Walking into 2021, the World’s IT companies or industry witnessed a little hitch as regards its general revenue.
In August of 2020, the International Data Corporation (IDC) which is the leading international provider of advisory services and market intelligence for IT service companies projected the year’s global revenue to be $4.8 trillion, contrasting the former estimate of $5.2 trillion.
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.
Presently, it is estimated by IDC that the tech industry is making giant strides and is on its way to $5 trillion in 2021.
Now that you’ve had an overview of the global IT industry, a very salient question pops up. What are the world’s largest IT service companies today?
Better still, what comes to your mind when you think of the top 10 IT companies in world 2020. Let’s take a look at our list.
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 10 IT companies in the world now without always scouring the web? Or better still, what if you can connect together directly from this report?
We have done the hard work and number crunching to supply you with the most extensive collection of greatest software firms yet so you could directly associate with the top 10 IT companies in the world in 2021.
Information technologies (IT) continues to be well recognized among the significant driving forces in today’s market today; since the top 10 largest software firms are a few of the very best information technology services suppliers which 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 farther, and the present top 10 IT companies in the world for 2021, 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.
International IT Industry Review based on the most recent market report by Gartner, the entire spending in the international IT sector, such as IT solutions, data center systems, business applications, and telecom providers, is estimated to be over $3.7 trillion in 2019, representing a 4.5% rise in 2018. International IT spending growth started to turn around in 2018, with continued growth expected during the upcoming few decades.
The Internet of Things (IoT) is currently among the greatest and fastest growing segments in the international IT sector, reaching almost $700 million worth from 2016 and is forecast to exceed $2 billion by 2021, registering an astonishing Compound Annual Growth Rate (CAGR) of 30 percent within the five-year interval.
Breaking the IT economy down into its parts, another active portion of it’s that the rise of information centers such as WLAN, while the standard classes of hardware, applications, and services account for 53 percent of their total. Another core class, telecom solutions, accounts for 30%.
The remaining 17% covers various emerging technologies which don’t fit into one of those conventional buckets or span several classes, that’s true for several emerging as-a-service solutions which have components of hardware, software, and support.
Geographically, the Asia Pacific area was the most significant area in the information technologies (IT) marketplace in 2018, accounting for approximately 39% market share. Asia Pacific has considerably improved its share in the international IT marketplace, driven by the increase of nations like China and India, contrary to the reduced growth rates experienced in regions of Europe and other markets.
North America has been the 2nd biggest region accounting for approximately 27% market share. Africa was the tiniest area accounting for about 2% market share.
So, which will be the largest software firms working in the world these days?Also read: 9 Best Cybersecurity Companies in the World
Founder: Charles Ranlett Flint
CEO: Arvind Krishna ( April 2020)
Founded In: 1911
Headquarters: Armonk, New York, United States
IBM, short for International Business Machine is currently the biggest IT service company in the world with over 300 offices and 400,000 employees working in more than 170 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 & Cognitive Software, Global Technology Services (GTS), Global Business Services (GBS), Global Financing, and Systems.
Its GTS division takes care of 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.
IBM shares sold at over $125 per share and sustained a market capitalization of over US$113.9 billion as of September 2018.
Currently, the company has three major individual shareholders: James M. Whitehurst (148,608 shares), the CEO– Arvind Krishna (86,188 shares), and James J. Kavanaugh (77,514 shares).
In recent times, well over 92 percent of the world’s top 100 banks require the services of IBM because of their dependence on mainframes for security and uninterrupted and efficient processing of financial transactions.
The company has since evolved into a major cloud computing haven which your business can also leverage.
Founder: Bill Gates, Paul Allen
CEO: Satya Nadella (Feb 2014)
Founded In: 1975
Headquarters: Redmond, Washington, United States
On April 4, 1975, in Albuquerque, New Mexico, Microsoft Corporation was founded by childhood buddies Bill Gates and Paul Allen.
They simply wanted to put their computer programming skills into good use by developing and selling BASIC interpreters for the Altair 8800, and fortunately, their vision and skill birthed today’s Microsoft.
Microsoft is a multinational IT 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 as 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.
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 being 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.
As of 2020, Microsoft made US$143 billion in revenue, boasted a net income of US$44.3 US, and an employee base of 166,475 people.
Its major subsidiaries include Xbox Game Studios, LinkedIn, GitHub, and Skype Technologies.
Founder: Larry Ellison, Bob Miner, Ed Oates
CEO: Safra A. Catz
Founded In: 1977
Headquarters: Santa Clara, California, United States
Oracle is another multinational IT corporation that’s currently among the world’s top IT service 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 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.
It became the second-largest software company by revenue and market capitalization as of 2019. Oracle also 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, and product financial planning, and a host of other solutions.
In 2014, despite experiencing heavy competition from its many rivals, Oracle Financials beat out SAP and several other rivals to be ranked in the Top 20 Most Popular Accounting Software Infographic by Capterra.
The tech firm’s total revenue in 2020 was US$39.07 billion and in the same year, it recorded a net income of US$10.14 billion. Its employee population in 2020 was about 135,000.
Founder: Clarence DeLany
CEO: Julie Sweet (Sep 2019)
Founded In: 1989
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 strategy, 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:
Aside from all the very interesting things you now know about this company, there’s one thing that’s even more marveling—its workforce population.
It should thrill you to know that in 2020 alone, Accenture had about 506,000 individuals employed in over 120 countries around the globe.
To further assure you of this firm’s credibility, know that it has had big brands like Unilever, the Royal Shakespeare Company, and Marriot as its clients.
In November 2019, two months after Julie Sweet resumed office as its CEO, Accenture’s market capitalization was valued at over US$125.1 billion, and as of 2020, the powerful IT firm had a net income of US$5.11 billion.
