Technology companies have become a powerful drive in recent years in global economic growth, driving changes, and the financial markets. Technology has reshaped how people socialize, work, shop, communicate and consume information. Now, technology companies are one of the highest-earning industries in the world. The biggest technology companies make billions annually through various revenue sources by providing services and products. They're making software, and designing & manufacturing computers, devices, and home appliances.

In this article, we look at the current top tech companies in the world according to their market capitalization.

Apple Inc. (AAPL)

Revenue: $379 billion

Market cap: $2.8 trillion

Main products/services: hardware, software, consumer electronics, online services, information technology

With a current market capitalization of $2.8 trillion and annual revenue of $379 billion, Apple is the world's largest and most influential company in the tech industry. Apple is the first trillion-dollar company. The company designs and manufactures various consumer technology products, including mobile phones, computers, wearable devices, tablets, and home entertainment devices. The renowned products of this top tech company include MacBooks and iPhones. The company is located in Cupertino, California, USA. Moreover, Apple has a huge fan following from all over the world and is one of the most admired brands in USA history.

Microsoft Corp. (MSFT)

Revenue: $185 billion

Market Cap: $2.3 trillion

Main products/services: software development, cloud computing, hardware, Consumer electronics

Microsoft, the software company, is the second-largest tech company and one of the most expensive brands in the IT sector. The company is a global developer of software, solutions, devices, and services. Besides, Microsoft has dominated the computer world and is now well-known for Windows and Office software. Microsoft Windows operating system made huge profits for the company. Now, the company is focusing on innovative technologies such as blockchain, artificial intelligence, and machine learning.

Alphabet Inc.

Revenue: $239 billion

Market Cap: 1.73 trillion

Main products/services: software, internet search engine, research and development, cloud computing, consumer electronics

All the internet users are probably familiar with the famous internet giant Google. But, most people don't know that the company changed its official name to Alphabet Inc in 2015. The parent company, Alphabet, owns Google and its subsidiaries. This American multinational company is part of companies with a trillion market capitalization. Moreover, Alphabet Inc. is investing in emerging projects such as life extension R& D company Calico, self-driving cars, smart home project Nest, etc.

Amazon Inc.

Revenue: $458 billion

Market Cap: $1.55 trillion

Main products/services: eCommerce, cloud computing, electronics, digital distribution

Amazon, the most valuable global brand of 2021, started with books, and now, the company has expanded into eCommerce, artificial intelligence, and entertainment. According to market capitalization, Amazon is the fourth biggest tech company and possesses the highest employee number in the tech industry. In addition, it is one of those companies having expensive stock. The share price of Amazon is above $2,790. The company proved its global presence by its pioneering success in eCommerce and cloud computing & streamlining services.

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)

Revenue: $57 billion

Market cap: $618.7 billion

Main products/services: Semiconductors

TSM is the largest chip manufacturer and independent semiconductor foundry globally. The company ranked as the top chip producer along with Samsung and Intel. The company's products are used in computer, electronics, communication, automotive and industrial sectors. It is the only company that manufactures Apple Inc.'s and M-series chips. Moreover, the company has subsidiaries in China, Singapore, and America and offices in India, Japan, and Europe. While the headquarter is situated in Hsinchu, Taiwan.

Meta (Facebook)

Revenue: $112 billion

Market cap: $839 billion

Industry: Social media application

Meta, the parent company of social media giant Facebook, is the fastest-growing and most popular social media site. The company is one of the most expensive brands and is visited by above 2 billion people each day. Now, the company owns WhatsApp, Instagram, Messenger, and Oculus VR. Also, it aims to prioritize metaverse ambitions. The headquarter of Facebook is located in Menlo Park, California, USA.

NVIDIA

Revenue: $24 billion

Market cap: $589.2 billion

Industry: Semiconductors

NVIDIA is the largest computer graphics company which is providing the fastest GPUs for computers, mobile phones, game consoles, and workstations. Santa Clara-based company has recently branched off into data center platforms & systems. Today, the company is renowned in gaming, video editing, professional design, Al, creative applications, and other tech sectors. Besides, it also offers a system on chips unit (SOCs).

Tencent Holdings

Revenue: $84 billion

Market cap: $574 billion

Industry: Internet, social networking, search engine, eCommerce, Al

The Chinese giant Tencent is the biggest video gaming company that offers many internet products and services worldwide. Tencent is an investment holding company and a venture company. The company's products include social networks, internet services, eCommerce platforms, web portals, smartphones, and mobile and multiplayer games. It is the first Chinese tech company that exceeds the market value of $500 billion.

Bottom line

There you have it- eight top tech companies in the world according to their market capitalization. Now, technology is a dynamic sector that is shaping every aspect of our life. In today's digital world, it is pretty impossible to imagine the world without technology. Moreover, there are many new tech companies that are growing rapidly to catch up with the above-mentioned tech giants.