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15 largest IT companies in the world

15 largest IT companies in the world

15 largest IT companies in the world

In this article, we will take a look at the 15 largest IT companies in the world. If you want to see the biggest IT companies in the world, go straight to 5 largest IT companies in the world,

According to market research firm Gartner, information technology or IT is “the general term for the entire spectrum of technologies for information processing, including software, hardware, communication technologies and related services.”

Given the growth in the computer, smartphone and internet industry over the past three decades, the IT sector is the largest sector in the market today. In terms of one of the most popular ETFs that track the S&P 500, the Vanguard S&P 500 ETF (VOO), the IT sector is the largest sector by ETF weight, accounting for 26.4% of the ETF as of 9/30/22. Is. , This compares to 15.1% in the healthcare sector and 11.7% in consumer discretionary for ETFs, which are the second and third most heavily weighted sectors.

There are also IT companies in many big companies of the world. For example, Microsoft makes software for computers to process information while Apple makes smartphone hardware and software.

IT Sector Growth

Over the past three decades, the IT sector has benefited from Moore’s Law and the emergence of the Internet. With Moore’s Law, semiconductors have become cheaper and smaller over time, allowing more people to buy computers and smartphones. With the emergence of the Internet, more websites/apps have reached the scale needed to produce useful services for people with computers and smartphones. With more services, the Internet, computers and smartphones become more useful.

Looking at the cycle, computer hardware companies have benefited from higher demand and computer software companies have benefited from more potential customers. Similarly, smartphone companies have sold a lot more smartphones and internet/app companies have benefited from having more potential users.

Although Moore’s law was only a law and is no longer possible due to physics, computers and smartphones are now cheap enough that most people in the world can afford them. With future economic growth, potential subsidies, and satellite Internet, it may be possible for anyone in the world to buy a computing device and connect to the Internet if they choose to, a decade or two from now.

Apart from having more users which can lead to greater growth in the IT sector, the sector can also benefit from the emergence of new technologies.

McKinsey writes, “The emergence of the cloud and 5G, for example, rapidly increases the compute power and network speeds that can enable greater innovation. Growth in the metaverse of augmented and virtual reality has led to the development of virtual through digital twins.” open the doors to R&D, for example, and immersive learning. Advancements in AI, machine learning, and Software 2.0 (machine-written code) bring a range of new services and products, from autonomous vehicles to connected homes, as well. within reach from.”

2022

Given the high inflation, the Federal Reserve raised interest rates six times in 2022 alone. As a result, the federal funds rate is now 3.75% to 4%, which many economists consider ‘restrictive’ which can slow economic growth.

Given that many analysts expect the US central bank to raise rates further, the likelihood of a recession has increased significantly.

Given the uncertainty, tech stocks have declined significantly and it may be a good idea for long-term investors to own a diversified portfolio of stocks in many different sectors.

15 largest IT companies in the world

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methodology

For our list of the 15 largest IT companies in the world, we took the 15 largest companies in the IT sector by market capitalization as 11/5 from the S&P 500.

15 largest IT companies in the world

15. Salesforce.com, Inc. (NYSE:CRM,

Market capitalization as of 11/5: $136.97 billion

Number of Hedge Fund Holders: 116

Salesforce.com, Inc. (NYSE: CRM) is a leading cloud company that provides an enterprise platform for IT. Salesforce.com, Inc. (NYSE:CRM) software, companies can potentially increase relationships with customers, and teams can work better with better team communication and productivity. Given the growth in the cloud over the past decade, salesforce.com, Inc. (NYSE:CRM) has become one of the largest IT companies in the world, with a market capitalization of about $137 billion as of 11/5.

14. Texas Instruments Incorporated (NASDAQ:TXN,

Market capitalization as of 11/5: $143.41 billion

Number of Hedge Fund Holders: 55

Texas Instruments Incorporated (NASDAQ:TXN) is one of the world’s leading semiconductor companies. Throughout its history, the company has helped the world transition from vacuum tubes to transistors to integrated circuits. For the foreseeable future, Texas Instruments Incorporated (NASDAQ:TXN) is focused on creating semiconductors for sectors such as the industrial and automotive markets that could help make electronics even more useful. Given its growth, Texas Instruments Incorporated (NASDAQ:TXN) ranks #14 on our list of the 15 largest IT companies in the world with a market capitalization of $143.41 billion.

13. Verizon Communications Inc. (NYSE:VZ,

Market capitalization as of 11/5: $150.21 billion

Number of Hedge Fund Holders: 58

Verizon Communications Inc. (NYSE:VZ) is a major telecommunications company in the United States. Verizon Communications Inc. (NYSE:VZ) cellphones and 5G service, millions of people access the Internet through the company’s network every day. In addition to wireless networks, Verizon Communications Inc. (NYSE:VZ) also provides broadband and fiber to help individuals and businesses connect and potentially become more productive. As of 11/5, Verizon Communications Inc. (NYSE:VZ) has a market capitalization of a little over $150 billion.

