Top 20 IT Companies in 2023

It is the software development, digital marketing and IT Companies that are ruling the corporate world and shaping the future in the post-pandemic period. With an expected growth of 5% this is the industry that has shown the world how to remain competitive and in green by taking extreme measures like complete work-from-home for the time being.

The best software development cloud computing, digital marketing and IT companies belong to the digital business world and are evolving and driving innovation at a fast pace. The information technology sector is on a boom with technologies like online security, cloud computing, IoT, privacy, computer software products, AI, networking software solutions, operations, technology consulting and enterprise software solutions etc. in high demand.

The top Information Technologies or IT companies in the world in 2023 have made a distinct name for themselves. They are service suppliers that have changed the way how industries and international business entities operate.

The Top 20 IT companies in 2023 are described below with various statistics so that it becomes easy for you to rank them.

Top 20 IT Companies in 2023 by Revenues

1. Amazon

• Revenue:  $524.897 billion (twelve months ending March 31, 2023)
• Market Cap: $1371.6B (August 1, 2023)
• Market value: $1.7 trillion
• Employees: 1,541,000
• Origin Country: United States of America
• Founder: Jeff Bezos
• Founded: 5th July 1994
• Headquarters: Seattle, Washington, U.S

Based on revenues Amazon occupies the top spot in the list of the top 20 IT companies in the world.

The multinational conglomerate is a part of the “Big Five” IT companies and is recognized as the most valuable brand and largest cloud computing platform, live streaming platform, AI assistant provider and online marketplace based on market capitalization and revenues around the world.

Amazon is the largest Internet-based store in the world by total sales and market capitalization. It offers a wide range of products and services, allowing consumers to buy almost anything online. It operates individual websites, software development centers, customer service centers, data centers, and fulfillment centers worldwide.

Amazon is associated with prominent industries like information technology, artificial intelligence, eCommerce, cloud computing, consumer electronics, digital streaming and entertainment.

Important products and services related to the high-profile brand Amazon include Kindle, Fire OS, Fire TV, Fire Tablet, Echo, Amazon Alexa, Amazon Web Services, Amazon Prime Video, Amazon Music, Amazon Appstore and Amazon.com.

2. Apple Inc.

• Revenue: $94.836B (Q1, 2023)
• Market Cap:  $3089.9B (July 31, 2023)
• Market value: $3.0 trillion (2023)
• Brand Value: $297.5 billion (2023)
• Employees: 164,000
• Origin Country: United States of America
• Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
• Founded: 1st April 1976
• Headquarters: 1 Apple Park Way, Cupertino, California, U.S.

As of March 2023, Apple is the world’s biggest company by market capitalization.

Apple Inc. is the second-largest software and information technology company across the globe based on revenues and the most valuable company. It has been the recipient of high brand loyalty from the customers who are mad about its products.

Apple is a part of the Big Five U.S. IT companies and the fourth-largest smartphone manufacturer and PC vendor in the world. As per the latest reports, there are more than 1.65 billion Apple products in use in the worldwide market.

Apple Inc. is associated with several industries like artificial intelligence, financial technology, semiconductors, media, retail, digital solutions, cloud computing, consumer electronics, computer software and computer hardware.

Some of the key products and services associated with the information technology company are iMessage, Apple TV+, App Store, Apple Music, Siri, iLife, watchOS, Apple Watch and Apple Pencil.

3. Alphabet Inc.

• Revenue: $289.531 billion ( twelve months ending June 30, 2023)
• Market Cap: $1.685 trillion USD (July 31, 2023)
• Market value: $1.7 trillion
• Employees: 190,234
• Origin Country: United States of America
• Founder: Sergey Brin and Larry Page
• Founded: 2nd October 2015
• Headquarters: Googleplex, California, U.S.

The multinational conglomerate Alphabet Inc. is the third-largest IT company in the world. It is the holding company of Google and several Google subsidiaries.

Alphabet is a technology-driven company whose primary source of revenue is online advertising from third parties in two categories Brand Advertising and Performance Advertising.

The company has more than 160 subsidiary businesses under its umbrella.

The core products and service portfolio of Alphabet Inc. include e-mail provider Gmail, Google Search, Chrome, Maps, Android, Google Play and YouTube. It also includes businesses like Waymo, Verily, GV, Capital G, Calico, Access and X.

