What Companies Are in the Technology Field in 2024? was originally published on Forage.
When thinking about technology companies, the Silicon Valley giants of Facebook, Amazon, Apple, Netflix and Google often spring to mind. But what companies are in the technology field besides the big names in FAANG? Using data from each company’s annual financial statements, we’ve compiled the biggest and most prominent top tech companies in the U.S. in 2024.
Top 10 Tech Companies in the U.S.
1. Apple Inc.
Headquarters: Cupertino, California
Revenue: $383.3 billion
Apple, known for its iPhones and Macbooks, was founded on April Fool’s Day in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. As of 2023, Apple has 161,000 direct employees and hundreds of thousands more through suppliers and retailers, both in the U.S. and abroad.
2. Alphabet
Headquarters: Mountain View, California
Revenue: $307.4 billion
Alphabet is a multinational holding company founded in 2015 when Google restructured its business model to allow for greater autonomy of the different products and services under the company’s umbrella. The main subsidiary under Alphabet, Google, was founded much earlier in 1998 by Larry Page and Sergey Brin. Besides Google, Alphabet has diverse subsidiaries, including the artificial intelligence research lab, DeepMind, and biotechnology researcher, Calico.
3. Microsoft
Headquarters: Redmond, Washington
Revenue: $211.9 billion
Since its 1975 founding, Microsoft has grown to one of the most recognizable brands in the software and technology industry. Between itself and its subsidiaries, Microsoft manages well-known brands and products, such as the Office Suite, Skype, and the social media platform LinkedIn. While Microsoft is known for the Xbox gaming products, its acquisition of Activision Blizzard in October 2023 expanded the company’s footprint in the video game space.
4. Meta
Headquarters: Menlo Park, California
Revenue: $134.9 billion
Meta Platforms, Inc., formerly known as Facebook, began as a social networking site for Harvard students in 2004. The company has since expanded its control over the social media landscape with the creation or acquisition of platforms like Instagram, WhatsApp, and Threads. Meta has a strong focus on virtual reality technology and building an integrated and thriving virtual universe called the Metaverse.
5. Dell Technologies
Headquarters: Round Rock, Texas
Revenue: $102.3 billion
Dell Technologies formed in 2016 from a merger between Dell Inc. and EMC Corporation. In addition to the well-known Dell products, like personal computers and other computer hardware, the company offers a variety of tech products and services, including smartphones, printers, and cybersecurity and cloud platform storage solutions.
6. Tesla
Headquarters: Austin, Texas
Revenue: $96.8 billion
Operating at the junction of both the technology and transportation industries, Tesla ultimately focuses more on technology than automobiles themselves. Though incorporated in 2003, Tesla didn’t begin producing purchasable car models until 2008. Besides its electric vehicles, the company creates clean energy solutions such as solar panels and battery energy storage systems.
7. IBM
Headquarters: Armonk, New York
Revenue: $60.5 billion
IBM is one of the oldest companies in the technology field, founded in 1911. A multinational technology company, IBM produces and sells a wide variety of computer hardware and software. Most notably, IBM is responsible for inventing ATM machines, the SQL programming language, and magnetic stripe cards.
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8. Cisco Systems
Headquarters: San Jose, California
Revenue: $56.9 billion
Cisco Systems is a multinational technology conglomerate founded in 1987. The company specializes in telecommunications equipment and networking software, with well-known videoconferencing and domain and network security products like Jasper, OpenDNS, and WebEx.
9. Intel
Headquarters: Santa Clara, California
Revenue: $54.2 billion
Intel, founded in 1968, is one of the world’s largest semiconductor chip manufacturers. The company specializes in microprocessors and graphic chips for personal computers, but Intel also offers a range of technology products and services through its subsidiaries and acquisitions, including smart glasses and deep learning systems.
10. Hewlett-Packard (HP)
Headquarters: Palo Alto, California
Revenue: $53.7 billion
HP Inc., or Hewlett-Packard, is the second largest vendor of personal computers in the world, and was founded in 1939 by Bill Hewlett and David Packard. Although it specializes in personal computers, laptops, and professional workstations, HP also produces consumer and business products like large-scale printers for billboards and technical drawings, and 3D printing solutions.
Top Technology Companies Overseas
What companies are in the technology field outside of the U.S.? Many of the biggest tech companies in the world aren’t based in America. Southeast Asia and China control a large portion of the global tech market, with the top tech companies overseas being:
- Samsung Electronics: Suwon, South Korea
- Foxconn: New Taipei City, Taiwan
- Huawei: Shenzhen, China
- Sony: Tokyo, Japan
- Hitachi: Tokyo, Japan
Types of Tech Companies
Many of the world’s largest companies inevitably have a hand in technology, making a “tech company” difficult to define. For instance, Amazon has tech product business areas, such as artificial intelligence and cloud computing, but Amazon is primarily a retail company. Netflix, too, is a major player in the tech space, but the company is typically considered a media and entertainment organization.
Careers in technology are expanding at a rapid rate, whether the definition of a “tech company” is clear or not. According to the U.S. Bureau of Labor Statistics, careers in tech, information, and computer science industries are expected to add around 377,500 openings each year from 2022 to 2032 — a much faster growth rate than the average for all occupations.
Tech companies offer a wide range of products and services, leading to nearly limitless career options. Some technology subsectors to consider include:
- Electronics and electrical equipment
- Computer software
- Computers and office equipment
- Information technology services
- Network and communications equipment
- Semiconductors and electronic components
- Telecommunications
