Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. A Technology is the application of scientific knowledge for practical purposes, especially in industry. Information technology (IT) is the use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. Now a days IT has been well organize as one of the major urging forces in the modern economy. IT has changed our daily life over past decades. This is the list of Top 10 IT companies in the world in the year 2020
1.Microsoft
Microsoft Corporation founded by Bill Gates and Paul Allen in 4th, April 1975. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Microsoft Corporation, leading developer of personal-computer software systems and applications. The company also produces its own line of hybrid tablet computers, publishes books and multimedia titles, and sells electronic game systems, offers e-mail services, and computer peripherals. 170 countries and are made up of 144,000 passionate employees dedicated to fulfilling the mission of Microsoft organization. Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. Their revenues for 1975 totalled $16,000. It was the first software company to reach $1 Billion in revenues in 1990. Now worth an estimated market value of Microsoft is $789.25 billion.
Microsoft Corporation chairman Bill Gates introduces the Windows XP operating system at a press conference in 2001. Microsoft is one of the world’s leading technology companies with products that include the Windows operating system, Office productivity applications, and Azure cloud services. LinkedIn, its business-oriented social network, is used by millions to make connections. Outside the office, Microsoft’s Xbox gaming system is second only to Sony’s PlayStation. At Microsoft, our mission is to empower every person and every organization on the planet to achieve more. Personal computers become so popular. Microsoft made a program that was compatible with IBM computers. In 1991 Tim Berners Less came up with the World Wide Web as internet we know it. The first laptop computer ‘the Power Book 100’came out. In 1996 Nokia introduced a phone that had internet capabilities. This started a revolution of devices that were small portable computers.
2.IBM
IBM, stands for International Business Machine, is the largest IT Company with over 405,000 employees working in over 170 countries around the world. It is multinational technology company headquartered in Armonk, New York. It is began in the year 1911. IBM provides two major IT solutions – Global Technology Services (GTS) and the Global Business Services (GBS). GTS enclosed the infrastructure support, product maintenance, and the process outsourcing, whereas GBS control consulting, application management services and the systems integration. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
Today around 97% of Banks all over the world are depend on IBM services and composing it the largest host of online transactions. The automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card are invented by IBM. IBM has stepped into cloud computing with ‘IBM Cloud’ as a leading platform for the enterprise. IBM’s total revenue for the year 2018 was $79.1 billion and $77.1 billion was the revenue for the year 2019. Revenues for the full year 2020 is $73.6 billion. The year 1953 saw the development of IBM’s 701 EDPM, which, according to IBM, was the first commercially successful general-purpose computer.
3.Oracle
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment provides hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware related software, and related hardware support. The Services segment offers consulting, advanced support, and education services. Oracle Corporation is an US based multinational information technology company, headquarter is in Redwood Shores, California.
Oracle is an expert in developing and creating database software technology, cloud systems and enterprise software application, and database management systems. The company sells enterprise software products particularly its own brands of database management systems. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software. Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under the name Software Development Laboratories (SDL). SDL changed its name to Relational Software, Inc (RSI) in 1979, then again to Oracle Systems Corporation in 1983. In 1995, Oracle Systems Corporation changed its name to Oracle Corporation. Oracle is ranked in 3rd position in this list of Top 10 IT companies in the world 2020.
4.Accenture
Accenture (formerly known as Andersen Consulting) is a provider of strategy, consulting, interactive, technology, and operations services with digital capabilities. The company operates in five segments: Communications, Media & Technology, Financial Services, Health & Public Service, Products, and Resources. The Communications, Media & Technology segment helps communications, media, high tech, and software and platform companies accelerate and deliver digital transformation. The Financial Services segment serves the banking, capital markets, and insurance industries. The Health & Public Service segment offers consulting services and digital solutions to healthcare payers and providers, as well as government departments and agencies, public service organizations, educational institutions, and non-profit organizations. The Products segment delivers distribution, sales and marketing, research and development, manufacturing, finance, human resources, procurement, and supply chain digital solutions. The Resources segment helps organizations to develop and execute strategies, improve operations, manage change initiatives, and integrate digital technologies.
Accenture, a global professional services company with 482,000 people in more than 120 countries. It has been incorporated in Dublin, Ireland since 2009. Accenture plc is an Irish multinational company selling consulting and processing services. A Fortune Global 500 company, it reported revenues of $44.33 billion in 2020 and had 506,000 employees. In 2015, the company had about 150,000 employees in India, 48,000 in the US, and 50,000 in the Philippines. Accenture works at the intersection of business and technology to help clients improve performance and create sustainable value for stakeholders. Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s. The company’s Accenture Innovation Architecture brings together Accenture Research to identify market and technology trends, Accenture Ventures to invest in growth-stage companies. On 1 February 2021, Accenture acquired Imaginea Technologies, a cloud-native and agile development company. This acquisition also bolsters the Accenture Cloud First division.
