As one of the major factors in the global economy today, information technology (IT) has been well recognised, as the leading IT companies provide some of the best services that power multiple companies and industries worldwide. Information technology (IT) has greatly changed our everyday lives and the way business is conducted over the last few decades, as have IT businesses.
The global IT industry is expected to grow further with the advancement of new technology and developments, such as IoT, big data , artificial intelligence, cloud services and blockchain, etc., and the current leading IT companies in the world for 2020, listed on this list by Microsoft , IBM, HP Enterprise and Oracle, etc., are also expected to remain at the top of the software list.
This industry fact sheet is intended to assist industry professionals, investors, and individuals in general who are interested in obtaining global IT industry insights, including:
- How high is the scale of the global demand for IT Companies?
- What are the factors driving the global growth of the IT market?
- Which companies will lead the IT sector and become leading IT companies ?
- What are the potential developments in the global IT market?
Here is the list of the leading IT companies:
Amazon Web Services (AWS) is an Amazon subsidiary that, on a metered pay-as-you-go basis, offers on-demand cloud computing platforms and APIs to individuals, enterprises, and governments. A number of basic abstract technological technology and distributed computing building blocks and tools are offered by these cloud computing web services. Amazon Elastic Computing Cloud (EC2) is one of these services, enabling users to have a virtual cluster of computers accessible all the time through the Internet at their disposal. The virtual machine version of AWS emulates most of the characteristics of a real device, including central hardware processing units (CPUs) and computing graphics processing units (GPUs); local / RAM memory; hard disc / SSD storage; operating system selection; Networking; and tools such as web servers, databases, and customer relationship management (CRM) for preloaded applications. The AWS programme is applied and operated by the Amazon subsidiary at. The AWS technology is introduced and managed by the Amazon subsidiary at server farms around the world. Fees are based on a combination of use, hardware, operating system, software, or networking features (known as a “Pay-as-you-go” model), selected usability, redundancy, protection, and service choices needed by the subscriber. Subscribers can pay for either a single AWS virtual computer, a dedicated physical machine, or clusters. As part of the subscription agreement, Amazon provides security for subscribers’ systems.
In several major regional areas, including six in North America, AWS works. Amazon offers protection for customers’ applications as part of the service arrangement. In several major regional areas, including six in North America, AWS works. As a means of accessing large-scale processing power more easily and cheaply than constructing an entire physical server farm, Amazon markets AWS to subscribers. Both services are paid based on use, but consumption is calculated in different ways by each provider. As of 2017, according to Synergy Group, AWS controls a commanding 34 percent of all clouds, while Microsoft, Google, and IBM have 11 percent, 8 percent, 6 percent, and the next three rivals.
Microsoft Corporation is an IT company, based in Redmond, Washington, United States. Computer software, consumer electronics, personal computers, and related services are made, manufactured, licenced, funded, and sold. The Xbox video game consoles and the Microsoft Surface range of touchscreen personal computers are its signature hardware devices.
It was the world’s biggest software maker by sales in 2016 (currently Alphabet / Google has more revenue). The word “Microsoft” is a portmanteau of “microcomputer applications. “In the 2020 Fortune 500 list of the largest U.S. firms by gross revenue, Microsoft listed No. 21.
In comparison to Amazon, Apple, Google, and Face, it is considered one of the Top Five technology businesses. It grew in the mid-1980s, followed by Microsoft Windows, to dominate the personal computer operating system market with MS-DOS. It has gradually diversified from the operating system market since the 1990s and has made a variety of corporate acquisitions, the largest being the acquisition of LinkedIn in December 2016 for $26.2 billion, followed by the acquisition of Skype Technology in May 2011 for $8.5 billion.
As of 2015, in the IBM PC compatible operating system market and office software suite market, Microsoft is market-dominant, while Android has lost the majority of the overall operating system market. The business also manufactures a broad variety of other applications for desktops, tablets, tabs, gadgets, and servers, including Internet search (with Bing), virtual reality (HoloLens), cloud networking (Azure), and web creation for the digital technology sector.
Apple Inc. is a Cupertino, California-based American multinational IT company that designs, produces and sells consumer electronics, computer applications, and internet services. Along with Amazon, Google, Microsoft and Facebook, it is considered one of the major tech industry firms.
In April 1976, Apple was formed to build and distribute Wozniak’s Apple I personal computer by Steve Jobs, Steve Wozniak, and Ronald Wayne, while Wayne sold back his share within 12 days. This IT company was found in January 1977 as Apple Computer, Inc., and sales of its machines, including the Apple II, grew exponentially.
Jobs and Wozniak had assembled a team of computer programmers within a few years and had a manufacturing line. In 1980, Apple went public to gain immediate financial prosperity. Apple also shipped new machines with ground-breaking graphical user interfaces over the past two years, such as the first Macintosh in 1984, and Apple’s publicity commercials for its products have gained universal critical acclaim.
