[Ranking] TOP 25 IT Services / Technology Companies Q3/2023
Intro
IT Services is a critical sub-industry within the broader Technology sector, playing an indispensable role in the worldwide economy. As businesses across industries increasingly rely on technology for their operations, IT Services companies have emerged as the backbone of this digital transformation.
The influence of the IT Services industry extends far beyond its immediate sector, with ripple effects felt across diverse industries. From healthcare to finance, education to manufacturing, IT Services companies enable businesses to streamline processes, enhance productivity, and drive innovation.
The economic magnitude of the IT Services industry is staggering, with a significant upward trajectory. As more organizations embrace cloud computing, artificial intelligence, and big data analytics, the demand for IT Services continues to soar. In fact, the global IT Services market is projected to surpass $1 trillion by 2022, fueled by the ongoing digital revolution.
Recent trends, breakthroughs, and obstacles are shaping the IT Services industry. The COVID-19 pandemic has dramatically accelerated the adoption of remote work and digital solutions, presenting both challenges and opportunities for IT Services companies. Cybersecurity has become a paramount concern as organizations strive to protect their data and systems from evolving threats.
The landscape of the IT Services industry is ever-changing, driven by technological advancements and evolving customer needs. From traditional outsourcing models to the rise of managed services and cloud-based solutions, IT Services companies must constantly adapt to stay competitive. Exploring the top companies in this dynamic industry provides valuable insights into the trends and innovations shaping the future of technology.
Ranking
#25 Atlassian
Employees: 5.8K
Revenue: 1.2B$
Website: https://www.atlassian.com
Description: Atlassian, headquartered in Sydney, Australia, is a leading IT services company in the Technology industry. Founded in 2002, the company has grown to employ approximately 5,800 professionals globally. With a revenue of 1.2 billion dollars, Atlassian offers a wide range of software solutions and collaboration tools tailored to meet the needs of IT service providers. Their products, including Jira, Confluence, and Trello, are widely used by organizations to streamline project management, software development, and team collaboration. Atlassian's innovative approach and commitment to providing high-quality software solutions have made them a trusted partner for IT service providers worldwide.
#24 ServiceNow
Employees: 15K
Revenue: 4.5B$
Website: https://www.servicenow.com
Description: ServiceNow, headquartered in Santa Clara, United States, is a leading player in the IT Services industry. Founded in 2004, the company has a workforce of approximately 15,000 employees. With a revenue of 4.5 billion dollars, ServiceNow offers a range of technology solutions to businesses operating in the IT Services sector. The company provides cloud-based platforms and applications that help organizations streamline their IT operations, automate workflows, and enhance employee productivity. ServiceNow's offerings include IT service management, IT operations management, IT business management, and security operations. Leveraging cutting-edge technology, ServiceNow enables businesses to modernize their IT infrastructure, improve service delivery, and drive digital transformation. With its strong presence and innovative solutions, ServiceNow continues to play a significant role in shaping the future of the IT Services industry.
#23 Tech Mahindra
Employees: 131K
Revenue: 5.1B$
Website: https://www.techmahindra.com
Description: Tech Mahindra is a leading IT services company headquartered in Pune, India. With a rich history dating back to 1986, the company has grown to become a major player in the technology industry. Tech Mahindra boasts a workforce of approximately 131,000 employees worldwide, demonstrating its global reach and influence. The company generates a significant revenue of 5.1 billion dollars, highlighting its financial success and stability. Tech Mahindra offers a wide range of IT services, including software development, consulting, and outsourcing solutions. With its commitment to innovation and customer satisfaction, Tech Mahindra continues to be a prominent name in the IT services industry.
