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The Fastest Growing Companies Use These Technologies

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There are thousands of services and apps out there that can help to power business success, but which ones ares used by the best of the best?

Today’s infographic from GetVoIP looks at the tech behind the 1,250 fastest growing companies in the U.S., with a focus on what they use for their email, advertising, content management, website hosting, and analytics services.

Many of these companies are growing at triple or quadruple digit paces – so it’s worth seeing what’s being used to help manage or enhance that growth.

The Fastest Growing Companies Use These Technologies

The 1,250 companies that were analyzed in this study came from the Inc. 5000 list of the fastest growing companies in the U.S. This list includes upstart companies like Loot Crate ($116.2 million revenue, 3-yr growth of 66,789%) and CalCom Solar ($33.5 million revenue, 3-yr growth of 31,634%).

The software used to analyze the results was business intelligence tool BuiltWith, which dissects a company’s website to match it to a database of nearly 20,000 different services or technologies.

The Results

Some technologies were dominant in the results, including WordPress (58%) as a content management system (CMS), Google Analytics (65%) as an analytics tool, and DoubleClick.net (48%) for advertising. It is worth noting that DoubleClick was bought by Google in 2008 for $3.1 billion, and the search giant uses DoubleClick to serve ads on its extensive network.

Other categories were split, with no clear dominance. Website hosting, in particular, has GoDaddy with a 23% share and Amazon at a 17% share, but even the “Other” category is higher here with 27%. Meanwhile, email services are largely a battle between Microsoft and Google.

As a final point, it should be mentioned that many of the percentages do not add to 100% – that is because a company can use two technologies for similar purposes at the same time. For example, a company could serve Google Ads (through DoubleClick) but also ads through a different platform at the same time.

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Ranked: The 20 Biggest Tech Companies by Market Cap

In total, the 20 biggest tech companies are worth over $20 trillion—nearly 18% of the stock market value globally.

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A portion of the top 20 biggest tech companies visualized as bubbles sized by market cap with Apple as the biggest.

Ranked: The 20 Biggest Tech Companies by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap
1AppleU.S.$3.3T
2MicrosoftU.S.$3.3T
3NvidiaU.S.$3.2T
4AlphabetU.S.$2.2T
5AmazonU.S.$1.9T
6MetaU.S.$1.3T
7TSMCTaiwan$897B
8BroadcomU.S.$778B
9TeslaU.S.$582B
10TencentChina$453B
11ASMLNetherlands$415B
12OracleU.S.$384B
13SamsungSouth Korea$379B
14NetflixU.S.$281B
15AMDU.S.$258B
16QualcommU.S.$243B
17SAPGermany$225B
18SalesforceU.S.$222B
19PDD Holdings (owns Pinduoduo)China$212B
20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

 

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced a higher dividend, and reported that its next-generation GPU chip will start generating revenue later this year.

AI a Driver of the Biggest Tech Companies

It’s clear from the biggest tech companies that involvement in AI can contribute to investor confidence.

Among S&P 500 companies, AI has certainly become a focus topic. In fact, 199 companies cited the term “AI” during their first quarter earnings calls, the highest on record. The companies who mentioned AI the most were Meta (95 times), Nvidia (86 times), and Microsoft (74 times).

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Voronoi, the app by Visual Capitalist. Where data tells the story. Download on App Store or Google Play

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