Top 20 Tech Companies to Watch Out for in 2024

Over the last few decades, the tech industry has come a long way and has transformed the lives of millions across the globe. Products and services from tech giants have become indispensable and impact our jobs, education, and various aspects of our daily lives.

The industry makes up 35% of the world’s market value. In 2023, Artificial intelligence (AI) took center stage, with Generative AI broadening the toolkit for professionals in marketing, IT, and many other sectors.

As we enter 2024, tech companies are expected to continue being a powerhouse of innovation and growth. This article will explore the top 20 tech companies expected to make waves in the coming year.

Top 20 Tech Companies to Watch Out for in 2024

The Biggest Tech Companies of 2024: A Comprehensive List

1. Apple

Total number of employees: 164,000
Market Capitalization: $2.90 trillion
Known for iPhone, iPad, Apple Watch, AirPods, Mac Computers

As per a study, over 1.46 billion across the globe actively use iPhones. Established in 1976, Apple is one of the most well-known tech companies. The brand is renowned for successfully positioning itself as creating and marketing the most coveted devices, from phones and watches to tablets and personal computers.

Apple remains a force to be reckoned with in 2024. The company’s latest iPhone iteration and recent AI advancements contribute to its continued dominance in the broader market.

2. Microsoft Corporation

Total number of employees: 221,000
Market Capitalization: $2.70 trillion
Known for MS Office, Microsoft Teams, Visual Studio, and Personal computers

Microsoft was founded in 1975 and became a leading global software solutions provider. Microsoft Office (MS Office) is the company’s most popular product. MS Office has become an indispensable part of our lives, offering templates for spreadsheets, presentations, meeting notes, assignments, projects, resumes, and family events.

Microsoft’s cloud services, Windows operating system, and innovative products like the Surface Duo place it at the forefront of technological innovation.

3. Alphabet Inc.

Total number of employees: 186,779
Market Capitalization: $1.70 trillion
Known for Google, Android, YouTube, and G-Suite

‘Googling’ is synonymous with searching for anything on the internet. In October 2015, Alphabet became Google’s parent company. Google boasts a diversified portfolio encompassing search engines, advertising, cloud computing, and ambitious moonshot projects. It maintains its leadership role in providing cutting-edge technologies such as AI and quantum computing.

Beyond its core operations, this tech giant is an investor, channeling funds into many start-ups and tech companies. It supports projects ranging from smart homes and self-driving cars to cloud gaming operating systems. Additionally, Alphabet offers technology industry certifications to train users on its diverse offerings.

4. Amazon

Total number of employees: 221,000
Market Capitalization: $1.54 trillion
Known for its E-store, Amazon Prime, Amazon Web Services, Alexa, Twitch, and Streaming services

Amazon was founded in 1994 and was initially an online marketplace. The tech giant has since evolved, expanding its services to cloud computing, digital streaming, AI, and online advertising.

Beyond its e-commerce roots, Amazon’s influence extends to cloud computing with Amazon Web Services (AWS). The company is also known for seamlessly adopting emerging technologies such as drone delivery and voice-activated assistants.

5. Meta Platforms (Facebook)

Total number of employees: 83,553
Market Capitalization: $884.90 billion
Known for Facebook, WhatsApp, Instagram, and Messenger

Facebook was founded in 2004 as a one-of-its-kind social media platform. It gained near-instantaneous popularity as millions of users across the globe became active members of the platform.

In 2021, Facebook founder Mark Zuckerberg announced a new direction for the company, highlighting the firm’s ambitious dreams of dominating the metaverse. To underscore its commitment to the metaverse and reinforce its enduring dominance in social media, Facebook was made a subset of its parent company, Meta Platforms.

This strategic move was aimed at solidifying Meta’s position as a key player in shaping the future of online interactions. Meta also acquired innovative companies like Novi Financial, Hot Studio, and WhatsApp.