#22 Infosys BPM
Employees: 50K
Revenue: 6B$
Website: https://www.infosysbpm.com/
Description: Infosys BPM, headquartered in Bangalore, India, operates in the IT Services industry. With a workforce of approximately 50,000 employees, the company offers a wide range of technology solutions and services to clients globally. Since its establishment in 2002, Infosys BPM has emerged as a leading player in the industry, leveraging its expertise in areas such as application development, infrastructure management, testing services, and consulting. The company's commitment to innovation and its client-centric approach have contributed to its success. With a revenue of 6 billion dollars, Infosys BPM continues to drive digital transformation and deliver quality solutions to navigate the evolving technological landscape.
#21 Wipro
Employees: 200K
Revenue: 8.5B$
Website: https://www.wipro.com
Description: Wipro, headquartered in Bangalore, India, is a leading global IT services company operating in the Technology industry. Founded in 1945, Wipro has grown to become a major player in the IT services sector. With a workforce of approximately 200,000 employees, the company provides a wide range of IT solutions and services to clients worldwide. Wipro offers expertise in areas such as digital transformation, cloud computing, cybersecurity, data analytics, and artificial intelligence. The company has established itself as a trusted partner for businesses across industries, helping them navigate the digital landscape and achieve their strategic objectives. With an annual revenue of 8.5 billion dollars, Wipro continues to innovate and deliver cutting-edge technology solutions to its global clientele.
#20 NTT Data
Employees: 120K
Revenue: 10B$
Website: https://www.nttdata.com
Description: NTT Data is a leading global IT Services company headquartered in Tokyo, Japan. With a history dating back to 1967, the company has established itself as a trusted provider in the technology industry. NTT Data offers a wide range of IT services, including consulting, system integration, and outsourcing. With a workforce of approximately 120,000 employees, the company operates across multiple continents, serving clients in various sectors. NTT Data's expertise in technology enables them to deliver innovative solutions that drive digital transformation and enhance business performance. With a revenue of 10 billion dollars, NTT Data continues to strengthen its position as a key player in the IT Services industry.
#19 VMware
Employees: 30K
Revenue: 10B$
Website: https://www.vmware.com
Description: VMware, headquartered in Palo Alto, California, is a leading player in the IT Services industry. Founded in 1998, the company has grown to employ approximately 30,000 individuals globally. With annual revenue reaching 10 billion dollars, VMware offers a comprehensive range of virtualization and cloud computing solutions to businesses across various sectors. Their innovative technologies enable organizations to streamline IT operations, enhance security, and optimize performance. Through their software-defined data center platform, VMware empowers enterprises to modernize their infrastructure, accelerate application development, and seamlessly migrate workloads to the cloud. With a strong presence in North America and a global customer base, VMware continues to drive digital transformation in the technology industry.
#18 HCL Technologies
Employees: 168K
Revenue: 10.5B$
Website: https://www.hcltech.com
Description: HCL Technologies, headquartered in Noida, India, is a leading global IT services company operating in the Technology industry. Established in 1976, the company has grown to become a major player in the sector. With a workforce of approximately 168,000 employees, HCL Technologies delivers a wide range of IT services to clients worldwide. The company offers services such as application development, infrastructure management, cybersecurity, cloud computing, and digital transformation. HCL Technologies has achieved significant success, reporting annual revenues of 10.5 billion dollars. Through its innovative solutions and customer-centric approach, HCL Technologies continues to be a key player in the IT services industry.
#17 Atos
Employees: 110K
Revenue: 12.4B$
Website: https://atos.net
Description: Atos is a leading IT services company based in Paris, France. With its headquarters in Europe, Atos operates globally, providing a wide range of technology services. The company was founded in 1972 and has grown to become one of the largest IT services providers in the world. Atos employs approximately 110,000 people, offering expertise in areas such as consulting, systems integration, managed services, and cybersecurity. With a revenue of 12.4 billion dollars, Atos serves clients across various industries, including finance, healthcare, manufacturing, and public sector organizations. Through its innovative solutions and digital transformation capabilities, Atos helps businesses leverage technology to drive growth and efficiency.
