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Although in general global economic growth has stalled somewhat with the onset of COVID-19, technological advances continue to move up as demand for innovative digital infrastructure for almost every business sector.
According to the International Data Corporation (IDC), the projected value of technology industry revenue could exceed USD 5.3 trillion by the end of 2022. This is very likely to happen with the performance of the ten largest companies, each of which is engaged in a particular market.
This ranking list emphasizes the revenue side of each company rather than the metrics of measuring a company's influence in the market, or the research activities they undertake. Here are the 10 Biggest Technology Companies in the World in 2022!
According to CompaniesMarketCap, Samsung Electronics is currently worth a market capitalization of $262 billion. Samsung held 27% of the North American smartphone market share and generated a revenue of $244.2 billion. The company also ranked #1 on Forbes' World's Best Employers list in 2021 and #14 on Forbes' Global 2000 list in 2022.
Part of this is attributed to sluggish demand for dynamic random-access memory (DRAM), a significant Samsung industry. TrendForce, meanwhile, still ranks Samsung as the world’s leader in the DRAM market for 2021.
Samsung is divided into three thriving technological divisions: Consumer Electronics, Information Technology & Mobile Communications, and Device Solutions. Established in 1938 before merging with Sanyo in 1969, Samsung currently employs roughly 287,500 people.
Founded in 1993 with the vision to create the 'next version' of graphics processing units (GPUs), Santa Clara-based NVIDIA is regarded as a 'fabless' manufacturer. This means while design and marketing would be their specialization, actual fabrication of the chips was outsourced elsewhere.
With annual revenue of roughly $30 billion, NVIDIA is currently worth $288.5 billion. A leading brand in semiconductors, consumer electronics, video games, and computer hardware, the tech company really took off after partnering with Microsoft to manufacture graphic cards for the Xbox gaming console in the early 2000s.
Nowadays, NVIDIA is a prominent player in creating the fastest GPUs made for PCs, mobile devices, gaming systems, smart home gadgets, and the like. In 2018, the company began developing AI computing systems for fully-automated vehicles, which could rival Tesla in the future through its groundbreaking NVIDIA DRIVE platform.
Established in 1998, Chinese tech giant Tencent Holdings has become one of the biggest multimedia conglomerates in the world in a relatively short amount of time.
Aside from owning such titanic gaming brands as Fortnite and League Of Legends, the company is also invested in search engines, web portals, AI tech, and e-commerce. As such, the company generates annual revenue of $87 billion and is currently worth $312.4 billion.
Most recently, Tencent acquired exclusive rights to distribute such iconic movie franchises as Star Wars and James Bond in China, which is sure to hike their overall market cap in the future. In the meantime, the tech giant's online services generate 1 billion daily users.
Founded in 1987, Taiwan Semiconductor Manufacturing (TSMC) was one of the first global tech companies to focus solely on semiconductor computer chips.
Nowadays, the company's products are used in consumer electronics, computer communication, automotive equipment, and industrial services. With its high-quality specialization, TSMC earns roughly $66 billion annually and is currently evaluated at $328.4 billion.
With roughly 57,000 employees, TSMC has forged successful partnerships with fellow tech companies NVIDIA, Intel, Qualcomm, Texas Instruments, and especially Apple, which uses its semiconductor chips in various bestselling products. Between Samsung and TSMC, Taiwan is currently one of the biggest boons for the tech industry.
Formerly known as Facebook, Meta Platforms is the largest social network on the planet. Used by billions of people globally, the tech giant has recently been leading the charge into the virtual Metaverse, where AI technology continues to advance by the day. With $120 billion earned annually, Meta Platforms is currently evaluated at $341.5 billion.
With roughly 72,000 employees, Meta Platforms earns a large portion of its annual revenue through digital advertising, but its acquisitions of Instagram, WhatsApp, and Oculus VR in the past decade or so have really catapulted the tech giant into rarified air.
Some of the company's more popular platforms have evolved into widespread cultural phenomena; Facebook, the world's most widely-used social media platform, boasts roughly 3 billion monthly users, while Instagram has roughly 1.2 billion. Meta Platforms generated nearly $118 billion in 2021, earned largely through advertising.
Despite Elon Musk being the richest tech CEO on the planet, Tesla is the fifth most valuable tech giant in 2022. Thanks to its cutting-edge technology in Tesla cars and electric vehicles, solar, and renewable green energy, Tesla earns roughly $54 billion annually and is currently worth $669.1 billion. It's Musk's other ventures, like SpaceX and Neuralink, that have really set him apart from the other visionary tech leaders.