4. Microsoft Corporation

• Revenue: $52.9 billion (quarter ending March 31, 2023)
• Market Cap: $2.5 trillion (August 2023)
• Market value: $2.3 trillion
• Brand Value: exceeded 611 billion U.S. dollars (2022)
• Employees:  221,000
• Origin Country: United States of America
• Founders: Bill Gates and Paul Allen
• Founded: 4th April 1975
• Headquarters: Redmond, Washington, U.S.

Microsoft Corporation is one of the prominent members of the “Big Five” club in the U.S. and has the distinction of being the largest and best software manufacturer based on revenues. Microsoft has offices in more than 100 countries and is one of the most powerful brands and profitable companies in American history.

The best IT services company in the world Microsoft is involved in manufacturing, developing, licensing, supporting and selling personal computers, consumer electronics and computer software. It has put the onus on innovative technologies like cloud computing, AI and machine learning to boost the digital capability and offer robust solutions to its customers

The best software products of Microsoft include Edge web browsers, Internet Explorer, Microsoft Office Suite and Microsoft Windows class of operating systems and some of the important hardware products include Microsoft Surface and Xbox video game consoles.

Microsoft is a strong believer in acquisitions and has added LinkedIn in 2016 and Skype Technologies in 2011 to its portfolio.

5. Dell Technologies

• Revenue: $102.3 billion (2023)
• Market Cap: $38.81 billion (2023)
• Market value: $61.8 billion
• Brand Value: $19 billion with a change of +5.5%
• Employees: 133,000
• Origin Country: United States of America
• Founder: Michael Dell
• Founded: 7th September 2016
• Headquarters: One Dell Way, Texas, US

Dell Technologies Inc. is one of the leading software development and IT companies with an estimated 10+ million clients across the globe. It is a fact that 99% of its partners and customers belong to the Fortune 500 companies. Dell Technologies was formed as a result of the merger between Dell Inc. and EMC Corporation in September 2016.

The company operates in 180 countries through three important divisions Dell Client Solutions Group, Dell EMC Infrastructure and Solutions Group.

Dell Technologies is associated with the information technology industry and deals in cloud computing, computer software and computer hardware.

Its key product portfolio includes information security, end-to-end solutions, IT infrastructure, data centres, network security, virtual reality, computer security, computer software, SAN storage, NAS storage, personal computer, television, smartphones and servers.

6. IBM

• Revenue: $60.525B ( twelve months ending June 30, 2023)
• Market Cap: $130.68 billion (July 2023)
• Market value: $123.02 billion
• Brand Value: $131.35B (August 2023)
• Employees: 345,000
• Origin Country: United States of America
• Founder: Charles Ranlett Flint
• Founded: 16th June 1911
• Headquarters: Armonk, New York, U.S.

With operations through 300 offices in 171 countries and 130 acquisitions and mergers to its name, IBM (International Business Machines) or the Big Blue as it is fondly called is the sixth-highest revenue grosser in the list of top 20 IT companies in the world.

The research organization of IBM is the record holder of annual patents in the U.S. 80% of the retail companies and 97% of the banks use the IBM services

IBM is associated with computer software, middleware, computer hardware, IT infrastructure, IoT, cognitive software, blockchain solutions to develop cryptocurrency exchange, data analytics and cloud computing industry.

IBM also offers both hosting and consulting services in nanotechnology and mainframe computers along with system integration and project management solutions

Inventions associated with the leading information technology company IBM include ATM, relational database, UPC barcode, hard disk drive, floppy disk, SQL programming language and magnetic stripe card

7. Facebook Inc.

• Revenue: $31,999 million (Q2 2023)
• Market Cap: $900 billion
• Market value: $937.6 billion
• Brand Value: $184 billion with a change of +25%
• Employees: 77,879
• Origin Country: United States of America
• Founders: Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, Andrew McCollum and Eduardo Saverin
• Founded: 4th February 2004
• Headquarters: Menlo Park, California, U.S.

Facebook Inc. is a part of the Big Five tech companies in the U.S. and one of the leading information technology companies in the world. It is a strong believer in acquisitions and has added Instagram in 2012 and Oculus and WhatsApp in 2014 along with services like Mapillary and Giphy to its portfolio.

Facebook Inc is one of the most valuable companies around the world and generates revenues through advertisement placements.

Best products and services of Facebook include Workplace, Novi, Facebook Watch, Facebook Messenger and Facebook Portal.

8. Cisco Systems Inc.

• Revenue: $14.571B ( April 30, 2023)
• Market Cap: $212.07B (July 31, 2023)
• Market value: $271.6 billion
• Brand Value: $28 billion with a change of +8.3%
• Employees: 26,000
• Origin Country: United States of America
• Founders: Leonard Bosack and Sandy Lerner
• Founded: 1984
• Headquarters: San Jose, California, U.S.

