Top 10 IT Companies In The World (Ranked By Market Cap) In 2024 (May 2024)

Top 10 IT Companies in The World | Largest IT Services

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by Amelia Scott — 5 years ago in Top 10 15 min. read
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Updated On 07 May 2024 

Glance at the world’s leading it companies by market capitalization, operating size, and other.

Top IT companies in the World mostly consist of the United States and Asia, contributing to the IT industry by almost one-third of global business.

Microsoft, Tencent, Alphabet Inc, AWS, Meta, Infosys, Broadcom, Oracle, and Adobe are among the top 10 IT companies in the world.

The world of Information Technologies is big and the ones who run it are curvature to next-gen innovation.

As 2023 is about to end and stepping into a new year, I have accumulated the World’s top 10 IT companies or top software development and IT companies in the world.

So if you ask, who are the top IT software companies in the world? Let’s check them all here.

As per industry reports, the top IT companies in the world are spending more than $4,454 billion. Things like IoT, cloud computing, cyber attacks, online security, Artificial Intelligence (AI), etc are the best IT services served to clients.

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In addition to AI, worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are estimated to grow 15.2% year over year in 2021 to $341.8 billion, according to the latest release of the International Data Corporation and further, the researcher also predicted that forecast to accelerate further in 2022 with 18.8% growth and remain on track to break the $500 billion mark by 2024.

Even though the IT industry did better than any other sector or industry during the pandemic, the qualms that befell it in terms of postponement of major investments and serious diminution in spending patterns could not be evaded.

Now that you would have an overview of the global IT industry, a very salient question pops up. Which are the best IT companies today?

Better still, what comes to your mind when you think of the top 10 IT companies in the world. Let’s take a look at our list below.

As technology continues to shape the future of the way people conduct business, it is now vital that you build relationships with international tech brands.

Imagine if you were able to determine the top IT companies in the world now without always scouring the web. Or better still, what if you can connect directly from this report?

We have done the hard work and number crunching to supply you with the most extensive collection of the greatest software firms yet so you can directly associate with the list of top 10 IT companies in the world in 2024.

Information technologies (IT) continue to be well recognized among the significant driving forces in today’s market today; since the top 10 largest IT companies in the world are a few of the very best information technology services suppliers that are powering a variety of sectors and companies worldwide. Within the last few years, information technology (IT) has considerably altered our everyday lives and how business is completed.

Together with the growth of new technology and inventions, for example, IoT, large statistics, artificial intelligence, cloud solutions along with blockchain, etc, the international IT sector is forecast to flourish further, and the present top IT companies in the world for 2023, identified this list headed by the technology firm IBM, Microsoft, HP Enterprise and Oracle, etc, will also be predicted to stay at top of their software business and reach greater achievement in the not too distant future.

Also read: Top 10 Internet Providers In The World

Global Industry Overview Of Top IT Companies

International IT Industry Review based on the most recent market reporter, Gartner says that the IT services segment – which consists of consulting and managed services – is expected to be the second-largest spending growth sector in 2023, breaking the figure of $1.3 trillion, up 7.9% from 2021.

Information technology (IT) is the combination of any computer’s storage, networking, and other physical devices, infrastructure, and processes to create, store, secure, and exchange all forms of electronic data.

World’s Largest Top IT companies create innovation, outsourcing, technology, and services in the world. Also provide professional services like consulting, digital marketing, operational solutions, business process outsourcing, it electronic and cloud services.

The growth of the information technology industry in the world has increased by 4.5-5% as per industry experts. Because of Covid-19, we can see how the next financial year will be for the world’s biggest IT companies across the globe.

The list of Top 10 It companies includes Microsoft, IBM, Oracle, Accenture, HPE, SAP & other big IT exploiters by revenue.

List Of The Top 10 IT Companies In World 2024

2024 Name Country Revenue
1. Microsoft United States 2.78 trillion USD
2. Alphabet Inc. United States 1.78 trillion USD
3. Amazon Web Services (AWS) United States 1.58 trillion USD
4. Meta United States 908 billion USD
5. Infosys India 529 billion USD
6. Broadcom United States 525 billion USD
7. Oracle United States 291.94 billion USD
8. Accenture Ireland 236.25 billion USD
9. SAP Germany 169.63 billion USD
10. IBM United States 148.05 billion USD

Important Note: The top 10 IT companies in the world are accumulated based on each company’s market capitalization.

