Since the top 10 IT companies are supplying some of the greatest services that are powering numerous industries and organizations globally, information technology (IT) has indeed been widely recognised as one of the key driving forces in the modern economy. Information technology (IT) has substantially changed our daily lives and how business is conducted over the past few decades. The global IT industry is anticipated to continue to grow with the development of technology and innovations, including IoT, big data, artificial intelligence, cloud services, blockchain, etc. The top 10 IT companies in the world for 2020, as listed on this list, are led by the technology companies Microsoft, IBM, HP Enterprise, and Oracle, among others are also anticipated to maintain their leadership in the software sector and have greater success in the coming future.
This industry information sheet is intended to help businesspeople, investors, and the general public who are interested in learning more about the global IT industry.
What is the size of the global IT market?
What are the key reasons fueling the expansion of the global IT market?
Who are the top ten IT firms on the planet?
What future developments may we expect in the global IT market?
BEST IT COMPANIES
Microsoft
With about $125.8 billion in revenue in 2019, Microsoft is one of the most valuable companies and the largest IT firm in the world. One of the biggest tech firms in the world, Microsoft Corporation was established by Bill Gates and Paul Allen in 1975 and has its headquarters in Redmond, Washington. It creates, produces, licenses, sells, and provides support for personal computers, consumer gadgets, and software. The Microsoft Windows family of operating systems, the Microsoft Office package, the Internet Explorer and Edge web browsers, and Xbox are some of its most well-known software offerings. Other consumer and business software for desktops and laptops is also produced by the corporation in large quantities.
IBM
International Business Machines, or IBM, is the largest IT firm in the world, employing over 400,000 people across more than 170 nations. Global Technology Services (GTS) and Global Business Services are the two primary IT solutions offered by IBM (GBS).
While GBS takes care of consultancy, application management services, and systems integration, GTS covers infrastructure support, product maintenance, and process outsourcing. IBM services are now used by about 97 percent of the world's banks, making it the leading host of internet transactions. IBM has also entered the cloud computing space, with its "IBM Cloud" platform serving as a top platform for businesses. The entire revenue for IBM in 2019 was $77.1 billion.
Oracle
The Redwood Shores, California, headquarters of the American multinational computer technology business Oracle Corporation. Oracle is largely focused on creating and marketing enterprise software, cloud-engineered solutions, database management systems, and database software and technology. After Microsoft, it is the second-largest software corporation in the world in terms of revenue.
Oracle has recently made significant investments in technologies related to AI, machine learning, IOT, the blockchain, and user interfaces. On this list of the top 10 IT companies in the world, Oracle is one of the most innovative.
Accenture
A multinational produces benefits and professional services company, Accenture offers services in strategy, consulting, digital, technology, and operations. It was incorporated in 2009 in Dublin, Ireland. Accenture has several business divisions: Accenture Consulting offers mobility services and analytics for digital marketing; Accenture Technology concentrates on research and development; Accenture Technology Labs for Newer Technologies; Accenture Strategy offers services for technology strategy, business strategy, and operation strategy.
Accenture is one of the top IT businesses with the finest benefits, employing more than 425,000 people to serve clients in more than 120 countries, and expects to be among the richest and best software companies in the world in 2020.
HP Business
One of the top technology companies in the world, Hewlett Packard Enterprise provides IT, technology, and enterprise products, solutions, and services. With its headquarters in Palo Alto, California, HP creates and distributes hardware parts, software, and related services to consumers, small- and medium-sized businesses (SMBs), and major corporations, as well as clients in the public sector, the healthcare industry, and the educational system. Additionally, HP Software offers software services like SAAS (software as a service), cloud computing, training, consulting, support, etc.
Due to its outstanding market performance, HP is anticipated to continue ranking among the top 10 IT businesses in the world well into the future.
SAP
A multinational software and IT company with its headquarters in Germany, SAP SAP SE focuses on offering enterprise solutions to track client relationships and corporate processes. With regional offices in 180 nations, SAP has its global headquarters in Walldorf, Germany. SAP, one of the largest technology businesses in the world, with over 335,000 clients in more than 180 nations. SAP is using cutting-edge technologies like machine learning, the Internet of Things, blockchain, cloud computing, and SAP HANA to address a variety of business issues in all sectors and geographical locations.
As long as they keep developing as a great company pushing the boundaries of technology, SAP will continue to make a strong argument for being one of the top 10 IT firms in the world.
TCS Tata Consultancy
With its headquarters in Mumbai, India, Tata Consultancy Services Limited (TCS) is a global Indian information technology (IT) service, consulting, and business solutions provider. It operates in 46 countries and is a Tata Group affiliate. One of the major providers of IT services, comprising consulting, software development, infrastructure support, and business process outsourcing, is TCS. TCS is one of the biggest IT firms in the world.
With the newest technology such as artificial intelligence, machine learning, the internet of things, cloud computing, and cyber security, TCS—one of the top 10 software companies in India—is growing swiftly.
Capgemini
A French multinational organization providing business consulting and IT services, Capgemini SE is based in Paris. With more than 200,000 people in 40 countries, it is one of the biggest global providers of professional services, outsourcing, and IT consulting. Capgemini develops and provides business, technological, and digital solutions that are tailored to the demands of its international clients, empowering them to become innovative and competitive.
Cognizant
An American global firm called Cognizant offers operations, digital, technology, consulting, and other IT services. Its main office is in Teaneck, New Jersey, in the US. Cognizant's core businesses include assisting banks in revolutionizing lending through risk assessment using predictive analytics by analyzing customer financial histories, using advanced analytics tools to assist banks in better predicting a customer's creditworthiness and taking various informed decisions to lend money to those who have lower credit risk, and it also assists qualified individuals and businesses in obtaining the desired financing. One of the top software firms in the USA, Cognizant is anticipated to hold its position as a leader going forward.
ITOS
Providing fully integrated HR and payroll solutions that encourage cooperation, connectivity, and communication throughout an organization, ITOS is an international business coalition of service providers.
Numerous global corporations have chosen them to handle their payroll and HR operations in 20+ countries. The oil, communication, raw material, real estate, energy, technology, finance, computer, and services sectors are among those in which ITOS has close client relationships.
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