Insider Monkey

100 Biggest Technology Companies in the World

Daniyal Jawaid
17 min read

In This Article:

In this article, we will look at 100 Biggest Technology Companies. If you want to skip our detailed analysis of the largest technology companies, head over to 20 Biggest Tech Companies. 

Technology provides scientific solutions for human aims. The technological revolution after the World War 2 has continued its momentum as most of the largest companies in the world today are technology companies. One of the reasons behind their massive success is the fact that tech has made its way into our daily lives. It has facilitated human communication, provided faster commutes, and helped save time and effort. In addition, technology has helped businesses increase their production and lower input costs. It has also played a vital role in the healthcare sector, which continues to improve and make lives healthier, happier, and longer.

The tech industry, however, is grappling with macroeconomic uncertainties. It faces issues revolving around the supply chain problems and increasing interest rates. These issues are caused by the pandemic-induced chip shortage, which has affected 169 industries, and the ensuing inflationary period. Tech stocks outperformed during the pandemic pressures of 2020-2021, but there were major declines in 2022. However, between 2022 and 2023, the global IT industry experienced a compound annual growth rate of 8.2%. 

Current macroeconomic conditions throughout the world, however, may stall the tech industry’s growth. It faces a significant challenge in navigating a potential economic slowdown. This will result in trimming costs and increasing efficiency. Alphabet Inc. (NASDAQ: GOOG), already reduced its workforce by approximately 12,000 employees earlier this year. With the decreasing spending power of consumers, tech companies are also looking to extend their reach to other businesses. These companies are aiming to support digital transformation and innovation in industries throughout the world. 

Whether the tech industry will successfully navigate its upcoming challenges remain to be seen. However, given our dependence on technology, most experts stay optimistic about the future. The good news for tech investors is that despite expense cuts, the stock prices of top tech companies have shown a positive trend so far this year.

Microsoft (NASDAQ: MSFT) opened the year with a stock price of $239.58, which reached $316.48 on August 18th, 2023. Apple (NASDAQ: APPL)’s stock price at the start of this year was $126.36, which is at $174.49 on August 18th, 2023. Similarly, Amazon opened the year at $85.82 in stock price, which is now at $133.22 on August 18th, 2022. Alphabet, Inc (NASDAQ: GOOG) and Nvidia Corp (NASDAQ: NVDA) also showed an increase in stock price, with the latter’s stock price more than tripling in eight months. 

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