#16 Adobe
Employees: 22K
Revenue: 12.9B$
Website: https://www.adobe.com
Description: Adobe, headquartered in San Jose, United States, is a leading company in the IT Services industry. Founded in 1982, the company has grown to have approximately 22,000 employees worldwide. With a revenue of 12.9 billion dollars, Adobe offers a wide range of technology solutions and services to businesses and individuals. The company is well-known for its creative software products such as Photoshop, Illustrator, and InDesign, which are widely used by professionals in the design and creative industries. In addition, Adobe provides enterprise software solutions and services for digital marketing, document management, customer experience management, and more. With its innovative and industry-leading products, Adobe continues to be a major player in the IT Services industry, driving digital transformation and empowering creativity across the globe.
#15 Infosys
Employees: 250K
Revenue: 13.4B$
Website: https://www.infosys.com
Description: Infosys, headquartered in Bengaluru, India, is a leading global provider of IT services. Founded in 1981, the company has grown to become a major player in the technology industry. With a workforce of approximately 250,000 employees, Infosys offers a wide range of services including consulting, application development, and maintenance, as well as system integration. The company serves clients in various sectors such as banking, healthcare, retail, and manufacturing. Infosys has achieved significant financial success, with annual revenues reaching 13.4 billion dollars. With its strong reputation for innovation and expertise, Infosys continues to be a trusted partner for businesses worldwide.
#14 Salesforce
Employees: 50K
Revenue: 17B$
Website: https://www.salesforce.com
Description: Salesforce, headquartered in San Francisco, United States, is a leading company in the IT Services industry. Founded in 1999, the company has grown to have approximately 50,000 employees. With a revenue of 17 billion dollars, Salesforce offers a range of cloud-based software solutions and services tailored to the technology sector. Their offerings include customer relationship management (CRM) software, enterprise resource planning (ERP) systems, marketing automation tools, and more. Salesforce's innovative products enable companies in the technology industry to effectively manage their sales, marketing, and customer service operations, driving growth and success. They have established themselves as a trusted partner for many IT Services companies, empowering them to streamline their processes and enhance customer engagement.
#13 Capgemini
Employees: 270K
Revenue: 17.3B$
Website: https://www.capgemini.com/
Description: Capgemini, a leading global provider of IT services, is headquartered in Paris, France. With a history dating back to 1967, the company has established itself as a key player in the technology industry. Capgemini boasts a workforce of approximately 270,000 employees, making it one of the largest IT services companies in the world. The company's revenue stands at an impressive 17.3 billion dollars. Capgemini offers a wide range of IT services, including consulting, technology, and outsourcing solutions. With its strong presence in the industry, Capgemini continues to drive innovation and deliver cutting-edge solutions to its clients.
#12 Cognizant
Employees: 280K
Revenue: 17.6B$
Website: https://www.cognizant.com
Description: Cognizant is a leading IT services company headquartered in Teaneck, United States. Founded in 1994, the company has grown to become a global player in the technology industry. With approximately 280,000 employees worldwide, Cognizant offers a wide range of IT services to clients across various sectors. The company's expertise includes digital strategy, consulting, technology implementation, and outsourcing. Cognizant has established itself as a trusted partner for organizations looking to leverage technology for business growth and innovation. With annual revenues of 17.6 billion dollars, Cognizant continues to drive technological advancements and provide cutting-edge solutions to its clients.
#11 DXC Technology
Employees: 138K
Revenue: 20.8B$
Website: https://www.dxc.technology/
Description: DXC Technology is a leading IT services company based in Tysons, Virginia. With its headquarters in North America, DXC Technology operates globally, providing a wide range of technology solutions and services. The company was founded in 2017 and has grown to employ approximately 138,000 professionals worldwide. With a revenue of 20.8 billion dollars, DXC Technology offers innovative IT solutions, including cloud services, cybersecurity, analytics, and consulting services, to clients across various industries. With a strong focus on digital transformation, DXC Technology helps organizations leverage technology to drive business growth and efficiency.
