This article presents a list of the top global IT companies for 2023, ranked by revenue and other business parameters. The IT industry has been steadily growing for many years, and it is expected to continue in 2023 due to a renewed focus on technology, automation, and software. Top 10 IT Companies in world 2023
During the pandemic, many sectors relied heavily on IT companies to streamline their systems and enable remote work, sales, marketing, and even manufacturing. This has resulted in increased investment in IT over the past two years, leading to the expansion of software services, products, and tools.
While there has been a slight reduction in technology spending in 2022-2023 due to a slowdown, top software companies are continuing to focus on serving clients across various industries, such as BFSI, Manufacturing, Retail, Energy, Telecom, and others, with a particular emphasis on technologies such as IOT, cloud computing, and online security.
The US and Asia mainly concentrate IT services, which represent around one-third of the global IT business. Experts anticipate that the IT industry will undergo growth and innovation in the years to come.
These are the Top 10 IT Companies in World 2023
1. Microsoft Corporation
Microsoft, one of the world’s largest companies, is headquartered in Redmond, Washington, and leads the list of top 10 IT companies.
The products like Microsoft Windows, Microsoft Office etc. are being used by a lot of professionals in the world.
Microsoft was founded by Bill Gates and Paul Allen on 4, April 1975, and it has expanded its market share by diversifying its services from the operating system market to other various software products.
Microsoft is a multinational technology company that is known for its software products such as Windows operating system, Microsoft Office Suite, and Internet Explorer. Over the years, Microsoft has grown its product offerings beyond software to include hardware such as the Surface line of tablets and laptops, and gaming consoles such as the Xbox. In addition, the company has also made significant investments in artificial intelligence, cloud computing, and cybersecurity. An important area of business for Microsoft has been its cloud computing platform, Azure. The platform offers a range of services including virtual machines, data storage, and application development, and competes with other cloud providers globally.
Microsoft and artificial intelligence
Over the last few years, Microsoft has also invested in the field of artificial intelligence, with its AI platform, Microsoft Azure Cognitive Services. This platform provides developers with pre-built APIs that can be integrated into their applications to add AI capabilities such as natural language processing and computer vision. On the whole, Microsoft has a robust product portfolio, with a dominant position in the PC operating system market, a growing presence in the cloud computing and gaming markets, and investments in emerging technologies such as artificial intelligence and cybersecurity.
Microsoft is on 1st Rank in Top Information Technology (IT) companies in the world in 2023.
Headquarters: Redmond, Washington, United States
2. Accenture
It is a global management consultancy firm that provides professional services like strategy, consulting, technology and operations services.
Accenture’s businesses are spread across financial services, communications, media and technology, products, and resources. The company’s consulting services are aimed at helping organizations improve their business processes, increase efficiency, and develop new strategies to stay ahead of the competition. Accenture also offers technology services, including software development, cloud computing, and cybersecurity, as well as outsourcing services such as finance and accounting, human resources, and procurement.
A big advantage is its global reach and its ability to work with clients across different continents. The company has a strong employee base with more than 500,000 employees from more than 100 countries, and its services are tailored to the specific needs of each client and industry. The company is a well-respected organization that provides a broad range of services to clients in different industries and regions.
Accenture is in 2nd Rank among the Top IT companies in the world.
Headquarters: Dublin, Ireland
3. IBM
In 1911, the company was founded as a computing recording company and renamed as IBM (International Business Machines) in 1924. IBM’s headquarters are located in Armonk, New York.
The company organizes its business into 5 main segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. IBM’s global business services segment provides consulting, application management, and business process outsourcing services to clients across different industries. One of IBM’s biggest advantages is its history of R&D and growth. For over 25 years, the company has received more U.S. patents than any other company and has made significant contributions to the development of technologies such as relational databases, automated teller machines (ATMs), and the computer mouse.
In recent years, IBM has focused on expanding its cloud computing capabilities, with its IBM Cloud platform offering a range of services including infrastructure, software, and platform as a service. The company has also made significant investments in emerging technologies such as artificial intelligence and blockchain and has developed a range of proprietary tools and platforms to help clients take advantage of these technologies. IBM is a strong company that provides a range of technology and consulting services to clients across different industries.
IBM is in 3rd Rank among Top IT companies in the world in 2023.
Headquarters: Armonk, New York, United States
Top 10 IT Companies in world 2023
4. Oracle
Developing and managing ERP solutions, databases, supply chain management software, and customer relationship management software is what the company is widely known for. Oracle has a wide customer base having more than 400,000 customers across the globe. They are present across a wide variety of industries in more than 150 countries. It enables its customers by providing smart solutions which add value to their business as well as their users and customers. The company is focusing majorly on building intelligent cloud applications, integrated cloud platforms, open source platforms for developers, ERP solutions and analytical tools which use machine learning algorithms to generate results.
Oracle is also developing its capabilities in AI, machine learning, IoT, blockchain, and human interface technologies all of which aimed to enhance customer capabilities so that they can develop their own innovative products and services.
Oracle is on 4th Rank in Top IT companies in the world.
Headquarters: Austin, Texas, United States
5. SAP
SAP has been able to successfully build its image as a world leader in enterprise applications in terms of software and software-related services.
