March 2018

IT companies are some of the largest companies in the world. This is due to the demand in IT technology. Most of the growth in these companies was seen after the internet. The internet played a large part in revitalizing many industries and creating new ones. The IT industry is also one of the most innovative industries. This is mainly due to the requirement of new technology as new technology can become obsolete in a few months’ time. Millions of dollars are spent on research and development to bring new products and services to the market and to retain the current customers.

The largest IT companies have begun quite small. From humble beginnings to large corporations, these companies have continuously grown despite many restrictions. There are many IT companies and new ones are formed all the time. Some companies such as Facebook were able to grow tremendously in a few years while some have taken off after a few years in. Here’s a list of the largest IT companies in the world.

Apple Inc.

Apple Inc. is not only the largest IT company, it is also one of the largest companies in the world.  The company was founded in 1976 by Steve Wozniak, Steve jobs, and Ronald Wayne in the garage of Steve Jobs childhood home. Being ranked as one of the world’s greatest valuable brands, Apple enjoys a high level of brand loyalty compared to its competitors. It is also the first US company to be valued over 700 billion USD. Since its inception, Apple has grown through certain rough patches but the early 2000s was when the company started launching new products and services aimed at mass audiences.  Apple uses the latest on technology with high end fiber optic switch to the fastest internet which the company can use.

Samsung

Samsung is a South Korean multinational IT company and the largest phone manufacturer in the world. Unlike Apple, Samsung was founded in 1969 and produces many electronic items from TV’s to semiconductors and batteries. Samsung has experienced most growth through its mobile phone business compared to its other businesses. They also produce industrial media converter and high-end internet devices and routers to corporations.

Amazon.com

Amazon.com was founded by Jeff Bezos in 1994 as an online book store. The company saw growth immediately and Jeff Bezos was able to sell a large number of books. This led to the portfolio growing and today, Amazon is the largest online retailer in the world. The site has become very popular and is the go to online shopping site. This growth has led Amazon to branch in to many other It businesses such as cloud computing.