Zuckerberg now heads Meta and believes that virtual and augmented reality products are the future. The company recently launched a line of Web3 and Metavers-focused products such as Meta Quest and Meta Portal.

6. Tesla Inc

Total number of employees: 100,000
Market Capitalization: $758 billion
Known for Electric Vehicles (EVs), Cyber trucks, and Autonomous Vehicles

Tesla is an automotive and clean energy company that designs and manufactures electric cars, trucks, energy storage devices, solar shingles, and autonomous vehicles.

Spearheading the electric vehicle revolution, Tesla’s innovation in sustainable energy, self-driving technology, and battery storage positions it as a critical player in the future of transportation.

7. Broadcom

Total number of employees: 20,000+
Market Capitalization: $433.20 billion
Known for Storage, Asset Management Software, and Rally

Established as a semiconductor products division of Hewlett-Packard in 1961, Broadcom Inc. is one of the leading semiconductors and infrastructure software solutions providers.

About 80% of Broadcom’s revenue comes from selling its semiconductor products. In 2023, Broadcom acquired VMware and introduced the industry’s first Switch With On-Chip Neural Network.

8. Samsung Electronics

Total number of employees: 270,372
Market Capitalization: $387.70 billion
Known for Mobile Phones, Televisions, and other Consumer Electronics Devices

Founded in 1969, Samsung Electronics is a South Korean company specializing in manufacturing and selling a diverse range of electronic devices and software. The company provides products and services spanning mobile communications, consumer electronics, information technology, and device solutions.

With a focus on manufacturing TVs and phones, Samsung is actively engaged in smart home and digital health initiatives. As a global leader in personal electronics, the company is a powerhouse in the tech ecosystem, extending its influence into semiconductor manufacturing.

9. Oracle Corporation

Total number of employees: 143,000
Market Capitalization: $282.01 billion
Known for Oracle Cloud, Java, MySQL, and Oracle Linux

Founded in 1977 by Larry Ellison and Jeff Henley, Oracle specializes in database management systems and cloud solutions. The company’s most widely-used products include software such as enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), enterprise performance management (EPM), and supply chain management (SCM).

Oracle is also credited for creating the world’s first autonomous database to help organize and secure customers’ data.

10. Tencent Holdings Limited

Total number of employees: 112,771
Market Capitalization: $263.80 billion
Known for WeChat, PUBG Mobile, QQ, and Riot Games

Have you ever played a game of PubG on your smartphone? If you answered “yes,” you interacted with a Tencent Games production.

Established in 1998, Tencent is a Chinese company renowned for its web portals, e-commerce platforms, payment systems, social networks, and mobile games.

The group boasts ownership of Tencent Music and Tencent Games, both prominent entities in the global video game industry. With over 1 billion monthly active users, Tencent’s communication tool, WeChat, is a significant player in social media. In addition to its core offerings, Tencent provides marketing solutions and cloud services.

11. Adobe

Total number of employees: 26,000+
Market Capitalization: $260.20 billion
Known for Adobe Creative Cloud, Adobe Photoshop, Acrobat Reader, and Online Course Subscriptions

Adobe is a leader in creative software solutions. The tech giant licenses design, photography, and video editing tools that remain indispensable for professionals and amateurs alike.

In 2021, Adobe launched its digital marketing software and expanded its Customer Experience Management (CXM) footprint to help companies optimize their websites. In 2022, it signed an agreement to acquire one of the leading design software companies, Figma, but the merger failed due to regulatory pushback.

12. Salesforce

Total number of employees: 73,541
Market Capitalization: $243.80 billion
Known for Slack, Customer 360, Tableau, and Einstein AI

Established in 1999 by a former Oracle executive, Salesforce is a cloud-based software company offering a comprehensive suite of products designed to unite sales, services, marketing, commerce, and IT teams through a unified dashboard. The company’s CRM software and applications cover sales, marketing automation, e-commerce, and more and are tailored for companies of all sizes.