The high cost of its items and small programme library, however, created problems, as did power struggles between managers. In 1985, Wozniak left Apple amicably and remained an honorary employee, while Jobs and others quit founding NeXT
The hardware devices of the company include the iPhone mobile, the iPad tablet computer, the Mac personal computer, the compact iPod video player, the smartwatch from Apple Watch, the streaming media player from Apple TV, the wireless earbuds from Air Pods and the smart speaker from Home Pod. Apple’s apps include the iTunes video player, the Safari web explorer, the Shazam audio identifier, the iLife and iWork creative and productivity suites, macros, iOS, pads, watches, and these operating systems, as well as technical applications such as Final Cut Pro, Logic Pro, and Xcode.
The iTunes Store, the iOS App Store, the Mac App Store, Apple Music, Apple TV+, iMessage, and iCloud are among its online services. The Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash and Apple Card are additional facilities given by Apple.
Established in Mountain View, California, Alphabet Inc. is an American multinational corporation. One of the best IT companies, Alphabet, was found on October 2, 2015 through a Google restructuring and became the parent company of Google and other Google subsidiaries.
Google’s two co-founders managed to work at Alphabet as controlling partners, board members, and staff. Alphabet is the fourth largest revenue-based technology corporation in the world and one of the most profitable firms in the world. The formation of Alphabet Inc. was motivated by a desire to “cleaner and more accountable” the core Google business while enabling group companies working in companies other than Internet services to have greater autonomy.
In December 2019, Page and Brin announced their resignation from their executive positions, with the position of CEO to be filled by Sundar Pichai, also Google’s CEO. Page and Brin remain Alphabet Inc’s co-founders, staff, board members, and controlling shareholders.
International Business Machines Corporation (IBM), headquartered in Armonk, New York, is an American multinational technology company. It was founded in Endicott, New York, in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed ‘International Business Machines’ in 1924.
In areas ranging from mainframe computers to nanotechnology, IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services. It is also a significant research organisation, holding the record for most U.S. patents generated by a company for 27 consecutive years as of 2020.
The floppy disc, hard disc drive, magnetic stripe card, relational database, SQL programming language, UPC barcode, and dynamic random-access memory (DRAM) are inventions by IBM. During the 1960s and 1970s, the IBM mainframe, exemplified by the System/360, was the dominant computing platform.
By concentrating on higher-value, more profitable markets, this great IT company has continuously shifted business operations. This includes spinning off Lexmark in 1991 from its printer and keyboard manufacturing division, the IBM Information Products Corporation; selling its personal products to Lenovo in 2005 and 2014, respectively.
Computer companies (ThinkPad / ThinkCentre) and server companies based on x86; and acquisitions of companies such as PwC Consulting (2002), SPSS (2009), The Weather Company (2016), and Red Hat (2019).
Nicknamed Big Blue, with over 352,600 employees as of 2019, IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world’s largest employers. At least 70% of IBM employees, known as “IBMers,” are based outside the United States, with India being the largest number. It is one of the best IT companies in the world.
Oracle Corporation is an American international information technology company based in Redwood Shores, California. The corporate sells database software and technology, cloud-based systems and enterprise software products — significantly its own brands of database management systems.
In 2019 Oracle was the second-largest software firm in terms of sales and capitalization. The business also designs and installs database creation tools and middle-tier software systems, enterprise resource planning (ERP) software, human capital management (HCM) software, consumer relationship management (CRM) software, and provide chain management (SCM) software.
In 2019, Accenture reported revenues of $43.2 billion and had 492,000 workers, a Fortune global 500 business serving customers in more than a hundred and twenty countries. In 2015, the corporate had roughly 1.5 hundred thousand employees in India, 48,000 within the USA, and 50,000 within the Philippines.
Accenture’s existing shoppers include 91 of the Fortune global 100 and over three quarters of the Fortune global 500. Julie Sweet was appointed by Accenture as their new CEO on 11 July 2019. On 1 September 2019, she accepted her position. Since 2009, it’s been integrated into Dublin, Ireland
Headquartered in Palo Alto, California, HP Inc. is an American IT company that manufactures personal computers, printers and related equipment as well as 3D printing solutions. The company was formed on 1 November 2015, renamed from the original Hewlett-Packard Company’s personal computer and printer divisions, and Hewlett Packard Enterprise became the company’s enterprise product and business services division. To transform Hewlett-Packard into HP Inc., this division was structured and split into a new publicly traded company, Hewlett Packard Enterprise. HP Inc. maintains Hewlett-Packard’s pre-2015 stock price history and its previous stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own HPE symbol. HP is part of the S&P 500 Index and is listed on the New York Stock Exchange. After the Chinese company Lenovo, it is the world’s second-largest personal computer vendor with unit sales as of July 2020.
SAP SE is a German multinational IT company that handles business processes and consumer relationships by making enterprise software.
