With the evolution of technology, there are a lot of emerging tech companies which are continuously increasing their revenue by adopting advanced technological systems. These corporations are also encouraging other small firms to stand out in the market and remain competitive. Some well-established tech giant companies are continuously dominating the tech world by defining new ways on which we are depending these days.
10 Top Tech Companies to Watch
Around the globe, numerous tech corporations exist, but only a few of them are among the best 10 tech companies. From this list you will observe some old tech firms. The acknowledgment and recognition of these firms in the domain of technology comes due to providing advanced solutions to complex challenges. The following are the leading 10 technological firms to watch in 2024:
Alphabet
Google is the sub-company of Alphabet which has a great influence in the field of online advertising. The Google search engine is widely used and famous worldwide. This tech industry stands with a market capitalization of $1.87 trillion.
It is continuously providing innovative solutions in multiple areas such as Artificial Intelligence (AI), cloud computing, Android devices and more. Its video streaming site named YouTube is the second largest website in the world with respect to traffic volumes.
Annual Revenue:
The 12 month revenue of this company that ended in June 30, 2024 was $328.284 billion dollars with a massive increase of 13.38% as compared to last year. However it earned 307.394 billions in the year 2022 with an increase of 8.68%.
Amazon
This company is widely known for its most famous E-Commerce platform which is used globally. This enterprise is increasing its services in multiple fields like cloud computing, video streaming and more. Its AI chatbot assistant named Alexa provides effective integration with multiple smart home devices which is changing the lifestyle of users via bringing automation in houses.
Amazon Care service is highly beneficial for users in providing instant and urgent care assistance to its members as well as the employees of this company. Its market capitalization has increased to $1.78 trillion.
Annual Revenue:
The annual profit of Amazon for the last consecutive 12 months is $281.159 billion with an increase of 19.76% as compared to last year which was $270.046 billion.
Apple
Apple has built its reputation by producing and delivering advanced products with exceptional designs that no other manufacturer is able to achieve yet. This company is going to launch a new model of its smartphone named iPhone 15 this year and users are eagerly waiting for it.
It is expected that this device may come up with some new improvements in cameras and robust integration in the field of Augmented Reality (AR). The market capitalization of this company is $2.64 trillion.
Annual Revenue:
Apple earned a revenue of $90.75 billion and suffered a decrease of -4.31% in the last quarter which ended on March 30, 2024. The last year’s income of this company is 383.29 billion with a decrease of -2.80% than last year.
Meta
The whole world knows this company for the most famous social media platform named Facebook. Its other popular social media sites are Instagram and WhatsApp which are used for digital communication like video and audio calls as well as sending SMS to each other. This company makes its revenue through placing ads on its different social media sites leading to a market capitalization of $1.32 Trillion.
Annual Revenue:
This company earned a revenue of $36.455 billion in the most recent quarter that ended in March 31, 2024. The profit generated by Meta in the last 12 months is $142.712 billion with a massive increase of 21.62% as compared to the year 2022.
Microsoft
Microsoft is still standing on top this year in the list of top tech industries as it is dominating the world by providing effective cloud computing services and other effective solutions to enterprises. Its most productive software named Office 365 has now become an essential for almost every workplace to fulfill their requirements.
Microsoft company tops the list and stands in the market with a market capitalization of $3.14 trillion. It has also introduced a gaming console named Xbox which is delivering a robust gaming experience that is changing the preferences of gamers to buy these consoles.
Annual Revenue:
The annual revenue of Microsoft for the year 2023 was $236.584 billion with a significant increase of 13.97% as compared to the previous year. This company earned $61.858 billion in the last quarter that ended in March 31, 2024 with a 17.03% increase.
Nvidia
Nvidia is one of the best top tech companies and widely known for its high performing Graphic Processing Units (GPUs). It is also contributing to the growth of AI, gaming and in the field of metaverse.
Nvidia recent RTX 4000 series GPUs are setting new marks and performance standards which is highly beneficial for intense gamers and other professional content creators. Nvidia is also globally considered one of the major sponsors in the creation of autonomous vehicles and stands with a market capitalization of $2.37 trillion.
Annual Revenue:
In accordance with the financial reports of Nvidia, this company has earned an income of $79.77 billion during the previous consecutive 12 months. However, the annual revenue of this tech industry for the year 2023 was $60.92 billion which is a major increase as compared to the 2022 which was $26.97 billion.
Samsung
Samsung is one of the leading companies in technology. It has a significant impact on smartphones and other proactive devices that can be classified as home appliances, SD cards, TVs, etc.
The smartphone series from this company called Galaxy S is one of the strongest competitors in the Android market. The foldable phone technology from this organization is highly regarded around the world. They have a current Market Capitalization of $1.56 trillion.
Annual Revenue:
The last 12 months revenue of Samsung is $201.06 billion. This company earned a profit of $196.77 billion in the year 2023 which indicates a significant decrease as compared to the year of 2022.
Taiwan Semiconductor Manufacturing Company (TSMC)
It is an international semiconductor producing firm that was ranked 44th according to Forbes Global 2000 in 2023. Well-known Companies like Apple, AMD, MediaTek, Nvidia and Qualcomm are their clients. They use these chips in electronic devices like mobile phones, wearables, automobiles, laptops and other types of medical machines. Hence it has a market capitalization of $1.21 trillion.
Annual Revenue:
The earnings of this company for this quarter is $18.846 billion that ended on March 31, 2024. The overall income of this company in the year 2023 was 70.599 billion with a decline of 4.17% than 2022.
Tencent
Tencent is a Chinese based tech company which has a huge presence in the field of gaming and social media. This company has launched the game named League of Legends and a WeChat messaging app which are very popular worldwide.
Its messaging app is quite similar to Facebook and WhatsApp. Tencent has now started investing in the field of Cloud Computing and Artificial Intelligence (AI). Its current market capitalization is $1.18 trillion.
Annual Revenue:
This company earned a revenue of $22.282 billion in the recent quarter that ended on March 30, 2024. Its last year earnings were $86.05 billion with an increase of 4.43% as compared to 2022.
Baidu
It is another Chinese tech industry which is widely known for its robust search engine similar to Google’s. This leading tech industry is stepping into the field of automated vehicles, and Artificial Intelligence (AI) research. It has also introduced a self-driving car with the name of Apollo which is one of the key competitors in the field of automated vehicle technology.
Annual Revenue:
This company earned a revenue of 4.365 billion in the recent quarter that ended on March 31, 2024 which is a 3.75% decline as compared to last year’s. The annual revenue of this company for the year 2023 is $18.958 billion with a significant increase of 5.73% as compared to 2022.
Concluding Statements
There are a lot of top tech companies in the world which are contributing a lot in multiple fields from which users can gain multiple benefits by using its services. The AI-based giant companies like Google and Microsoft are discovering new ways from which we can transform our daily and work lives.
These tech companies are continuously investing in research, development and collaboration on new projects in order to expand their business into new marketplaces such as quantum computing, cybersecurity, sustainable technology and more.