Microsoft

top it companies

  • Founder: Bill Gates, Paul Allen
  • CEO: Satya Nadella (Feb 2014)
  • Founded In: 1975
  • Market capitalization worth: 2.78 trillion USD
  • No. of Employees: 221,000 (2023)
  • Area Served: Worldwide
  • Headquarters: Redmond, Washington, United States

At first, Microsoft leads the list of top tech companies globally with 2.78 trillion USD as its market value for this year.

Recognized as the top giant of the American technology company, Microsoft employs approximately 221,000 people in full-time positions worldwide.

Microsoft is a multinational IT services provider company that is into the development, manufacture, licensing, support, and sale of computer software, personal computers, and consumer electronics.

Very prominent among its software products are the Microsoft Windows class of operating systems, Internet Explorer and Edge web browsers, and the Microsoft Office Suite.

In April 2019, with its CEO Satya Nadella, Microsoft became the third U.S. public company to be valued at over $1 trillion after Apple and Amazon respectively, reaching the trillion-dollar market capitalization and Microsoft comes among the top IT companies in the world.

Microsoft’s principal hardware products include the Xbox video game consoles and the touchscreen PCs under the Microsoft Surface class.

The epoch-making multinational company has since the 90s spread its tentacles from the conventional operating system market by making several corporate acquisitions.

Its largest acquisition was LinkedIn for $26.2 billion in December 2016. The second was the acquisition of Skype Technologies for $8.5 billion in May 2011.

In 2020, Microsoft ranked No. 21 in the Fortune 500 rankings of United States’ largest corporations by total revenue. It is also considered alongside Google, Apple, Amazon, and Facebook as one of the Big Five companies in the U.S. IT industry.

Its major subsidiaries include Xbox Game Studios, LinkedIn, GitHub, and Skype Technologies. Microsoft is the largest IT service provider company in the world.

Alphabet Inc.

Alphabet Inc logo

  • Founder: Larry Page, Sergey Brin
  • CEO: Sundar Pichai (Dec 2019)
  • Founded In: 1998
  • Market capitalization worth: 1.78 trillion USD
  • No. of Employees: 182,381 (2023)
  • Area Served: Worldwide
  • Headquarters: Mountain View, California, United States

The parent company of Google defines the paramount way for the world to access information. Alphabet is the second top largest company in the world with 1.78 trillion USD market capitalization.

The company reckons its operations in various technological advancement fields such as Artificial Intelligence, Autonomous Cars, Biotechnology, Cloud Computing, Computer Hardware, Robotics, and whatnot.

Above all, Alphabet has allowed Google to invent things differently and scoop widely into domains beyond internet search and advertising to become a tech conglomerate.

Amazon Web Services (AWS)

Amazon Web Services

  • Founder: Jeff Bezos
  • CEO: Adam Selipsky (May 2021)
  • Founded In: 1994
  • Market capitalization worth: 1.58 trillion USD
  • No. of Employees: Not Disclosed
  • Area Served: Worldwide
  • Headquarters: Seattle, Washington, United States

On the verge of top tech companies, AWS is observed as the most profitable division and stands third in this list.

Amazon Web Services, Inc. is a subsidiary of Amazon Excel in offers on-demand inexpensive cloud computing platform services along with other important solutions.

AWS’s working methodology is incredible to know. Its services are delivered to customers via a network of AWS server farms located throughout the world. Its inclusion “pay-as-you-go” model helped gain tremendous customers across the globe mostly from the North American region.

Run and operated by Amazon.com is a great example of today’s e-commerce universe. Alternatively, they are a vast Internet-based enterprise with a considerable online presence.

Meta

Meta

  • Founder: Mark Zuckerberg and more
  • CEO: Mark Zuckerberg (July 2004)
  • Founded In: 2004
  • Market capitalization worth: 908 billion USD
  • No. of Employees: 66,185 (2023)
  • Area Served: Worldwide
  • Headquarters: Menlo Park, California, United States

Formerly pronounced Facebook until 2021, Meta reshaped its inclusiveness through the company’s focus on mixed reality concepts.

Meta’s market capitalization accumulated 908 billion USD earlier this year, making it the fourth-largest software development and IT companies in the world.

Meta has captured the landscape of social media users through the acquisition of Instagram, Messenger, WhatsApp, and Oculus being its top renowned products for virtual and augmented reality experience.

