The Information Technology (IT) sector stands as a cornerstone of the global economy, driving innovation, efficiency, and growth across all industries. From startups to multinational corporations, IT companies are at the forefront of technological advancement, offering solutions that transform how we live, work, and interact. This article explores the titans of the IT industry, shedding light on their contributions, achievements, and the impact they have on the world. Top 10 IT Companies in world

 

Technologies like IOT, cloud computing, online security, etc. have been the focus areas of the IT services being served to clients across different verticals like BFSI, manufacturing, retail, energy, telecom, etc. by these top software companies. These top software and IT companies provide businesses across the world with enterprise software and services to run multi-billion-dollar businesses. Products in areas like ERP, CRM, SCM, etc. are made by these companies to solve a lot of business problems with benefits. With a focus on machine learning, generative AI, augmented reality, and new ways of working, information technology is here to stay and grow further. Information technology is present in both B2B and B2C scenarios and is impacting the world. Top 10 IT Companies in world 2023

This article has a list of the top IT companies in the world in 2023 using business parameters such as revenue.

 

The list of top information technology (IT) companies includes Alphabet, Microsoft, IBM, and Accenture, followed by product companies like Oracle, SAP, Salesforce, and other big IT services companies like Deloitte, TCS, Capgemini, etc. The top information technology companies are leading innovation in product, consulting, outsourcing, technology, and IT services around the world.

1. Alphabet Inc.  Top 10 IT Companies in world

Alphabet Inc., founded in 2015 after the restructuring of Google, is one of the top technology companies in the world.

Alphabet is headquartered in California, USA, and serves customers worldwide with its strong portfolio of products & services. After its inception, it became the parent company of Google and has expertise in businesses like the internet, AI, cloud computing, automation, software, robotics, healthcare, and much more.

Globally, the company has more than 150,000 employees. Alphabet is a listed company and is traded on NASDAQ and S&P. The company continues to grow and be a market leader with strategic investments and acquisitions, which strengthens its position in the technology sector. Subsidiaries: Google, Waymo, X Development, Verily, Google Fiber, MORE

Alphabet will rank first among the top information technology (IT) companies in the world in 2023.

Revenue: $282 billion * Number of employees: 182,502 (2023) * CEO: Sundar Pichai

 

2. Microsoft Corporation

Microsoft Corporation is headquartered in Redmond, Washington, and is one of the largest companies in the world.

Products like Microsoft Windows, Microsoft Office, etc. are being used by a lot of professionals around the world. Microsoft was founded by Bill Gates and Paul Allen on April 4, 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 the 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 is in the 2nd rank among the top information technology (IT) companies in the world in 2023.

Revenue: $204 billion * Number of employees: 221,000 (2023) * CEO:  Satya Nadella

4. IBM

International Business Machine (IBM) is an American MNC and is operational in more than 150 countries.

The company was established originally as a computing recording company but was later renamed IBM (International Business Machines) in 1924. IBM’s headquarters are in Armonk, New York.

IBM’s business is organized into five main segments: cloud and 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. In recent years, IBM has focused on expanding its cloud computing capabilities and AI, with its IBM Cloud platform offering a range of services including infrastructure, software, and platform as a service. IBM has developed a range of proprietary tools and platforms to help clients take advantage of emerging technologies. IBM is a strong company that provides a range of technology and consulting services to clients across different industries.

IBM will be in the 4th rank among the top IT companies in the world in 2023.

Revenue: $ 60 billion * Number of employees: 282,200 (2023) * CEO: Arvind Krishna

5. Oracle

Oracle Corporation headquarters is located in Redwood Shores, California, and it is one of the most renowned American MNCs.

The company is widely known for its ERP solutions, database development and management, supply chain management software, and customer relationship management software. Oracle has a wide customer base, having more than 400,000 customers across the globe and a presence across a wide variety of industries in more than 150 countries.  It enables its customers by providing smart solutions that add value to their business as well as their users and customers. The company is focusing primarily on building intelligent cloud applications, integrated cloud platforms, open source platforms for developers, ERP solutions, and analytical tools that 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 aim to enhance customer capabilities so that they can develop their innovative products and services. Oracle is in the 5th rank among the top IT companies in the world.

Revenue: $46 Billion * Number of employees:164,000 (2023) * CEO: Safra Catz

6. 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. SAP is leveraging technologies like machine learning, the Internet of Things, blockchain, cloud computing, and SAP HANA to solve various business problems across all industries and regions. SAP HANA allows companies to integrate processes end-to-end and helps them enhance their business models in the way they 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 business processes beyond customer expectations. SAP will be in the 6th rank among the top IT companies in the world in 2023.

Revenue: $32 Billion * Number of employees:111,961 (2023) * CEO: Christian Klein

7. Salesforce

Salesforce is an American technology company that was founded in 1999.

The company is known for its expertise in cloud computing and is one of the leading players in CRM software which helps other companies with solutions for e-commerce, analytics, sales, service, & marketing automation. The company has a very strong global presence and employs more than 70,000. The main offices of the company are located in the USA, UK & Australia. Salesforce is also a listed company and traded on NYSE, DJIA, and S&P.

Revenue: $32 Billion  * Number of employees: 79.390 (2023) * CEO: Marc Benioff

8. Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) has been ranked as the no. 1 Indian multinational information Technology (IT) firm that generates its revenue from various domains.

TCS has many functional domains like consulting, software development, infrastructure support, and business process outsourcing, and its headquarters is located in Mumbai, India.

TCS is prevalent in four 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. 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. TCS will be ranked 6th in the Top 10 Information Technology (IT) companies in the world in 2023.

Revenue: $27 Billion  * Number of employees: 616,000+ (2023) * CEO: K. Krithivasan

9. Deloitte Consulting

Deloitte is one of the largest professional services providers in the world, serving clients across the globe with services ranging from management consulting to IT technology consulting.

Each of the network of member firms of Deloitte Touche Tohmatsu Limited, a UK-based private company is commonly referred to as Deloitte. The global headquarters of the company are 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. It was also reported to have served the largest number of clients out of FTSE 250 companies in 2012.

Deloitte, being one of the biggest management consulting firms, 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.

Revenue: $25 Billion * Number of employees: 457,000+ (2023) * CEO: Joe Ucuzoglu

10. Capgemini

Capgemini is one of the leading Information Technology (IT) companies in the world, with a strong global presence.

The French company Capgemini, based out of Paris, has its global operations spread across more than 40 countries. The brand is a leader in IT services, providing consulting, professional services, outsourcing, etc., and is driven by more than 190000+ employees globally. Over the last few years, Capgemini has consolidated its position as a leading IT company by acquiring several other players in the industry. All acquisitions have helped the company have more business in IT, technology, and strategy domains. The company was formed in 1967 by Serge Kampf and has since become one of the pioneers in the industry. In India itself, the company has over 100,000 employees. With a consistent performance year after year, the company has also been recognized by several awards from the likes of Gartner, Forrester, etc. Capgemini will be one of the top IT companies in the world in 2023.

Revenue: $ 22.8 Billion * Number of employees: 357,000+ (2023) * CEO:  Aiman Ezzat

 

Ranking Methodology for Top IT Companies Top 10 IT Companies in world 2023

1. MBA Skool Team considers the top 20 information technology (IT) companies in the world.

2. MBA Skool Team takes parameters like revenues and profit margins into account.

3. MBA Skool Team creates the final ranking based on the revenues.

This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purposes only.

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