Founder: David Packard, Bill Hewlett,
CEO: Enrique Lores
Founded In: 1939
Headquarters: Palo Alto, California, United States
HPE (Hewlett Packard Enterprise Company) needs no introduction in the list of top 10 IT companies in the world.
It was founded in 2015 after splitting from the Hewlett-Packard company. It is headquartered in San Jose, California, USA with its current president and CEO as 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 finest 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, in the back of solid performance on the marketplace.
The 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.
A series of software solutions, especially those concerned with cloud computing, has become possible through HPE’s robust system.
Having reigned for a long time in the global IT market, HP has the stamina to compete with the most powerful IT brands out there.
In the nearest future, expect to see it maintain its place among the largest IT companies around the world.
Founder: Dietmar Hopp, Hasso Plattner
CEO: Christian Klein (Oct 2019)
Founded In: 1972
Headquarters: Weinheim, Germany
Comfortably maintaining the sixth 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.
We are talking about the third-largest publicly traded software company in the world.
Another intriguing thing about the multinational software corporation is that it clearly states its target industry sectors to include; 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 has over 400,000 customers in well over 180 countries. It also boasts a workforce of 102,400 employees in over 140 countries and total revenue of €27.34 billion in the Fiscal Year- 2020.
Founder: Tata Sons, J. R. D. Tata
CEO: Rajesh Gopinathan (Feb 2017)
Founded In: 1968
Headquarters: Mumbai, India
It’s a subsidiary of the Tata Group and works in 46 nations. TCS is among the biggest IT firms in the world and among the best IT services suppliers for services such as consulting, applications development, infrastructure support, and business process outsourcing.
TCS, short for Tata Consultancy Services, is one of the largest IT companies of today. Founded in 1968, the company’s CEO and Managing Director is Rajesh Goinathan and it is headquartered in Mumbai, Maharashtra, India.
The Indian IT firm has its specialty in consulting and IT services. Its parent company is the Tata Group and it runs 149 locations across 46 countries. Currently, TCS is ranked among the most valuable IT services brands in the world.
The Indian company’s most formidable software products include TCS Mastercraft and TCS BaNCS.
TCS Mastercraft comprises a group of products that facilitate optimization of processes in digital transformation, software development, privacy, business data quality, delivery, application creation, etc.
On the other hand, TCS BaNCS integrates a series of software resources used by retail banks to process their financial services.
Some services TCS offers include consulting, analytics and insights, IoT, enterprise applications, automation and AI, engineering and industrial services, cybersecurity, and provision of cloud infrastructure.
In 2018, TCS rose to fame as the second Indian company (preceded by Reliance Industries) to exceed the $100 billion dollar mark.
By this giant stride in 2018, TCS became one of the powerful 63 companies with a market capitalization of over $100 billion. That’s 33% below IBM’s market capitalization.
As of December 2020, the company had over 469,000 employees in over 45 countries and a net income of US$4.5 billion that same year.
Founder: Serge Kampf
CEO: Aiman Ezzat (May 2020)
Founded In: 1967
Headquarters: Paris, France
It’s among the world’s biggest IT consulting, outsourcing and professional services firms with over 200,000 employees in over 40 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 biggest IT service companies, specializing in professional services, consulting, outsourcing, technology, and engineering services, and other management services.
One of its subsidiaries—Sogeti, is an IT consulting company that focuses on technology and professional engineering services.
The French IT services firm has over 270,000 employees in over 50 nations, with 120,000 of those employees having Indian origin. In 2019, the company recorded a revenue of €14.12 billion and a net income of €856 million.
Founder: Kumar Mahadeva, Francisco D’Souza
CEO: Brian Humphries (Apr 2019)
Founded In: 1994
Headquarters: Teaneck, New Jersey, United States
Cognizant was founded by Sri Lankan American Kumar Mahadeva and his colleague Francisco D’Souza in1994. It is currently headquartered in Teaneck, New Jersey.
The American multinational digital company is also one of the largest IT marketing firms on earth. It offers digital products, consulting, information security, and digital IT services.
The corporation’s business affects three salient areas—Digital Business, Digital Operations, and Digital Systems and Technology.
In 2015, the company acquired California based healthcare IT firm TriZetto Corp for $2.7 billion.
This is now the Cognizant TriZetto Healthcare Products sector of the company which comprises software solutions that help institutions improve cost and quality of care, improve the member-patient experience, improve administrative efficiency, and boost revenue.
A more comprehensive list of the services the company renders includes; business intelligence, data warehousing, customer relationship management, supply chain management, enterprise resource planning, testing, and research and development outsourcing solutions.
Its revenue as of 2019 was US$16.8 billion, and it recorded a net income of US$1.84 billion the same year. As of 2020, it had about 281,500 employees.Also read: The Top 10 In-Demand Tech Skills you need to have in 2021
Founder: N. R. Narayana Murthy, Nandan Nilekani
CEO: Salil Parekh (Jan 2018)
Founded In: 1981
Headquarters: Bengaluru, India
Making our list of the top 10 biggest IT companies in the world is Infosys. Infosys is the 2nd largest IT firm in India and among the top 10 biggest IT firms in the world concerning revenue.
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.
Listing the Indian multinational company at the base of the top 10 does not suggest it will keep being at the base, because—let’s face it— anything can happen in the IT world.
The company is the second-largest Indian IT firm after TCS by the revenue figures of 2017. It had a market capitalization of $46.52 on March 29, 2019.
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 2020, the tech company recorded a net income of $22,000 and possessed assets worth about US$13 billion.
Humanity remains grateful to the IT service 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 10 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.