The synergy of utilizing Facebook for digital advertising is another big reason for making inevitable profits and being a big name in this domain.

Infosys

Infosys

  • Founder: N. R. Narayana Murthy, Nandan Nilekani
  • CEO: Salil Parekh (Jan 2018)
  • Founded In: 1981
  • Market capitalization worth: 529 billion USD
  • No. of Employees: 342,000
  • Area Served: Worldwide
  • Headquarters: Bengaluru, India

Making our list of the top IT companies in the world, Infosys is positioned at the fifth position for IT company in the world. It is among the top 10 biggest IT firms in the world concerning market capitalization.

Founded in July 1981 by N.R. Narayana Murthy and co, the company is headquartered in Bangalore India with Salil Parekh as its current CEO.

The company is the second-largest IT company in India and top 10 IT Companies after TCS by the revenue figures of 2021.

Some of its most important services are software services such as development, maintenance, and independent validation services to manufacturing, insurance, financial, and other institutions.

Infosys has also tremendously influenced retail and corporate banking through one of its products called Finacle—a universal banking technology. As of 2021, the tech company recorded a net income of US$2.6 billion and possessed assets worth about US$14 billion.

Broadcom

Broadcom

  • Founder: Henry Samueli and Henry Nicholas
  • CEO: Hock E. Tan (March 2006)
  • Founded In: 1961
  • Market capitalization worth: 525 billion USD
  • No. of Employees: 20,000
  • Area Served: Worldwide
  • Headquarters: San Jose, California, United States

Broadcom Inc. holds a big name in the field of American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products.

Formerly involved in the creation of semiconductors but also engaged in the IT software business.

Being said that the company has a complex portfolio of leading infrastructure and security software, including today’s leading AIOps, Cyber Security, Value Stream Management, DevOps, Mainframe, and Payment Security.

Oracle

Oracle

  • Founder: Larry Ellison, Bob Miner, Ed Oates
  • CEO: Safra A. Catz (Sept 2014)
  • Founded In: 1977
  • Market capitalization worth: 291.94 billion USD
  • No. of Employees: 164,000 (2023)
  • Area Served: Worldwide
  • Headquarters: Santa Clara, California, United States

Oracle is another multinational IT corporation that’s currently among the world’s top IT companies. It is presently headquartered in Austin, Texas after relocating from its former Redwood Shores location. Oracle is one of the most advanced in this listing of the top 10 IT companies in the world.

It was founded by Larry Ellison, Bob Miner, and Ed Oates in Santa Clara, California, United States on 16th June 1977, and its CEO is Safra A. Catz.

The company majorly focuses on the design, manufacturing, and marketing of database software and technology, hardware products, cloud-engineered products, and business software products, specifically database management systems that represent its brand.

Oracle came in 82nd in the 2018 Fortune 500 list of America’s largest corporations by total revenue.

Complementing Oracle’s products are services like consulting (technical and business expert services), hosting services, financing, and training in Oracle products via Oracle University.

Oracle also designs and develops specialized tools for Customer Relationship Management software, Supply Chain Management software, Business Resource Planning software, and database development.

You, as a retail business owner, stand to gain so much by leveraging Oracle applications like the Oracle Retail Suite which provides warehouse management, merchandise management, invoice matching, price management, demand forecasting, product financial planning, and a host of other solutions.

Accenture

Accenture

  • Founder: Clarence Delany
  • CEO: Julie Sweet (Sep 2019)
  • Founded In: 1989
  • Market capitalization worth: 236.25 billion USD
  • No. of Employees: 733,000 (2022)
  • Area Served: Worldwide
  • Headquarters: Dublin, Ireland

Accenture by far has proven to be a major player in the tech world and also one of the biggest IT companies in the world and finest software companies in the world in 2019.

In 1989, Accenture plc, formerly known as Anderson Consulting, split from the accounting firm Arthur Anderson– a firm for which it was formerly the business and technology consulting division. The two companies broke all contractual ties in 2001.

Accenture Is a well-recognized global professional service and management consulting firm that provides the best IT services, consulting, digital marketing, operations solutions, business process outsourcing, IT, electronic, and cloud services.

The American-Irish multinational company is split into several units to facilitate its many services and operations and for efficient management. Those units include:

  • Accenture Consulting is responsible for business, management, and technology consulting.
  • Accenture Strategy: This unit takes care of the company’s tech, operations, and business strategy services.
  • Accenture Operations is another unit of the company saddled with the responsibility of outsourcing business processes, IT services, security, and managed operations.
  • Accenture Technology: The operations unit is concerned with software research and development, administration, and execution.