Between its affordable eco-friendly EV business model and partnerships with Panasonic, Piedmont Lithium, and others, it's Musk's bold vision to help humanity transition away from fossil fuels that have made Tesla such a popular brand in 2022 and beyond. Expect more big things from Musk, Tesla, and his various business ventures in the future.
While Tesla still led last year’s EV market with a 14 percent share of global sales, Canalys observed how other EV makers such as Volkswagen (12 percent) and SAIC Motor (11 percent) have been closing the gap.
The biggest digital retailer on Earth, it's no surprise to see Amazon Inc. atop the most valuable tech companies in 2022. Thanks to its online shopping service, home delivery, Prime Video streaming services, and more, Amazon generates a whopping $478 billion per year and is currently worth $1.14 trillion. With consumer-friendly events like Amazon Prime Day Early Acess, it's easy to see why the company is so successful.
While many believe Amazon to be an online retailer and nothing more, the company has recently gotten involved with cloud computing, which accounts for a significant portion of its income. Most recently, CEO Jeff Bezos has been developing anti-aging tech to fight mortality, which is on par with some of Musk's lofty technological goals for the future of humanity.
It suffered a decline of 8.2 percent from its 2021 market cap, leading to Amazon’s first stock repurchase last month. Meta’s massive market plunge and Amazon’s price hike for its paid subscription service Amazon Prime likely helped buoy the company to post its highest stock price gain since 2015.
The parent company of Google, Alphabet Inc. owns the largest search engine in the world. Between its universal online presence and platforms such as YouTube, mobile smartphones like Google Pixel, and partnerships with Android OS, Nest, and a slew of automated smart home gadgets, it's no real shock to learn Alphabet earns $270 billion annually and is currently valued at $1.27 trillion.
Beyond its association with Google products, Alphabet Inc. also has ties with Google Ventures and Google Capital, which invests in smaller companies and expands their economic scope. Founded in 1993 by Larry Page and Sergey Brin, Alphabet owns at least 30 sub-companies and has its fingerprints across the entire tech sector in 2022.
While Google remains as the world’s most visited website, Alphabet’s market cap went down by 10 percent compared to 2021 figures. Nonetheless, the company’s recent move to split its stock 20-for-1 by July brightened up its prospects to outperform the market. The split essentially meant making individual shares more affordable and accessible.
Led by Bill Gates, Microsoft is the leading brand in software development and hardware manufacturing that revolutionized personal computing. Between its near-universal Windows operating system, high-quality software, hardware, cloud computing, and electronic devices like Surface Tablets, Microsoft earns roughly $193 billion per year and is currently evaluated at $1.68 trillion.
Beyond personal computing, Microsoft has branched out in the past two decades to explore artificial intelligence, machine learning, cloud storage, digital apps, games, business management tools, and a lot more. Microsoft also offers operating systems for phones, servers, smart devices, home gadgets, and the like.
This influential company generated $184.9 billion in revenue in 2021. In the same year, Forbes ranked Microsoft #3 on its list of World's Most Valuable Brands and #3 on its list of World's Best Employers.
Under the shrewd leadership of CEO Tim Cook, Apple is the most valuable tech company in 2022, and it isn't particularly close. The sheer size, scope, and global reach of the tech giant have led to annual revenue of $386 billion, with the company currently valued at a staggering $2.23 trillion.
Beyond the massive popularity of such revolutionary consumer electronics as the iPhone, iPod, and iPad, Apple's trustworthy reputation regarding consumer privacy has really set the company apart from its competitors and fostered a giant loyal fanbase that continues to support its latest products. Nowadays, thanks to Apple Watch, Apple TV, iPhone 14, Mac Pros, AirPods, and many more, it's easy to see why Apple reigns supreme in the tech sector in 2022.
Many of Apple's innovative products, like the iPhone, iPad, Mac, AirPods, and Apple TV, are leading fixtures in the tech market. As of 2022, Apple claimed 51% of the smartphone market share in North America. In 2021, Apple generated $294 billion in revenue.
While an optimistic technology sector has thus far weathered the economic impacts of the pandemic, it is not necessarily indicative of how long it could hold. Take for example the rising tensions in Ukraine, which may be another stress test for the world’s largest tech companies.
