IT services. But it makes sense when you think about it. If you want to build a successful IT company, you need to provide IT services to others. By offering IT services, these businesses are able to offer their clients the same level of quality services as the best IT companies in the world.
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