Cisco Systems, Inc. is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California.

The tech giant manufactures, sells and develops telecommunications equipment and networking hardware and software to its user-friendly clients.

Cisco Systems is one of the IT companies in the world-renowned for networking equipment like routers and switchers. The IT and software company has also put its onus on innovative software like cyber security, Internet of Everything or IoT, cloud computing, analysis and data centres

9. Accenture

• Revenue: $16.565B (May 2023)
• Market Cap: $202.44 billion (August 1, 2023)
• Market value: $183.7 billion
• Brand Value: USD 39.9 billion
• Employees: 721,000
• Origin Country: Ireland
• Founded: 1989
• Headquarters: Dublin, Ireland

Accenture is a leading global professional services company based in Dublin, Ireland. It specializes in information technology (IT) services and consulting.

Accenture is one of the largest user-friendly marketing companies in the world offering products and services like operations services, IT and engineering solutions, strategy, process and business consulting, cloud transition offerings, productivity solutions and advanced security.

The company has dedicated labs for emerging technologies and has also recently forayed into quantum computing

Accenture is one of the companies that is mentioned repeatedly in the list of Fortune 500 companies. Accenture operates in more than 200 cities across 49 countries. It has a global network of offices and operations

The global management consultancy company has an extensive and high-profile client base in this industry that includes 120 countries with 91 customers on the list of Fortune Global 100 and nearly 75 on Fortune Global 500. Some of the top guns as clients are SAP, Oracle and Microsoft.

10. Oracle

• Revenue:$50.0 billion (2023)
• Market Cap: $320.03 billion (August 2023)
• Market value: $203.8 billion
• Brand Value: $322.16B
• Employees: 164,000
• Origin Country: United States of America
• Founders: Larry Ellison, Ed Oates, Bob Miner
• Founded: 16th June 1977
• Headquarters: Austin, Texas, U.S.

With more than 400,000 customers spread across 175 countries and 16,000 patents to its name, Oracle is considered one of the largest software companies and IT companies in the world.

In 2020 Oracle was placed in the second position as the largest software company in the world based on market capitalization and revenues

The international IT Company has put its focus on manufacturing, marketing and designing of enterprise software products like database management systems, integrated cloud platforms, analytical tools with IoT, AI, machine learning and blockchain, cloud engineered systems, intelligent cloud applications, hardware products, human interface technologies and database software and technology.

It also offers various services like business software, consulting and applications.

Oracle develops tools for ERP (Enterprise Resource Planning) software, database development and systems of middle-tier software, CRM (Customer Relationship Management), HCM (Human Capital Management) software, SCM (Supply Chain Management) software and EPM (Enterprise Performance Management) software.

11. Fujitsu

• Revenue: $27.482 billion (fiscal year ending March 31, 2023)
• Market Cap: $24.17 billion (August 2023)
• Market value: $35.5 billion
• Employees: 124,216
• Origin Country: Japan
• Found: 20th June 1935
• Headquarters: Tokyo, Japan

Fujitsu is named as a Global 500 company and also as one of the most admired companies of the world by Fortune Magazine. It is the largest IT service provider in its country of origin and one of the biggest software companies in the world. Fujitsu is the world’s sixth-largest IT services provider by annual revenue, and the largest in Japan.

With operations in 70 countries, product availability in 180 countries and a client base in 100 countries Fujitsu has managed to enter into meaningful partnerships with high-profile tech companies like Siemens and Microsoft.

Fujitsu is associated with the information technology industry and deals in IT services, computer software and consulting. Hardware offerings of the firm include enterprise computing products and mainframe compatible server products along with a diversified range in fields like microelectronics, telecommunications and data storage.

12. Tech Data

• Revenue: $45.6 billion
• Market Cap: $10 billion
• Employees: 16,200
• Origin Country: United States of America
• Founder: Edward C Raymund
• Found: 1974
• Headquarters: Florida, U.S.

Tech Data belongs to the IT consulting, computer software and technology industry and is often described as a vendor rather than a software developer in the IT world. Currently, it is one of the largest distributors in the world of IT products generating billions in net sales

Tech Data is one of the most trusted IT and software development companies in the world with 22,000+ IT resellers as its clients that include renowned names like IBM, Samsung, Dell, Cisco and Google.