12. Accenture PLC (NYSE:ACN,

Market capitalization as per 11/5: $168.22 billion

Number of Hedge Fund Holders: 61

Accenture plc (NYSE:ACN) is a professional services company that provides strategy and consulting to the IT industry. Given its past growth, Accenture plc (NYSE:ACN) is one of the largest consulting firms in the world, with a market capitalization of over $168 billion as of 11/5 and serving clients in more than 120 countries. has 721,000 employees. For FY22, Accenture Plc (NYSE:ACN) also generated $61.6 billion in revenue and $10.71 in EPS.

11. T-Mobile US, Inc. (NYSE:TMUS,

11/5:173.82 billion market capitalization

Number of Hedge Fund Holders: 96

T-Mobile US, Inc. (NYSE: TMUS) is a leading telecommunications company in the United States that provides cell phone and Internet services to millions of Americans. For the third quarter of 2022, T-Mobile US, Inc. (NYSE: TMUS) had service revenue of $15.4 billion, up 4% year over year and free cash flow of $2.1 billion, up 32% year over year. Given its business, T-Mobile US, Inc. (NYSE:TMUS) has a market capitalization of $173.82 billion as of 11/5.

10. Cisco Systems, Inc. (NASDAQ:CSCO,

11/5: Market capitalization up to $177.91 billion

Number of Hedge Fund Holders: 63

Cisco Systems, Inc. (NASDAQ:CSCO) is a leading manufacturer of computer networking products, with a market capitalization of $177.91 billion as of 11/5. Given the large market size for computer networking equipment, Cisco Systems, Inc. (NASDAQ:CSCO) is a huge company. For fiscal year 2022, Cisco Systems, Inc. (NASDAQ:CSCO) reported revenue of $51.6 billion and adjusted EPS of $3.36, up 3% year over year and 4% year over year, respectively.

9. Broadcom Inc. (NASDAQ:average,

11/5: Market capitalization up to $190.2 billion

Number of Hedge Fund Holders: 66

Broadcom Inc. (NASDAQ:AVGO) is a major semiconductor manufacturer whose products are used for data centers, networking, and other IT sectors. The M&A has expanded significantly in the past due to Broadcom Inc. (NASDAQ:AVGO) being one of the most valuable semiconductor companies in the world with a market capitalization of $190.2 billion (11/5). Broadcom Inc. (NASDAQ:AVGO) is currently in the process of buying cloud computing company Vmware, pending regulatory approval, to help diversify its business.

8. Oracle Corporation (NASDAQ:orcl,

Market capitalization as of 11/5: $199.05 billion

Number of hedge fund holders: 69

Oracle Corporation (NASDAQ: ORCL) is a leading database and enterprise software company with a market capitalization of $199.05 billion as of 11/5. Over the past decade, Oracle Corporation (NASDAQ:ORCL) has tried to expand into the cloud market with M&A and the strategy has worked so far, noting that the company’s stock more than doubled from 10 years ago. Is. With more valuable stock, Oracle Corporation (NASDAQ:ORCL) could potentially make more acquisitions in the future that could expand its sales.

7. Meta Platform, Inc. (NASDAQ:meta,

Market capitalization as of 11/5: $240.9 billion

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ: META) is a major social media giant with nearly 3.71 billion monthly users across its portfolio of apps like Facebook, Instagram, and WhatsApp. In 2022, the shares of Meta Platform, Inc. (NASDAQ:META) has fallen 73% so far, given the company’s substantial spending on the metaverse. Even then, Meta Platforms, Inc. (NASDAQ:META) is still one of the largest companies in the world, with a market capitalization of $240.9 billion as of 11/5.

6. Nvidia Corporation (NASDAQ:NVDA,

11/5: Market capitalization up to $335.72 billion

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is a major semiconductor manufacturer of GPUs that outperform CPUs for some AI and machine learning processing. Given its growth potential, NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $335.72 billion as of 11/5. Barron Funds commented Feather NVIDIA Corporation (NASDAQ:NVDA) in its 2022 third quarter investor letter,

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor company and a leader in gaming and accelerated computing. NVIDIA is powering the evolution of AI from the data center to the edge. Shares fell due to inventory right sizing in NVIDIA’s gaming segment, along with a broader market sell-off in growth stocks. Given the size of these markets, as well as NVIDIA’s end-to-end AI platform and its leading market share in gaming, data center and autonomous machines, we are confident that the company can maintain its growth path.

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Disclosure: none. 15 largest IT companies in the world Originally published on Insider Monkey.



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