Adding to its offerings, Salesforce integrates its AI solution, Einstein, with its products. This integration aims to automate repetitive tasks and facilitate the creation of other AI applications, further enhancing the utility of its suite.

13. Cisco Systems

Total number of employees: 79,500
Market Capitalization: $205.24 billion
Known for Cisco+, Cisco ONE, Cisco DNA, Webex, and Jabber

Cisco was founded by a group of computer scientists at Stanford University in 1984. The tech giant manufactures and sells telecom equipment, networking software, and computer hardware. The company also has significant holdings in specialized markets such as the Internet of Things (IoT), videoconferencing, and energy management.

14. Intel Corporation

Total number of employees: 121,100
Market Capitalization: $198.50 billion
Known for CPUs and Semiconductors

Who can forget the iconic Intel logo? There was a time when almost every PC would announce that unmistakable sound upon powering up. The blank black screen of the PC would then light up with the familiar Intel logo. Founded in 1968, the tech giant remains one of the world’s leading hardware companies.

Intel specializes in manufacturing chipsets, network interface controllers, flash memory, graphics processing units, FPGAs, and other devices related to communications and computing. The company also supplies microprocessors to other firms. Intel is also one of the developers of the x86 series of instruction sets that exist on most PCs.

As a semiconductor giant, Intel’s innovations in chip technology play a crucial role in powering various devices, from laptops to data centers. The company is now at the forefront of upcoming technologies such as AI, cloud computing, 5G network transformation, and the rise of the intelligent edge.

15. SAP

Total number of employees: 107,415
Market Capitalization: $177.30 billion
Known for SAP S/4HANA Cloud

Established in 1972, SAP is a leading software company offering management solutions focused on data processing and information flow. The introduction of SAP R/2 and SAP R/3 software elevated the global enterprise resource planning (ERP) standard. The tech giant employs in-memory computing, enabling the seamless processing of extensive data sets.

SAP excels in collecting and centralizing data, facilitating separate collection and analysis for each department or team. This approach enhances the interpretation of gathered data and contributes to increased productivity.

Designed to suit all teams and departments within an organization, ERP software encompasses areas such as HR, sales, marketing, and product management.

16. Intuit

Total number of employees: 17,300
Market Capitalization: $165.40 billion
Known for QuickBooks, TurboTax, and Mint

Intuit is a software company that was established in 1983. Specializing in financial tools tailored for self-employed individuals and small businesses, Intuit offers a range of products, including QuickBooks, TurboTax, and Mint. In addition, Intuit owns TSheets, a time management and scheduling app, Mailchimp, and Credit Karma, a finance company recently acquired by Intuit.

Intuit Assist, a generative AI-powered assistant, delivers personalized and intelligent recommendations. Geared towards assisting consumers and small business customers, it empowers them to make informed and prudent financial decisions.

17. Uber Technologies

Total number of employees: 29,300
Market Capitalization: $119.87 billion
Known for Uber and UberEats

With operations in over 10,000 cities worldwide, Uber revolutionized the transportation industry. The tech company provides cab-hailing, food delivery, and freight transportation services to over 131 million users worldwide. The company also partners with over 6 million drivers and couriers.

Uber’s innovative approach to ride-sharing and food delivery has reshaped urban mobility. Uber joined the S&P 500 on December 18, 2023.

18. Sony Corporation

Total number of employees: 108,900
Market Capitalization: $116.07 billion
Known for Consumer Electronics, Entertainment, and PlayStation

Originally known as Tokyo Tsushin Kogyo K.K., Sony Group Corporation was founded in Tokyo in 1946 by Masaru Ibuka and Akio Morita. It is a multinational conglomerate with businesses spanning various sectors, including media, electronics, finance, and semiconductors. The group comprises multiple entities, such as Sony Corporation, Sony Entertainment, and Sony Financial Group, to name a few.

Sony is the largest manufacturer of image sensors and has captured more than half of the market share. It is also a leading player in the television and streaming market.