#10 Tata Consultancy Services
Employees: 448K
Revenue: 22.17B$
Website: https://www.tcs.com
Description: Tata Consultancy Services (TCS) is a leading global IT services company headquartered in Mumbai, India. Founded in 1968, TCS operates in the Technology industry, specifically in IT Services. With a workforce of approximately 448,000 employees, TCS provides a wide range of IT services including consulting, software development, infrastructure support, and business process outsourcing. TCS serves clients across various sectors such as banking, financial services, insurance, manufacturing, retail, and healthcare. The company has established a strong presence in the industry and has achieved significant revenue growth, with annual revenues reaching 22.17 billion dollars. TCS is known for its expertise in digital transformation, cloud services, artificial intelligence, and analytics, helping organizations leverage technology to drive innovation and achieve business success.
#9 SAP
Employees: 100K
Revenue: 30B$
Website: https://www.sap.com
Description: SAP is a multinational software corporation headquartered in Palo Alto, United States. With a history dating back to 1972, SAP is a leading player in the IT Services industry. The company specializes in enterprise software and offers a wide range of solutions for businesses in various sectors. SAP's software products enable organizations to streamline their operations, manage customer relationships, optimize supply chains, and make data-driven decisions. With over 100,000 employees worldwide, SAP serves customers in more than 180 countries. In 2020, the company reported revenue of 30 billion dollars, solidifying its position as a major player in the technology industry.
#8 NEC Corporation
Employees: 100K
Revenue: 30B$
Website: https://www.nec.com
Description: NEC Corporation, headquartered in Tokyo, Japan, is a prominent player in the IT Services industry. With a rich history dating back to 1899, NEC has established itself as a leading provider of innovative technology solutions. The company offers a wide range of IT services, including network infrastructure, cloud computing, cybersecurity, and digital transformation solutions. NEC's extensive portfolio caters to various sectors, such as telecommunications, healthcare, government, and finance. With a workforce of approximately 100,000 employees, NEC is committed to delivering cutting-edge technologies and contributing to the advancement of society. In 2020, the company generated revenue amounting to 30 billion US dollars, solidifying its position as a major player in the global IT Services industry.
#7 Fujitsu
Employees: 140K
Revenue: 37B$
Website: https://www.fujitsu.com
Description: Fujitsu, headquartered in Tokyo, Japan, is a leading global provider of IT services. With a rich history dating back to 1935, the company has established itself as a key player in the technology industry. Fujitsu offers a wide range of services including consulting, system integration, and cloud solutions. With a workforce of approximately 140,000 employees, the company operates on a global scale, serving customers in various industries such as finance, healthcare, and manufacturing. Fujitsu's revenue stands at 37 billion dollars, solidifying its position as a major player in the IT services sector.
#6 Oracle
Employees: 135K
Revenue: 39.1B$
Website: https://www.oracle.com
Description: Oracle is a leading technology company headquartered in Redwood City, United States. Founded in 1977, the company has grown to employ approximately 135,000 employees worldwide. With a revenue of 39.1 billion dollars, Oracle specializes in providing IT services to clients across various industries. The company offers a wide range of products and solutions, including database management systems, cloud infrastructure, enterprise software, and hardware. Oracle's innovative technologies and expertise in IT services make it a trusted partner for businesses seeking reliable and efficient solutions to enhance their operations. With its strong presence in the technology industry, Oracle continues to drive innovation and shape the future of IT services.
#5 Accenture
Employees: 537K
Revenue: 44.33B$
Website: https://www.accenture.com
Description: Accenture is a global leader in IT services, operating in the Technology industry. Headquartered in New York, United States, Accenture was founded in 1989. With a workforce of approximately 537,000 employees, the company provides a wide range of IT services to clients worldwide. Accenture's revenue is reported at 44.33 billion USD, making it one of the largest IT services companies in the world. The company offers services such as consulting, strategy, digital transformation, technology implementation, and managed services. Accenture's expertise in IT services allows it to assist clients in leveraging technology to drive innovation, improve operational efficiency, and achieve business objectives.