5.HP Enterprise
The Hewlett Packard Enterprise Company (HPE) is an American multinational enterprise information technology company based in Houston, Texas, United States. The Headquarter is in Palo Alto, California. Founded on November 1, 2015 in San Jose, California, as part of the splitting of the Hewlett-Packard company. Hewlett Packard Enterprise is the world’s leading IT firm that offers IT Service & Enterprise products and solutions. From fixing equipment to retrieving critical business data, HP Services has covered around the globe, 24/7. Discover the many ways IT and device services can help protect investments, solve business challenges, and keep focused on reinventing business. Harness HP Print Managed Service better manage costs, increase uptime and enhance security across environment. Secure print network, fleet data and document infrastructure with innovative solutions.
In 1939, Bill Hewlett and Dave Packard, college friends turned business partners, started the original Silicon Valley startup in the space of a rented Palo Alto garage. Starting with audio oscillators, the friends built the foundation for a company that would grow to become a global leader in enterprise technology. It includes Enterprise Storage, Servers, and Networking (ESSN), HP Enterprise Services, and HP Software Division. HPE is a business-focused organization with two divisions: Enterprise Group, which works in servers, storage, networking, consulting and support, and Financial Services. HPE reported FY2019 annual revenue of $29.135 billion. HP produce and sells hardware devices and software related services to consumers. It also provides SAAS (software as a service), cloud computing, business consulting, support etc.
6.SAP
SAP SE is a German multinational IT company, SAP is specialized in enterprise software service for business operation management and customer relation management. The headquarter of SAP SE is located in Walldorf, Germany and offices over 180 countries. SAP SE is one of the biggest tech companies in the world with 335,000 customers in worldwide. SAP renowned for solving various business issues across all industries. SAP retain its position among the top 10 IT companies in the world for strong performance in the market. The company is especially known for its ERP(Enterprise Resource Planning) software. ERP permitted the use of a centralized data storage, improving the maintenance of data. So a database was necessary. SAP is the largest non-American software company by revenue as well as the world’s third-largest publicly-traded software company by revenue.
In June 1972, they founded the SAP “System Analysis and Program Development” company, as a private partnership under the German Civil Code. Their first client was the German branch of Imperial Chemical Industries in Ostringen. In 2014 SAP bought Concur Technologies, a provider of cloud-based travel and expense management software, for $8.3 billion. In 2014, IBM and SAP began a partnership to sell cloud-based services. Likewise, in 2015, SAP also partnered with HPE to provide secure hybrid cloud-based services running the SAP platform. The company announced plans in 2016 to invest heavily into technology relating to Internet of Things (IoT) as part of a strategy to capitalize on the growth in that market. For that purpose, €2 billion is planned for investment in relevant sectors by the end of 2020. The automation of the financial software that lies at the heart of any business & accountancy, budget management, general ledger. SAP has announced full-year financial results indicating a 1% drop in revenue to €27.338bn, with cloud revenue up 17% to €8.085bn.
7.TCS
Tata Consultancy Services Limited (TCS) is an Indian-based multinational information technology (IT) service, business solutions and consulting company over 46 counties, headquartered in Mumbai, India. Tata Consultancy Services Limited, initially started as “Tata Computer Systems” was founded in 1968 by division of Tata Sons Limited. Its early contracts included punched card services to sister company TISCO. In 2005, TCS became the first India based IT services company to enter the bioinformatics market. It designed an ERP system in 2006. By 2008, its e-business activities were generating over US$500 million in annual revenues. With cloud based offerings TCS entered the small and medium enterprises market for the first time in 2011. It has its largest workforce based in Chennai, Tamil Nadu, India. TCS became the first Indian IT company to reach $100 billion in market capitalization. In 2016–2017, Parent company Tata Sons owned 72.05% of TCS; and more than 70% of Tata Sons’ dividends were generated by TCS. TCS also serves for some of the important department of Indian Govt. like PS (Pass Seva- India) and so many. TCS is also a leading recruiter in India. In 1980, TCS established India’s first dedicated software research and development centre, the Tata Research Development and Design Centre (TRDDC) in Pune.
In April 2018, TCS became the first Indian IT company to reach $100 billion in market capitalization, and second Indian company ever after its market capitalization stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange. On 8 October 2020, TCS surpassed Accenture in market capitalization to become the world’s most-valuable IT company with a market cap of $144.73 billion. On 8 October 2020, TCS surpassed Accenture in market capitalization to become the world’s most-valuable IT company with a market cap of $144.73 billion.. TCS and its 67 subsidiaries provides a wide range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services.