19. Shopify

Total number of employees: +10,000
Market Capitalization: $92.23 billion
Known for E-commerce

Shopify, an e-commerce platform, is a comprehensive solution for businesses and individuals looking to initiate, expand, and efficiently manage their ventures. This online store enables companies to market their products to customers while facilitating payment acceptance across various sales channels and locations.

The success of businesses using Shopify fuels the continuous development of features and products, empowering enterprises today and contributing to the evolution of future commerce.

With Shopify, anyone can effortlessly launch their business, sell products, strategize marketing campaigns, and handle finances—all from a single platform, eliminating the need for assistance from software developers.

20. Zoom

Total number of employees: 6787
Market Capitalization: $29.96 billion
Known for Zoom One, Zoom Spaces, and Zoom Events

Headquartered in San Jose, Zoom is a publicly traded software company founded in 2011. It is one of the younger companies on this list. It provides an all-in-one communication and collaboration platform and enables companies to connect and collaborate remotely.

Zoom offers a range of solutions encompassing features like chat, audio and video calls, meetings, cloud contact center offerings, whiteboard, and more. These features facilitate collaboration and foster meaningful connections among remote employees. Zoom played a pivotal role in helping businesses sustain operations during the pandemic. In the years since the company’s offerings paved the way for the global surge of remote jobs.

What Makes Top Tech Companies Successful?

The success of these popular tech giants can be attributed to several key factors:

Global presence: These companies have a global impact and provide comprehensive information technology operations management software solutions. Their products and services support the day-to-day activities of small and large businesses, allowing them to tap into diverse markets and demographics
Innovation: The ideology of top tech companies and their highly diverse management team revolves around constantly pushing the boundaries of what’s possible and thinking ahead to the future. These companies invest substantially in research and development to introduce cutting-edge technologies
Adaptability: Successful tech companies adapt swiftly to market trends and consumer demands. Their business intelligence software leverages flexibility and agility to navigate the dynamic and evolving tech landscape
Talent acquisition and retention: Building and retaining a team of skilled professionals is vital. The best tech companies attract top talent by offering competitive pay and remote and flexible work options. Other perks tech giants offer include high-performance bonuses, education stipends, customized career development plans, mentorship programs, and international travel. These companies also provide inclusive and diverse work environments that promote equal pay policies and reduce the gender pay gap.

What Tools are Tech Companies Using?

To succeed, tech companies rely on many tools to streamline and manage their operations. One standout among these is ClickUp.

ClickUp serves as an all-in-one work, team, and project management tool, instrumental in helping organizations and teams achieve their goals.

ClickUp Project Management GIF — ClickUp brings your teams together to plan, track, and collaborate on any project — all in one place.

Utilizing ClickUp as the central platform for all team members and stakeholders enables businesses to break down complex projects into manageable tasks. It allows you to assign responsibilities, track progress, and automate manual workflow steps.

ClickUp’s automation integrates with other software tools to ensure seamless data flow between all departments. With enterprise-grade security built, Clickup is the top pick for tech companies looking to grow with zero compromises on security.

Advanced features such as prebuilt technology roadmap templates and information technology templates, collaboration tools, and out-of-the-box integration with communication apps make ClickUp the perfect fit for top technology companies.

Stand Out in the Technology Sector

Looking at the tech landscape in 2024, the leading companies above stand out as true leaders in technology innovation and adaptability and have a global market.

From household names like Apple and Samsung to emerging players like Shopify, these companies have the most cutting-edge tech stack access, act on trends, and continue to influence the world’s future.

In the dynamic world of technology, tools like ClickUp become crucial to stay focused. As a comprehensive work, project, and team management solution, ClickUp is one of the best tools for startups. It empowers large tech companies to streamline operations, improve business processes, foster collaboration, and achieve goals efficiently.

As we look into the future, these tech products and services will play a pivotal role in shaping technological advancements in machine learning and virtual reality.

To know more about ClickUp, sign up for a free trial.