A few years later, if someone searches for the best tech companies in the world, then the result would be from the USA only. But with passing time, technological development took place at a rapid pace and other regions of the world have also become a part of this revolution. Many Asian tech companies are also leading the race of the biggest tech companies in the world. I have read a post shared by Insider Monkey on Yahoo regarding the 15 biggest tech companies in the world whereby they explained that the demand for software, hardware, and smartphone devices is increasing which is also fueling the growth of the tech sector. Here is how Insider Monkey has explained the worth of the tech industry:
“Globally, business and government purchases of tech goods and services are projected to reach more than $3,590 billion this year. One of the largest key players in the tech industry is the software segment which is projected to reach over $900 billion global value.”
Insider Monkey has supported the technological transformation by stating that:
“We are in the early innings of a huge technological transformation. If Cathie Wood is right about the speed of technological change, we can see the market value of the biggest technology companies grow by 10x within a couple of decades. By the way, Wood’s biggest stock position in her portfolio is Tesla Inc. (NASDAQ:TSLA). She believes Tesla will beat GOOGL to self-driving car dominance.”
Insider Monkey has ranked these tech companies using hedge fund scores. One of the companies on the list is Adobe Inc. which is a well-known and biggest tech company in the world with its headquarter in San Jose. Adobe Inc. is the biggest developer of producing, distributing, and managing content using the cloud. Allegorithmic was acquired by Adobe in 2019 which is the manufacturer of a tool used for 3D textures. This tool is known as Substance. The total revenues of the company are more than $11.6 billion. Another company on this list is Nintendo. The headquarter of the company is in Kyoto, Japan. It is a multinational consumer tech firm working in Japan and engages in the development of game consoles. Nintendo is manufacturing and selling entertainment-related products. Wii, Wii U, and Nintendo Gamecube are some of its popular products. The total revenues of the company are $11.2 billion.
If you want to check out other biggest tech companies on the list, then please check out 15 Biggest Tech Companies In The World at yahoo.