It has an employee strength of more than 88,000 employees in more than 130+ countries. SAP has more than 380,000 customers in over 170+ countries. The company is leveraging technologies like machine learning, the Internet of Things, blockchain, cloud and SAP HANA to solve various business problems across all industries and regions. SAP HANA allows companies to integrate processes end to end and help them in enhancing their business models in the way they actually want to create enormous amounts of value for their customers.
For supply chain and logistics management, SAP was the first company to build ERP solutions and it always focused on extending the business processes beyond customer expectations. SAP is in 5th Rank in Top IT companies in the world in 2023.
Headquarters: Walldorf, Germany
6. Tata Consultancy Services (TCS)
TCS has many functional domains like consulting, software development, infrastructure support and business process outsourcing and its headquarter is located in Mumbai, India.
TCS is prevalent in 4 major businesses: Banking, Financial Services and Insurance (BFSI), Retail and Consumer Goods, Communications, Media and Technology, and Manufacturing. The company’s services include application development and maintenance, infrastructure management, consulting, and business process outsourcing.
Providing Digital Solutions for Businesses Worldwide
TCS also offers a range of digital services, including analytics, cloud computing, and Internet of Things (IoT) solutions. The company has a large BFSI client base in the banking and financial services industry, and its services in this area include core banking, wealth management, and insurance. TCS has a strong international presence with services offered in over 40 countries and a workforce of over 500,000 employees. The company has a strong focus on diversity and inclusion, with women comprising a significant portion of its workforce and leadership positions. TCS is a strong information technology company that provides a range of technology and consulting services to clients across different industries. TCS is on 6th Rank in Top 10 Information Technology (IT) companies in the world 2023.
Headquarters: Mumbai, India
7. Deloitte Consulting
Deloitte Touche Tohmatsu Limited, a UK-based private company, commonly refers to each of its member firm networks as Deloitte. The global headquarters of the company is located in New York City, US. The services provided by the company include consulting, audit, tax, financial advisory and enterprise risk. In fact, Deloitte refers to the brand under which independent firms across the globe collaborate to provide the above-mentioned services. Accountancy Age reported that in 2012, it served the largest number of clients among FTSE 250 companies.
Deloitte is one of the biggest management consulting firms and has considerable revenue from IT consulting and advisory making it one of the top IT companies in the world as well. They offer services in IT implementation, consulting, maintenance etc.
Headquarters: Bangalore, Karnataka, India
8. Capgemini
The French company Capgemini, based out of Paris, has its global operations spread across more than 40 countries. Capgemini, with over 190,000 employees worldwide, leads in IT services by providing consulting, professional services, outsourcing, and more. In recent years, Capgemini has strengthened its position as a top IT company through several industry acquisitions. All acquisitions have helped the company have more business in IT, technology and strategy domains. Serge Kampf formed the company in 1967, which has since become one of the pioneers in the industry. The company boasts over 100,000 employees in India. Capgemini has consistently performed well, earning recognition from entities like Gartner and Forrester through several awards. Capgemini is on 8th Rank in Top IT companies in the world 2023.
Headquarters: Paris, France
9. Cognizant
Cognizant is consistently able to maintain its ranking among the most admired and fastest-growing companies in the world. The company’s unique industry-based consulting approach actually helps the client to build more innovative and efficient businesses. It has its headquarters located in U.S. Cognizant, ranked 205 on the Fortune 500 ranking, is also a member of the Nasdaq.
The revenue of Cognizant is consistently growing and it is 18.5 billion currently. It has an employee strength of more than 260,000. The company is investing aggressively in digital services to enhance value for stakeholders. Cognizant is an IT service provider dealing in IT development, implementation, integration, maintenance, support, consulting etc. Cognizant is on 9th Rank in Top Information Technology (IT) companies in the world 2023.
The revenue of Cognizant is consistently growing and it has increased from $7.7 Billion to $13.5 billion currently. It has an employee strength of around 330,000 workforces by 2016. The company is investing aggressively in digital services to enhance value for stakeholders or shareholders through a high return on capital. Cognizant was in the 10th Rank among Top Information Technology (IT) companies in the world in 2021.
Headquarters: Teaneck, New Jersey, U.S
10. DXC
Found in 2017 as a merger between HPE & CSC, DXC technology has become one of the biggest IT companies in the world. As of today, the company has extensive operations in more than 70 countries worldwide. A strong workforce comprising of 120,000+ employees spread globally drives DXC. The company offers important IT services across the Enterprise Technology Stack to drive the businesses of several organizations. The company is a pioneer in for BPOs, analytics, engineering, apps, security, cloud, IT outsourcing etc. DXC has strengthened its position in the market by several acquisitions as well. Some prominent acquisitions are Tribridge, Molina Medicaid Solutions and Luxsoft. The company actively sponsors sporting events such as motorsport and rugby as part of its marketing strategy.
Headquarters: Ashburn, Virginia, USA
Top 10 IT Companies
Ranking Methodology for Top 10 IT Companies by MBA Skool: Top 10 IT Companies in world 2023
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The top 15 IT companies in the world are considered Top 10 IT Companies in world 2023
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The ranking takes parameters such as revenues and profit margins into account.
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The final ranking is determined by the revenues
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