#4 Tencent Holdings
Employees: 89K
Revenue: 56.2B$
Website: https://www.tencent.com
Description: Tencent Holdings, headquartered in Shenzhen, China, is a prominent player in the IT Services industry. Founded in 1998, the company has grown exponentially and currently employs approximately 89,000 individuals. With a revenue of 56.2 billion dollars, Tencent Holdings has established itself as a major player in the technology sector. The company is renowned for its diverse range of IT services and products, catering to a global audience. Through its innovative platforms and applications, Tencent Holdings has transformed the landscape of technology, offering solutions that span across gaming, social media, e-commerce, cloud computing, and more. With its continuous commitment to technological advancements, Tencent Holdings remains at the forefront of the IT Services industry, driving innovation and shaping the digital world.
#3 IBM
Employees: 352K
Revenue: 79.1B$
Website: https://www.ibm.com
Description: IBM, headquartered in Armonk, United States, is a leading IT services company operating in the Technology industry. Founded in 1911, IBM has a workforce of approximately 352,000 employees. With a revenue of 79.1 billion dollars, IBM offers a wide range of IT services including cloud computing, artificial intelligence, data analytics, cybersecurity, and enterprise software solutions. The company is renowned for its innovative approach towards technology and has established itself as a key player in the IT services landscape. Through its comprehensive suite of services, IBM assists businesses across various sectors in driving digital transformation and achieving their technology goals.
#2 NTT Communications
Employees: 240K
Revenue: 105B$
Website: https://www.ntt.com
Description: NTT Communications is a leading global IT services provider headquartered in Tokyo, Japan. With a history dating back to 1999, the company has established itself as a key player in the technology industry. NTT Communications offers a wide range of services including network management, data center solutions, cloud computing, and cybersecurity. With around 240,000 employees worldwide, the company has a strong global presence and serves a diverse clientele. In 2020, NTT Communications reported a revenue of 105 billion US dollars, showcasing its financial success and market influence in the IT services sector.
#1 Microsoft
Employees: 163K
Revenue: 143B$
Website: https://www.microsoft.com
Description: Microsoft, headquartered in Redmond, United States, is a major player in the IT Services industry. Founded in 1975, the company has grown to employ approximately 163,000 people globally. With a revenue of 143 billion dollars, Microsoft offers a wide range of IT services, including software development, cloud computing, and consulting. The company's flagship products such as Windows operating system, Office suite, and Azure cloud platform have become integral parts of the IT landscape. Microsoft's continuous innovation and strategic partnerships have solidified its position as a leader in the IT Services industry, driving technological advancements and digital transformation across various sectors.
Summary
The sub-industry of IT Services within the Technology sector has seen significant growth in recent years, with several companies emerging as leaders in the field. Among the top companies in this sub-industry are Accenture, IBM, and Infosys, which have consistently ranked high in terms of revenue and market influence.
An unexpected finding from the analysis is the rapid rise of Indian IT services companies, such as Tata Consultancy Services and Wipro. These companies have leveraged their expertise in software development and outsourcing to gain a strong foothold in the global market.
Accenture, a multinational professional services company, stands out as one of the premier companies in IT Services. With a strong focus on digital transformation, Accenture has helped numerous clients navigate the rapidly evolving technological landscape.
One common element driving the success of these top IT services companies is their ability to provide comprehensive solutions to clients. From consulting and system integration to application development and maintenance, these firms offer end-to-end services that address the diverse needs of businesses.
What sets these eminent companies apart from their rivals is their emphasis on innovation and agility. They continuously invest in research and development to stay ahead of technological advancements, enabling them to deliver cutting-edge solutions to their clients. Additionally, these companies have built a reputation for adaptability and responsiveness, allowing them to quickly adapt to changing market conditions and client requirements.