- Capgemini
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. Specialities of Capgemini are Outsourcing, Process Consulting, Package Based Solutions, Custom Solution Development, Application Management, Business Information Management, Artificial Intelligence, Business Consulting, Cloud, Digital, and Managed Services. Capgemini SE is a French multinational IT Company specialized in IT Services and business consulting services. The headquartered in Paris, France. It is one of the world’s largest IT Company with the strength over 270,000 employees in over 50 countries. Among 270,000 employees nearly 120,000 are in India. Capgemini was founded by Serge Kampf in 1967 as an enterprise management and data processing company.
In 1974 Sogeti acquired Gemini Computers Systems, a US company based in New York. In 1975, having made two major acquisitions of CAP (Centre d’Analyse et de Programmation) and Gemini Computer Systems, and following resolution of a dispute with the similarly-named CAP UK over the international use of the name ‘CAP’, Sogeti renamed itself as CAP Gemini Sogeti. Cap Gemini Sogeti launched US operations in 1981. The name was simplified to Cap Gemini with a new group logo in 1996. Sogeti is a wholly owned subsidiary of Capgemini Group. In 2017, Cap Gemini S.A. became Capgemini SE, and its Euronext ticker name similarly changed from CAP GEMINI to CAPGEMINI. With its strong 50 year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of €16 billion.
9.Cognizant
Cognizant provides information technology, information security, consulting, ITO and BPO services. These include business & technology consulting, systems integration, application development & maintenance, IT infrastructure services, Artificial Intelligence, Digital Engineering, analytics, business intelligence, data warehousing, customer relationship management, supply chain management, engineering & manufacturing solutions, enterprise resource planning, research and development outsourcing, and testing solutions. Cognizant has three areas which makes up their business Digital Business, Digital Operations, and Digital Systems & Technology. Like many other IT services firms, Cognizant follows a global delivery model based on offshore software R&D and offshore outsourcing. The company has a number of offshore development centers outside the United States and near-shore centers in the U.S., Europe and South America. Cognizant is an American (US) based multinational company which was headquartered in Teaneck, New Jersey, USA. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996. Cognizant had a period of fast growth during the 2000s.
Cognizant began as Dun & Bradstreet Software (DBSS), established as Dun & Bradstreet’s in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses. In 1996, Dun & Bradstreet spun off several of its subsidiaries, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in Chennai, India. In 1998, the parent company, Cognizant Corporation, split into two companies: IMS Health and Nielsen Media Research. On 30 June 2015, it partnered with Singapore-based supermarket retailer NTUC FairPrice to perform digital transformation in NTUC’s business to improve personalized and consistent customer service across multiple channels. In April 2018, Cognizant and a consortium of Indian life insurers announced their development of a block chain solution aimed at increasing efficiency through facilitating cross-company data sharing. The company has 281,200 employees globally, of which over 150,000 are in India across 10 locations. other centers of the company are in Bangalore, Chennai, Coimbatore, Gurgaon, Noida, Hyderabad, Kochi, Kolkata, Mangalore, Mumbai, and Pune. The company has local, regional, and global delivery centers in the UK, Hungary, The Netherlands, Spain, China, Philippines, Canada, Brazil, Argentina, Mexico etc.
10.Infosys
Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains. Infosys had a total of 243,454 employees at the end of December 2019. One of its known products is Finacle which is a universal banking solution with various modules for retail and corporate banking. Infosys was established by seven engineers in Pune, Maharashtra, India in 2nd July 1981 with an initial capital of $250. In April 1992 it changed it’s name to Infosys Technologies Private Limited . In June 1992 the company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company. In June 2011 it was later renamed to Infosys Limited. Infosys Limited is an Indian multinational reputed IT company that provides business consulting, IT and outsourcing services. It’s headquarters is in Bengaluru, Karnataka, India. Infosys is the second largest IT company in India and one of the top 10 largest IT companies in the world in terms of revenue and market reputation.
It provides software development, and independent validation services to industries in finance, insurance, manufacturing and other domains. Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017. On 31 December 2020, its market capitalization was $71.92 billion. In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson, being the 18th international office in the United States. In 2012, the development will include more than 120 acres. In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains. Infosys has 82 sales and marketing offices and 123 development centres across the world as of 31 March 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe. In 2019, 60%, 24%, and 3% of its revenues were derived from projects in North America, Europe, and India, respectively. The remaining 13% of revenues were derived from the rest of the world.