Tech Data offers value-added services, logistics capabilities and a wide variety of product lines to technology resellers and manufacturers so that it becomes easy for them to use IT solutions

13. SAP

• Revenue: $8.237 billion (quarter ending June 30, 2023)
• Market Cap: $159.58 billion (July 2023)
• Market value: $171.1 billion
• Brand Value: $63 billion
• Employees:  111,961
• Origin Country: Germany
• Found: 1972
• Headquarters: Walldorf, Baden-Wurttemberg, Germany

SAP is one of the leading information technology and software companies around the world with offices in 130+ countries, 100+ innovation centres and 400,000 clients in 180 countries.

SAP has the distinction of being the largest German firm by market cap and the third-largest public software company in the world

The multinational corporation SAP is a major developer of enterprise software and application software that manage customer relations and business operations. Key products and services of the IT and software company include machine learning, software development, cloud computing, cloud solutions and software solutions.

SAP was the first company that developed ERP solutions for the supply chain as well as logistics management. Its solutions are useful in several business fields like engineering, web marketing, human resources and finance

14. HP (Hewlett Packard) Enterprise

• Revenue:  $7.0 billion (Q2, 2023)
• Market Cap: $22.48 billion (August 2023)
• Employees: 60,200
• Origin Country: USA
• Founders: David Packard and Bill Hewlett
• Founded: Original company in 1939 and the new company after the split in 2015
• Headquarters: Palo Alto, California, U.S.

Hewlett Packard or HP Enterprise is a multinational company associated with the IT industry with a focus on business consulting and financial services.

It deals in blockchain, SaaS, computer networking, data storage and services, AI, IoT, cloud computing, data centres, workplace applications and computer software

The client list of Hewlett Packard or HP Enterprise includes big, small and medium enterprises, health companies, educational institutions and government agencies.

The financial division offers investment solutions and the corporate investment segment deals in business development.

15. Synnex

• Revenue: $60.79 billion (2023)
• Market Cap: $9.13 billion (July 2023)
• Market value: $5.22 billion
• Employees: 23,500
• Origin Country: USA
• Founder: Robert T Huang
• Founded: 1980
• Headquarters: Fremont, California, U.S.

Synnex Corporation is a renowned multinational company offering B2B consulting and information technology services. It has operations in 25 countries and an extensive clients list of 20,000 global brands like Hewlett Packard Enterprise, Lenovo, Microsoft, Asus and Google

It is more of a business process outsourcing company that connects technology-related buyers with sellers and provides after-sale services. SYNNEX distributes more than 40,000 technology products from more than 500 of the world’s leading and emerging manufacturers and provides complete solutions to more than 25,000 resellers and retail customers in the U.S., Canada, and Japan.

Synnex is a supply chain services company that offers services to resellers, software publishers and original equipment manufacturers.

It deals in digital marketing services like web-based marketing, database analysis, direct mail, external advertising and telemarketing

16. NTT Data

• Revenue: BEUR 1.42 (March 2023)
• Market Cap: $19.40 billion (August 2023)
• Market value: $20.2 billion
• Employees: 141,000
• Origin Country: Japan
• Founded: 1978
• Headquarters: Toyosu, Tokyo, Japan

NTT Data is one of the top IT companies in the world associated with consulting and IT services industry.

It was the first of its kind in Japan to get a BS 7799 certification in 2002 and was ranked at 8th position in Consulting Magazine’s Best Firms to Work For.

In Japan, NTT Data offers services through joint ventures like NTT Data-Sanyo Electric and outside Japan through offices or wholly-owned subsidiaries

Products and services of NTT Data include sponsored software (TOMOYO Linux) and Ticketing System.

17. Tata Consulting Services or TCS

• Revenue: crossed $7 billion (Q3, 2023)
• Market Cap: $153.56 billion (June 2023)
• Market value: $160.6 billion
• Employees: 614,795
• Origin Country: India
• Founded: 1968 in India
• Parent Company: Tata Sons
• Headquarters: Mumbai, Maharashtra, India

TCS or Tata Consultancy Services is one of the top 20 IT companies in the world associated with the IT consulting and services industry. It is the second-largest company in India by market cap and has operations in 150 locations spread across 46 countries.

TCS’s client list belongs to sectors like retail, healthcare, manufacturing, insurance, consumer goods and distribution and banking and financials.

