Technologies are changing the outlook of the world and our everyday lives. It’s impossible to imagine life without it. And we all got more dependent on tech as the pandemic hit. This could be one of the reasons that despite the COVID-19 pandemic, tech companies managed to ride out the storm. The consolidated market capitalization of the top five tech firms exceeds $7 trillion. Let’s have a closer look at the top five largest tech companies in the world.
What Are The Top Tech Companies?
Big Tech also known as Tech Giants is the name of the five largest and most successful companies in the information technology industry. Currently, the top 5 tech companies are Alphabet (Google), Amazon, Apple, Meta (Facebook), and Microsoft. These Tech Giants govern the technology of e-commerce, online advertising, consumer electronics, cloud computing, computer software, media streaming, artificial intelligence, smart home, self-driving cars, and social networking. They are among the most valuable tech companies in the world with a market value of $1trillion to $3 trillion each.
What is The Market Value of Tech Giants?
- A. $7 trillion
- B. $7.5 billion
- C. $4.6 million
- D. $26.2 billion
Google is a well-known name recognized by technical as well as non-technical people. We use Google all the time, such as Gmail to check our mails, Google Docs to write, Google Maps to check routes, and YouTube to watch any videos. We even use it on our mobiles via the mobile operating systems (Android), and even for storage through Google Drive. In the cloud computing market, Google holds third place after Amazon and Microsoft. On September 4, 1988, Google was established by Larry Page and Sergey Brin during their Ph.D. at Stanford University in California.
Alphabet Inc.—Google’s parent company—was formed on October 2, 2015. It has become a global leader in Artificial Intelligence and Machine Learning, autonomous vehicles, and quantum computing. Waymo, the self-driving car is regarded as a leader in autonomous vehicle technology. Google is the leader in quantum computing, with its Sycamore processor and is claimed as quantum supremacy 2019.
Amazon was established by Jeff Bezos in July 1994. Initially intended only to be an online bookstore, it went beyond that though. Initially selling books in 50 states across America, they slowly moved on to selling music and videos in 1998 and then consumer electronics, software, video games, domestic products, toys, and games in 1999. The company’s revenue increased from $15.7 million to $610 million in 1998
Amazon not only deals with e-commerce but also established a hold on cloud computing, Artificial Intelligence, and online streaming. Amazon Web services were launched in 2002. Amazon also launched Elastic Compute Cloud (EC2) and Simple Storage Services (S3) in 2006.
Apple phones have become a status symbol in many countries because of their quality. It is well-known for its high technology and dominating design such as iPhone, iPad, Mac personal computer, Apple Watch smartwatch, and Airpods. It creates both software and hardware. The macOS and iOS are operating systems for Mac computers and iPhones which are popular for their design and their function. There are other Apple services like iTunes Store, Apples Music, Apple TV+, iOS App Store, iCloud, etc. Apple I, was the first product launched on July 1st, 1976.
Steve Jobs, Steve Wozniak, and Ronald Wayne founded Apple in April 1976. The company was officially announced in January 1977 and was listed in 1980 and sold 4.6 million shares at $22 per share. Apple is the world’s largest technology company with $378.7 billion in profits in 2022.
Meta platforms is the parent company of Facebook, Instagram, and WhatApp. It is one of the most valuable tech companies in the world. Meta products serve Facebook, Messenger, Facebook Watch, and Facebook Portal. It also has Oculus, Giphy, Mapillary, Kustomer, Precise and a share of 9.99% in Jio Platforms. On October 28, it was rebranded as Meta.
Mark Zuckerberg was the founder, chairman, and CEO of Facebook and a shareholder of the Meta platform
On April 4, 1975 Bill Gates and Paul Allen founded Microsoft. Bill Gates was the CEO of Microsoft. The name of the company is derived from micro-computer systems. In 1985, an extension of MS-DOC called Microsoft Windows emerged, which was followed by the Microsoft Office suite in 1990 that had Microsoft Word and Microsoft Excel. Later in 2008, with Azure Services Platform they progressed in the cloud computing market.
- Skype technologies in 2011
- Nokia phones
- They purchased LinkedIn for $26.2 billion in 2016
- Github for $7.5 billion in 2018
these Tech Gaints are top 5 tech companies of all time, though there were many fluctuations during the pandemic, companies are still holding their places in both popularity and profits.