Aside from all the very interesting things you now know about this top IT company, there’s one thing that’s even more marvelous — its workforce population. Accenture had about 6,99,000 individuals employed in over 120 countries around the globe.

To further assure you of this firm’s credibility, know that it has big brands like Unilever, the Royal Shakespeare Company, and Marriott as its clients.

SAP

SAP

  • Founder: Dietmar Hopp, Hasso Plattner
  • CEO: Christian Klein (Oct 2019)
  • Founded In: 1972
  • Market capitalization worth: 169.63 billion USD
  • No. of Employees: 1,11,961 (2022)
  • Area Served: Worldwide
  • Headquarters: Weinheim, Germany

Comfortably maintaining the ninth position on the list of the biggest IT companies in the world is SAP.

SAP SE is one of the leading business application software companies in the IT market today. It was founded in Weinheim, Germany in 1972 by German software engineer Dietmar Hopp and his colleagues.

Currently, the corporation has its headquarters in Walldorf, Baden-Wurttemberg, Germany, with its CEO as Christian Klein. SAP will continue to generate a compelling case among the top 10 IT companies in the world for so long as they keep innovating as a good company pushing the bounds on a technician.

The German company provides the best software applications to take care of business activities and for optimal client relationships.

If you’re yet to meet the largest non-American software firm by revenue, then welcome to SAP.

Another intriguing thing about the multinational software corporation is that it clearly states its target industry sectors. Named, financial industries, service industries, consumer industries, process industries, public services, and discrete industries.

And that’s not all: It runs some kind of inclusive product system, accommodating large, mid-level, and small businesses.

SAP assists all companies to run at their best, regardless of size. This clearly explains why a shiny 77% of all revenue transactions all over the world pass through an SAP system.

The German company has its signature software solution as the Enterprise Resource Planning (ERP).

ERP comprises a group of connected applications that businesses leverage to gather, store, manage, and analyze data from a lot of business transactions.

Currently, SAP IT company has over 425,000 customers in well over 180 countries. It also boasts a workforce of 102,400 employees in over 140 countries and total revenue of €27.842 billion in the Fiscal Year- 2021.

IBM

IBM Logo

  • Founder: Charles Ranlett Flint
  • CEO: Arvind Krishna ( April 2020)
  • Founded In: 1911
  • Market capitalization worth: 148.05 billion USD
  • No. of Employees: 2,88,300 (2022)
  • Area Served: 177 Countries
  • Headquarters: Armonk, New York, United States

IBM stands for International Business Machine and is currently the biggest IT service company in the world with over 300 offices and 2,82,100 employees working in more than 177 nations of the world.

The American company was founded by financial capitalist Charles Ranlett Flint on the 16th of June 1911 and has its headquarters at Armonk, New York, United States.

IBM’s revenue generation today is achieved through its five sectors: Cloud and cognitive Software, Global Technology Services (GTS), Global Business Services (GBS), Global Financing, and Systems.

Its GTS division takes care of the best IT services for its customers all over the world. These services include process outsourcing and maintenance of very important client systems and infrastructure. Its GBS division is entrusted with consultancy, project management solutions, and system integration.

In recent times, over 92 percent of the world’s top 100 banks have required the services of IBM because of their dependence on mainframes for security and uninterrupted and efficient processing of financial transactions.

IBM also offers blockchain solutions that may help people to develop their cryptocurrency exchange.

The company has since evolved into a major cloud computing haven that your business can also leverage and IBM comes on the list of the top 10 largest IT companies in the world.


Who Is The Most Advanced Technology Company In The World?

Apple is the most advanced technology company in the world.

Apple

  • Founder: Steve Jobs, Steve Wozniak, Ronald Wayne
  • CEO: Tim Cook (Aug 2011)
  • Founded In: 1976
  • Market capitalization worth: 3.01 trillion USD
  • No. of Employees: 161,000 (2023)
  • Area Served: Worldwide
  • Headquarters: Cupertino, California, United States

Only to be expected, Apple Inc. is the leading multinational technology company in the world with a market capitalization of 3.01 trillion USD. This record breaks the odds for the company and makes it the world’s largest company by market capitalization.

Being in stiff competition, Apple is the first company to have crossed the 3 trillion USD market value earlier this year.