TCS has been partnering with many of the world’s largest businesses for the past 50 years. It takes a long-term view, building relationships that endure, leading to mutual growth and sustainable outcomes

TCS deals in several domains like software development, consulting, business process outsourcing and infrastructure support. It has forayed into the latest technologies like machine learning, the internet of things, AI, cyber security and cloud computing

18. DXC Technology

• Revenue: $3.59 billion (Q4, 2023)
• Market Cap: $5.82 billion (August 2023)
• Market value: $7.46 billion
• Employees:  130,000
• Origin Country: USA
• Founded: 2017
• Headquarters: Tysons, Virginia, U.S.

DXC Technology is a top IT company that offers B2B consulting and information technology services. The company was created by merging CSC and HPE, two of the top IT companies in the world.

DXC Technology partners with companies to engineer performance-driven technology solutions. It has over 240 customers in the Fortune 500 and has worked with companies such as Nissan and Lockton UK. DXC Technology also has a Global AI Practice Director who discusses the importance of tying AI initiatives to enterprise business and data strategies. Additionally, the company provides cloud-based solutions such as DXC Assure Broking to streamline operations.

DXC Technologies deals in analytics, BPOs, security, apps, engineering, IT outsourcing and cloud solutions.

It boasts of operations in 70 countries and is a leader in its field because of its acquisition policy that has helped to acquire companies like Luxsoft and Tribridge. DXC Technology has a LinkedIn page with over 1.9 million followers.

19. Salesforce

• Revenue: $31.35 billion (2023)
• Market Cap: $218.43 billion (August 2023)
• Market value: $254.1 billion
• Brand Value: $35 billion with a change of +16.7%
• Employees: 79,390
• Origin Country: USA
• Founded: 1999
• Headquarters: San Francisco, California, U.S.

Salesforce, Inc. is a cloud-based software company headquartered in San Francisco, California. Salesforce’s products include several customer relationship management (CRM) technologies, including Sales Cloud, Service Cloud, Marketing Cloud, and Commerce Cloud and Platform. Salesforce Platform (formerly known as Force.com) is a platform as a service (PaaS) that allows developers to create add-on applications that integrate into the main Salesforce.com application

Salesforce has taken a multi-cloud and multi-vendor approach towards its clients.

It offers CRM or customer relationship management service along with an enterprise applications complementary suite that puts the onus on application development, analytics, marketing automation and customer service.

Products of Salesforce include Community Cloud, Commerce Cloud, Marketing Cloud, Service Cloud, Sales Cloud and its services include cloud computing.

20. Cognizant

• Revenue:  $4.812B (quarter ending March 31, 2023)
• Market Cap: $33.51B (August 01, 2023)
• Market value: $46.8 billion
• Employees: 355,300
• Origin Country: USA
• Founders: Kumar Mahadeva and Francisco D’Souza
• Founded: 1994
• Headquarters: Teaneck, New Jersey, U.S.

Cognizant is an American multinational information technology services and consulting company. Cognizant has adopted a global delivery model that is dependent upon offshore outsourcing and offshore software R&D. It is one of the leading IT services, consulting and digital companies in the world offering digital IT services, information security and digital products as part of its offerings.

The product portfolio of Cognizant includes data warehousing, business intelligence, customer relationship management, enterprise resource planning and research, supply chain management and development outsourcing solutions.

21. Baidu

• Revenue: $17.984 billion (twelve months ending March 31, 2023)
• Market Cap: $54.92 billion (August 2023)
• Employees: 41,300
• Origin Country: China
• Founded: 2000
• Headquarters: Beijing, China
• Industry: Internet

22. Capgemini

• Revenue: €11,426 million (first half of 2023)
• Market Cap: $32.14 billion (August)
• Employees: 357,000 
• Origin Country: France
• Founded: 1967
• Headquarters: Paris, France
• Industry: IT Services and IT Consulting

23. Atos

• Revenue: €2,806 million (Q1, 2023)
• Market Cap: $1.10 billion (July 2023)
• Employees: 110,000 
• Origin Country: France
• Founded: 1981
• Headquarters: Bezons, France
• Industry: IT Services and IT Consulting

24. Infosys

• Revenue: $18.21B (fiscal year ending March 31, 2023)
• Market Cap: $72.27 billion (August 2023)
• Employees: 3,43,234
• Origin Country: India
• Founded: 1981
• Headquarters: Bengaluru, Karnataka, India
• Industry: IT Services and IT Consulting

Conclusion

The IT companies are one of the most important driving forces behind the world economies as well as industries.

The zeal to accept, adapt, evolve and innovate has helped this industry in coming up with some of the most amazing products and services the world has ever seen. The top 20 IT companies have shown the world how to tackle adverse conditions with aplomb and make merry along the way.

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