The organisation is particularly known for its ERP software. Founded as a private partnership called Systemanalyse and Programmentwicklung in 1972, (lit. ‘System Analysis and Software Development’; SAP GbR), which became Systeme, Anwendungen and Produkte in der Datenverarbeitung (SAP GmbH) after a five-year transition period in 1981, SAP is the largest European (and non-American) and the world’s third largest listed software company in terms of revenue.
It further restructured itself as SAP AG in 2005. Its organisational structure has been that of a pan-European company Europaea (SE) since 7 July 2014; as such, its former German corporate identity is now a subsidiary, SAP Deutschland SE & Co. KG.
Tata Consultancy Services
The Indian multinational IT company and consulting services firm Tata Consultancy Services Limited (TCS) is headquartered in Mumbai, Maharashtra, India. It is a Tata Group subsidiary and operates in 46 countries across 149 locations.
By market capitalisation, TCS is the second largest Indian firm. Tata consulting services are now among the most valuable brands of IT services worldwide. In 2015, in the Forbes World Most Innovative Companies list, TCS was ranked 64th overall, making it both the highest-ranking IT services company and the top Indian company.
It is the largest supplier of IT services worldwide. It is ranked eleventh in the Fortune India 500 list as of 2018. TCS became the first Indian IT company to reach $100 billion in market capitalisation in April 2018 and the second Indian company ever to reach $100 billion (since Reliance Industries surpassed it in 2007) after its market capitalisation on the Bombay Stock Exchange stood at 6,79,332.81 crores ($102.6 billion). In 2016-2017, Tata Sons’ parent company owned 72.05 percent of TCS; TCS produced more than 70 percent of Tata Sons’ dividends.
Capgemini SE is a French multinational IT company offering consultancy, technology, professional and outsourcing services. It has its head office in Paris, France. In over 50 nations, Capgemini has over 270,000 workers, of which about 120,000 are in India.
Capgemini was founded in 1967 as an enterprise management and data processing firm by Serge Kampf. As the Société pour la Gestion de l’Entreprise et le Traitement de l’Information (Sogeti), the company was founded.
Sogeti purchased Gemini Computers Systems, a US corporation headquartered in New York, in 1974. In 1975, after two major acquisitions of CAP (Centre d’Analyse et de Programmation) and Gemini Computer Systems, and after the settlement of a dispute over the international usage of the name ‘CAP’ with the similarly-named CAP UK, Sogeti renamed itself CAP Gemini Sogeti. To operate as Cap Gemini, all operating companies worldwide were re-branded.
In 1996, several of its subsidiaries, including Erisco, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, were spun off by Dun & Bradstreet to create a new firm, Cognizant Corporation, based in Chennai, India.
Three months later, DBSS changed its name to Cognizant Technology Solutions in 1997. In July 1997, for $3.4 million, Dun & Bradstreet bought Satyam ‘s 24 percent interest in DBSS. Headquarters were transferred to the United States, and Kumar Mahadeva was appointed CEO in March 1998. The group, functioning as a subsidiary of the Cognizant Corporation, concentrated on projects and web creation related to Y2K.
Cognizant is an American multinational IT company offering IT services, including services such as digital, technology, consultancy, and operations. It has its headquarters in Teaneck, New Jersey, USA.
Cognizant is part of and trades under CTSH as part of the NASDAQ-100. It was founded in 1994 as a Dun & Bradstreet in-house technology unit, and began serving external customers in 1996. In 1998, there was an initial public offering following a series of corporate re-organisations. During the 2000s, Cognizant had a period of rapid growth and became a Fortune 500 business in 2011; it is at position 194 as of 2020.
Cognizant started as Dun & Bradstreet Satyam Software (DBSS), founded as the in-house technology unit of Dun & Bradstreet to execute large-scale IT projects for companies in Dun & Bradstreet. The firm began seeking customers outside Dun & Bradstreet in 1996.
Infosys Limited, which offers business consulting, information technology and outsourcing services, is an Indian multinational firm. The headquarters of the company are in Bangalore, Karnataka, India. After Tata Consulting Services (the largest Indian IT company), Infosys is the second largest Indian IT company by 2017 revenue estimates, and the 596th largest revenue-based public company in the world.
Its market capitalisation was $46.52 billion on 29 March 2019. The company’s credit rating is A- (rated by Standard & Poor’s). Infosys provides businesses in banking, insurance, manufacturing and other sectors with software creation, maintenance and independent validation services. One of its well-known products is Finacle, a universal banking solution with different retail and corporate banking modules.
Infosys was founded with an initial capital of $250 in 1981 by seven engineers in Pune, Maharashtra, India. It was registered on 2 July 1981 as Infosys Consultants Private Limited. It moved its office to Bangalore, Karnataka, India in 1983. The company changed its name in April 1992 to Infosys Technologies Private Limited and, when it became a public limited company in June. 1992, to Infosys Technologies Limited. It was later rebranded in June 2011 as Infosys Limited.