Surprisingly, that stake is 310 times higher than the figure required to be a large-cap venture and greater than the entire GDP of the UK, as per Worldometer.

Under its wide sleeve of operations, its products include Mac OS X system, iTunes media browser, iLife suite of creativity software, iWork suite of productivity software, and Final Cut Studio for film software.

Which Is The Best Innovative IT Company In The World?

HP

  • Founder: David Packard and Bill Hewlett
  • CEO: Enrique Lores
  • Founded In: 1939
  • Revenue: $63.49 billion
  • Headquarters: Palo Alto, California, United States
  • No. of Employees: 51,000
  • Area Served: Worldwide

HP (Hewlett Packard Company) needs no introduction when talking about innovations in the IT segment.

It was founded in 1939 after splitting from the Hewlett-Packard company. It is headquartered in Palo Alto, California, USA with its current president and CEO Antonio Neri.

After the split, HP Inc. became the PC and printer arm of the company while HPE took on the Enterprise products and services aspect. HPE has since become one of the largest IT service provider companies in the world.

The services rendered by HPE are divided mainly into data storage and protection, IT financing, consulting, cloud services, IT infrastructure, Software, and Technology services. Anticipate HP to keep its standing among the top 10 IT companies in the world even going to the future, on the back of solid performance in the marketplace.

Cloud services have to do with machine E-learning, virtual machines, managed cloud systems, storage, data protection, Virtual Machines, Big Data, etc. All these are categorized under the HPE Greenlake Cloud Services.

  • The IT infrastructure sector includes High-Performance Computing, Data Storage, Networking, Information Management, and Networking Management facilities.
  • Hewlett Packard Enterprise, as its name implies, manufactures enterprise hardware products like servers and networking equipment.
  • Regardless of the tough competition from other cloud companies like Dell Technologies, HPE remains one of the most dominant players in the cloud market.

Who Provides The Best IT Outsourcing Solutions In the World?

Capgemini

  • Founder: Serge Kampf
  • CEO: Aiman Ezzat (May 2020)
  • Founded In: 1967
  • Revenue: $19.09 billion
  • Headquarters: Paris, France
  • No. of Employees: 300,000

It’s among the world’s biggest IT company, outsourcing, and professional services firms with over 325,000 employees in over 55 nations.

Capgemini was founded by Serge Kampf on October 1, 1967, solely for data processing and enterprise management.

The French multinational company steadily rose through the ranks, making very strategic and important acquisitions since 1974.

Some of its most important acquisitions include CAP, Gemini Computers in New York, DASD Corporation in Wisconsin, USA, and Altran, all of which were salient players in the IT industry.

Capgemini is one of the world’s top IT service companies, specializing in professional services, consulting, outsourcing, technology, and engineering services, and other management services.

The French IT services firm has over 325,000 employees in over 55 nations, with 125,000 of those employees having Indian origin.

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Future Of The Top 10 IT Companies In The World

Humanity remains grateful to the top IT companies or IT services provider industry for its massive contribution towards making every aspect of life easy. However, future technologies are forecast to be more efficient than what’s obtainable today.

As for the top IT companies in the world, there is a great likelihood they will remain dominant in the IT marketplace for a while since they’ve established formidable market stocks and possession of the most vital IT infrastructure.

Note – Ranking Factors Considered for “Top 10 IT Companies In The World” as mentioned below:
👉 Considered top 15 IT companies worldwide with the help of primary and secondary sources.
👉 Parameters like revenue, market cap, and the total number of employees are taken.
👉 Based on the Market capitalization as per the latest holdings, the final ranking is created.

Frequently Asked Questions

Which are the top 5 IT companies in the world?

Based on the revenue parameter, the top 10 companies in the IT sector in the world are; Microsoft with $161 billion holding top position followed by second most valued company is Alphabet Inc, third most company AWS, fourth most - Meta, and the fifth most - Infosys Corporation.

Which is the biggest IT company in the world?

Microsoft is the biggest IT company in the world with 1,82,268 employees worldwide and by revenue of $161 billion.

Which is the No 1 software company in the world?

Microsoft is the no.1 software company in the world according to many media reporters and survey communist.

Which city has the highest IT companies in the world?

San Francisco, California, USA is home of many avant-grade tech companies in the world.

Amelia Scott

Amelia is a content manager of The Next Tech. She also includes the characteristics of her log in a fun way so readers will know what to expect from her work.

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